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Business

Naira

Naira remains strong against British pound, trades at N1,823/£1

Femi Fabunmi

2 weeks ago

The Nigerian naira continued to gain strength against the British pound in the foreign exchange market.
Payaza

Payaza gets ‘A’ credit ratings from Moody’s, Agusto, DataPro, Intelligence Africa

Michael Adesina

2 weeks ago

Payaza Africa Limited, a leading payments infrastructure company, has earned strong credit ratings from four major rating agencies, reinforcing its…
Sugar: LCCI urges review of SSB tax bill, warns of impact

LCCI, CPPE fault SSB tax bill, highlight dangers to manufacturing sector

Ayorinde Oluokun

2 weeks ago

According to them, imposing additional taxes on the non-alcoholic beverage subsector would increase production costs, raise consumer prices, weaken demand,…
gas

Rising gas prices force Abuja residents to traditional fuels

Isa Isawade

3 weeks ago

Industry operators have attributed the increase to supply shortages, higher depot costs, foreign exchange pressures, and rising transportation expenses.
External reserves

CBN tightens forex oversight, hits banks with N100m fine

Femi Fabunmi

3 weeks ago

CBN tightens forex oversight, hits banks with N100m
Nigeria's Stock market extends its negative trend on Thursday, wiping out N2.179 trillion from investors wealth

After four days of pain, Stocks deliver N234bn relief

Kazeem Ugbodaga

3 weeks ago

The Nigerian stock market staged a modest recovery on Friday, with investors gaining N234 billion as renewed buying interest reversed…
CBN

CBN data shows naira continues recovery with third consecutive gain

Femi Fabunmi

3 weeks ago

The Nigerian naira continued to strengthen against the United States dollar on Wednesday, marking its third consecutive day of appreciation…
FCMB

Youth in Agribusiness Land Trust Fund targets 500,000 young entrepreneurs

Kazeem Ugbodaga

3 weeks ago

The Federal Ministry of Youth Development (FMYD), in partnership with the International Institute for Tropical Agriculture (IITA), has launched the…
Family Business Summit 2024 to host over 150 leading Nigerian family businesses

Over One million businesses benefit as DBN reaches N1 trillion lending milestone

Femi Fabunmi

3 weeks ago

The Development Bank of Nigeria (DBN) has provided more than N1 trillion in loans to over one million micro, small…
AfDB

REVEALED: Shocking reasons Nigerian businesses can’t get loans from banks

Femi Fabunmi

3 weeks ago

Nigeria’s banks provide loans to businesses worth only 9.4% of the country’s Gross Domestic Product (GDP), according to the African…
CBN

Nigeria’s external reserves rise by $1.22 billion in May

Femi Fabunmi

3 weeks ago

Nigeria’s external reserves increased by about $1.22 billion in May 2026, reaching $49.58 billion by May 29, according to data…
Food vendors

Garri sells below N1,000 as food prices moderate nationwide – NBS

Femi Fabunmi

3 weeks ago

The prices of some major food items in Nigeria, including garri and beans, dropped significantly in April 2026, according to…
Nigeria's Stock market extends its negative trend on Thursday, wiping out N2.179 trillion from investors wealth

Investors lose N1.81tn as profit-taking triggers Stock Market sell-off

Kazeem Ugbodaga

3 weeks ago

Investors on the Nigerian Exchange Limited (NGX) lost a staggering N1.81 trillion on Monday as widespread profit-taking in blue-chip and…
Supreme Court

Supreme Court endorses Unity, Providus bank merger

Femi Fabunmi

3 weeks ago

The Nigerian Supreme Court has approved the merger between Unity Bank and Providus Bank, clearing the way for the two…
CBN

CBN mops up N1.95tn in fresh OMO auction as N3.35tn maturities loom

Kazeem Ugbodaga

3 weeks ago

The Central Bank of Nigeria (CBN) has intensified efforts to rein in excess liquidity in the financial system, absorbing N1.945…
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