Business

Naira roars back! Posts biggest weekly gain against Dollar in months

Kazeem Ugbodaga

4 weeks ago

The Nigerian naira opened the new trading week on a firm note, recording a significant gain against the U.S. dollar…

After months of shutdown, NNPC seals deal with China to revive refineries

Femi Fabunmi

4 weeks ago

The Nigerian National Petroleum Company (NNPC) Limited has signed a Memorandum of Understanding (MoU) with two Chinese firms as part…

Dollar-Naira gap persists as parallel market hits ₦1,410

Femi Fabunmi

1 month ago

According to the Nigerian Foreign Exchange Market (NFEM), the official exchange rate is about ₦1,375.98 per dollar. Earlier in the…

Otedola, Dangote Group deny claims of refinery funding by billionaire friends

Michael Adesina

1 month ago

Billionaire businessman, Femi Otedola, has dismissed claims that he funded the Dangote Petroleum Refinery, describing the reports as false and…

Nigerian stocks soar as investors gain N26.2trn in April rally

Kazeem Ugbodaga

1 month ago

Nigeria’s equities market delivered a stunning performance in April, with investors raking in a massive ₦26.2 trillion as bullish sentiment…

Dangote breaks silence on rift with Elumelu

Femi Fabunmi

1 month ago

The Dangote Group has denied reports claiming that its president, Aliko Dangote, is having a disagreement with Tony Elumelu, chairman…

Why traditional payment companies are adopting stablecoins

Isa Isawade

1 month ago

But something has shifted between 2023 and 2026. Suddenly, the companies that built fortunes on the old rails are racing…

MTN Nigeria approves ₦152bn fintech restructuring

Kazeem Ugbodaga

1 month ago

Shareholders of MTN Nigeria have approved a major restructuring of the company’s digital financial services arm, clearing the way for…

UBA Drives Bank-Fintech Collaboration at Pan-African Conference

Kazeem Ugbodaga

1 month ago

United Bank for Africa Plc (UBA) has reinforced its commitment to deepening collaboration between banks and fintechs across Africa, following…

Lagos unveils industrial policy, targets Africa’s manufacturing leadership

Kazeem Ugbodaga

1 month ago

The Lagos State Government on Thursday launched its Industrial Policy 2025–2030, a strategic roadmap aimed at transforming the state into…

NNPC Limited completes crossing of OB3 Gas Pipeline over River Niger

Ayorinde Oluokun

1 month ago

The OB3 Pipeline, with a capacity of 2 billion standard cubic feet per day, serves as a backbone gas infrastructure…

Lafarge Africa Profit Doubles to N97.95bn on Strong Q1 Performance

Kazeem Ugbodaga

1 month ago

Lafarge Africa Plc has reported a sharp rise in profitability for the first quarter of 2026, posting a profit after…

Subsidy removal not a Windfall – FG

Kazeem Ugbodaga

1 month ago

The Director-General of the Budget Office of the Federation, Tanimu Yakubu, has dismissed claims that subsidy removal automatically generates surplus…

BREAKING: Tinubu sacks Saidu Mohammed as NMDPRA boss, appoints replacement

Ayorinde Oluokun

1 month ago

he President, in a statement by Bayo Onanuga, his spokesperson said the sack of Saidu Mohammed was in "the public…

Senate confirms Yuguda as CBN Deputy Governor, Onuwu as NDIC Director

Ayorinde Oluokun

1 month ago

Abiru in his report said the committee received the resumes of the nominees and screened them accordingly.

Naira slides to N1,383/$ as external reserves dip further

Femi Fabunmi

1 month ago

The pressure on the naira reflects broader challenges in Nigeria’s FX market, including declining external reserves.

Investors gain N3.2trn as stock market rebounds

Ayorinde Oluokun

1 month ago

Industrial and Medical Gases, FTN Cocoa Processors, WAPCO, Austinlaz, and Presco, alongside 34 other gainers, lifted the market into positive…

UAE announces exit from OPEC, OPEC+

Ayorinde Oluokun

1 month ago

The Emirates also reaffirmed its commitment to investing across the energy value chain, including oil and gas, renewables and low-carbon…

Payaza receives dual credit rating upgrades, expands footprints in Africa

Michael Adesina

1 month ago

Payaza Africa Limited, a leading payments infrastructure company in Africa, has strengthened its market position with two major rating milestones.

Edo now safe for Investment Growth, says Afegbua

Kazeem Ugbodaga

1 month ago

The Edo State Commissioner for Information and Strategy, Kassim Afegbua, has said improved security architecture in the state is driving…

Mobile Earning in Nigeria: How to Verify an Affiliate Partner Before You Scale

Ayorinde Oluokun

1 month ago

A practical guide for Nigerian creators and publishers exploring mobile-first affiliate income in 2026, with a focus on cyber checks,…

Australia moves to tax Meta, Google, TikTok over News payments

Kazeem Ugbodaga

1 month ago

Australia has unveiled a new legislative push that could force global technology giants, including Meta, Google and TikTok, to pay…

Oil surges past $110 as Iran tensions threaten global supply

Kazeem Ugbodaga

1 month ago

Global oil prices spiked above $110 per barrel on Tuesday, driven by mounting concerns that diplomatic efforts between the United…

Our approach to AI adoption is deliberate, responsible – FCMB

Paul Dada

1 month ago

“Artificial Intelligence is no longer a future concept; it is actively redefining how financial institutions operate. From improving risk assessment…

Lagos unveils bold industrial policy to drive GDP growth, unlock investment

Kazeem Ugbodaga

1 month ago

The Lagos State Government has launched an ambitious Industrial Policy (2025–2030) designed to reposition the state as Africa’s leading industrial…

How Companies in Emerging Markets Are Improving Project Efficiency and Reducing Costs

Ayorinde Oluokun

1 month ago

The companies pulling ahead in their markets are those that recognize project management not as an administrative discipline but as…

Forex pressure mounts as Nigeria’s reserves slide in April

Femi Fabunmi

1 month ago

Nigeria’s foreign reserves dropped by about $731 million in the first three weeks of April 2026, showing continued pressure on…

Lagos signs Power deal with three firms to boost Electricity supply

Kazeem Ugbodaga

1 month ago

The Lagos State Government has signed a Power Purchase Agreement (PPA) with three electricity generation companies in a move aimed…

Sam Pharmaceuticals opens Factory in Nigeria with FCMB, BoI Support

Kazeem Ugbodaga

1 month ago

Sam Pharmaceutical Limited has opened a new manufacturing facility in southwestern Nigeria, expanding local drug production capacity as the country…

UBA deposits surge to N27.2trn despite profit pressures

Kazeem Ugbodaga

1 month ago

United Bank for Africa Plc has recorded an 11.8 per cent increase in customer deposits, rising to N27.2 trillion for…

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