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Business

Naira

Report: Naira appreciates N213 against dollar over 12 months

Femi Fabunmi

3 weeks ago

Nigeria’s naira ended May 2026 at N1,372 per US dollar, representing a slight decline from N1,367/$ recorded at the end…
oil and gas

Report shows Nigeria spent £1.1bn on UK refined oil in 2025

Femi Fabunmi

3 weeks ago

Nigeria spent about £1.1 billion on refined petroleum products imported from the United Kingdom in 2025, according to a new…
Banks

Banks lend N15.66 trillion to government in one year – CBN

Femi Fabunmi

3 weeks ago

Banks in Nigeria increased their lending to the federal government significantly over the past year, according to data from the…
NNPCL

NNPC Ltd. records N481bn profit in April

Isa Isawade

4 weeks ago

The development represented a sharp jump from the N276 billion posted in March, the company said in the April Monthly…
First HoldCo

Fitch’s Vote of Confidence: The Story Behind FirstHoldCo’s Resilience

Kazeem Ugbodaga

4 weeks ago

That is why Fitch Ratings' recent affirmation of FirstHoldCo Plc and First Bank of Nigeria Limited at a Long-Term Issuer…
NMDPRA

Dangote refinery slashes petrol, diesel prices again

Femi Fabunmi

4 weeks ago

The refinery further noted that it remains focused on improving local refining capacity and strengthening Nigeria’s energy independence by reducing…
First HoldCo

First HoldCo Shareholders approve N253bn Capital Raise to hit N1tn Capital Base

Kazeem Ugbodaga

4 weeks ago

Shareholders of First HoldCo Plc have approved plans to raise up to N253.099 billion as the financial services group intensifies…
AfDB approves investment of $650 million annually to drive economic transformation, resilience, and broad-based prosperity across Nigeria.

North-East leads as AfDB projects hit $6.2bn in Nigeria

Femi Fabunmi

4 weeks ago

The North-East region received the highest share of African Development Bank (AfDB)-funded projects in Nigeria in 2025, while projects in…
MTN

How MTN’s ‘Live It 100’ Campaign is rewriting brand strategy

Kazeem Ugbodaga

4 weeks ago

MTN Nigeria has launched a major youth-focused campaign known as 'Live It 100,' using music, innovation, gaming, business, and entertainment…
SALI

SALI establishes Lagos operations as it expands into West African Market

Kazeem Ugbodaga

4 weeks ago

Global tools and accessories manufacturer SALI Tools has officially entered the Nigerian market with the establishment of a local office…
Milk

FG, EU, Danish Dairy Board launch ‘Choose Milk’ Campaign in Nigeria

Kazeem Ugbodaga

4 weeks ago

Senior government officials, nutrition experts, healthcare professionals, regulators, development partners, and industry stakeholders on Tuesday convened at the Lagos Marriott…
Global growth to decline to 2.5% in 2026 over Middle East crisis — World Bank

Electricity reform hit as Nigeria rejects $717.7m World Bank funding

Femi Fabunmi

4 weeks ago

The Federal Government has cancelled $717.7 million in unused funding from a World Bank-supported electricity reform programme.
OPL 245: Malabu Oil sues Tinubu over split of oil asset, demands ₦1trn in damages

OPL 245: Malabu sues Tinubu over split of oil asset, demands ₦1trn in damages

Ayorinde Oluokun

4 weeks ago

The Tinubu's administration had broken up the controversial OPL 245 oil block into four new assets to be operated by…
Naira

Dollar pressure eases as Naira trades firm at N1,375/$

Femi Fabunmi

4 weeks ago

The Nigerian currency, the naira, strengthened slightly and traded at N1,375 per US dollar in the foreign exchange market.
UBA

UBA unveils Innovation Hub, Business Office at UNILAG

Kazeem Ugbodaga

1 month ago

Africa's Global Bank, United Bank for Africa (UBA) Plc, has deepened its longstanding relationship with the academic community and reaffirmed…
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