Business

Naira nears key N1,350/$ mark as FX market confidence improves

Femi Fabunmi

2 hours ago

The naira gained almost N10, closing at N1,357 per dollar, compared to N1,375.5/$ at the beginning of May. This means…

Truecaller flags Nigeria as Africa’s spam call capital

Femi Fabunmi

3 hours ago

Nigeria has been ranked the most spammed country in Africa, according to a new report by Truecaller has shown. The…

Oil prices crash as US-Iran deal hopes calm Global Markets

Kazeem Ugbodaga

7 hours ago

Global oil prices continued their downward slide on Thursday as growing optimism over possible diplomatic progress between the United States…

₦5m, ₦10m Zero-interest Loans: SheVentures Opens Applications for Women Entrepreneurs

Kazeem Ugbodaga

24 hours ago

First City Monument Bank (FCMB) has opened a new round of applications for its SheVentures proposition, offering zero-interest loans of up…

Dangote cuts petrol price back to N1,275 after brief increase

Femi Fabunmi

24 hours ago

Dangote Refinery has reduced its petrol price back to N1,275 per litre, just hours after increasing it to N1,350.

Breaking: Zenith Bank founder Jim Ovia retires as Chairman, Bello takes over

Kazeem Ugbodaga

2 days ago

Zenith Bank Plc has announced the retirement of its Founder and Group Chairman, Jim Ovia, marking the end of a…

Closing the SME Financing Gap: Nigerian Indonesian Chamber of Commerce and Industry leads Strategic Dialogue

Michael Adesina

2 days ago

The Nigerian Indonesian Chamber of Commerce and Industry (NICCI) successfully hosted its April 2026 Bi-Monthly Meeting at the Nigerian Institute…

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

Kazeem Ugbodaga

3 days 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

3 days 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

3 days 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

3 days 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

3 days 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

5 days 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

6 days 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

7 days 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

7 days 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

7 days 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 week 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 week 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 week 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 week 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 week 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 week 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 week 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 week 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 week 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 week 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 week 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 week 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 week ago

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

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