Business

EXCLUSIVE: ₦50.7bn jackpot for Jim Ovia as Zenith rewards shareholders lavishly

Kazeem Ugbodaga

1 week ago

Chairman of Zenith Bank Plc, Jim Ovia, is set to pocket a staggering dividend payout of about ₦50.7 billion for…

UBA’s Chioma Mang, Michelle Nwoga shine at 2026 Guardian Women Festival

Kazeem Ugbodaga

1 week ago

Chief Executive Officer Africa 1, United Bank for Africa (UBA), Chioma Mang and UBA’s Group Chief Experience Officer, Michelle Nwoga,…

RTM West Africa Summit returns to Lagos, targets consumer growth and market resilience

Michael Adesina

1 week ago

The Route to Market (RTM) West Africa Summit is set to return in June 2026, positioning itself as a leading…

CBN introduces age limit, Phone change rules for BVN holders

Femi Fabunmi

1 week ago

This approach is designed to help banks quickly detect potential fraud while giving customers an opportunity to clarify any issues.

OPEC+ to Increase oil output, warns recovery May be slow

Femi Fabunmi

1 week ago

The group said it will raise output by 206,000 barrels per day. However, this increase may not have much real…

Finance Minister praises NUPRC as daily oil production hits 1.84m

Ayorinde Oluokun

2 weeks ago

The finance minister described the war in the Middle East as unfortunate but said President Bola Tinubu had mandated an…

Flutterwave secures banking licence, hits $40bn payments

Paul Dada

2 weeks ago

What began as a payment gateway designed to simplify cross-border transactions has evolved into one of the continent’s most prominent…

Oyo, FCMB, Mastercard Foundation disburse ₦1.5 billion to Youth Farmers

Kazeem Ugbodaga

2 weeks ago

Oyo State Government and First City Monument Bank (FCMB) have supported 1,000 young agripreneurs to boost food production and support…

MSME Awards: FG launches ₦1 billion grant scheme for small businesses

Femi Fabunmi

2 weeks ago

The Federal Government says it will give out more than ₦1 billion to support small businesses in Nigeria through the…

HOC Capital Club, Cersei Partners launch global citizenship advocacy body

Michael Adesina

2 weeks ago

HOC Capital Club, in partnership with Cersei Partners, has launched a new global advocacy platform aimed at redefining citizenship and…

Transcorp Hotels appoints Muyiwa Akinyemi to board of directors

Michael Adesina

2 weeks ago

Transcorp Hotels Plc, the hospitality arm of Transnational Corporation Plc (Transcorp), has announced the appointment of Mr. Muyiwa Akinyemi as…

33 Banks meet targets as CBN concludes ₦4.65trn Recapitalisation Drive

Kazeem Ugbodaga

2 weeks ago

The Central Bank of Nigeria (CBN) has concluded its sweeping banking sector recapitalisation programme, with lenders raising ₦4.65 trillion in…

Cybersecurity: Nigerian banks face tight CBN deadline

Femi Fabunmi

2 weeks ago

The Central Bank of Nigeria (CBN) has issued a strict directive to banks and other financial institutions, requiring them to…

Nigerian Banks raise N4.65trn new capital as CBN concludes recapitalisation programme

Ayorinde Oluokun

2 weeks ago

CBN said 72.55 per cent of capital was sourced locally and 27.45 per cent from international markets, a development it…

Oracle layoffs impact 12,000 in India

Isa Isawade

2 weeks ago

Oracle’s senior leadership reportedly began notifying affected staff via email around 6 AM on March 31, communicating the company's decision.

Naira slips to N1,387/$ as Nigeria’s reserves fall below $50bn

Femi Fabunmi

2 weeks ago

The Central Bank of Nigeria expects reserves to rise to about $51 billion by the end of 2026 as part…

Fresh gas price hike hits Nigeria’s power sector

Femi Fabunmi

2 weeks ago

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has increased the price of natural gas for power companies to…

Rabiu, Elumelu deepen partnership as BUA Foods posts N1.77trn revenue

Ayorinde Oluokun

2 weeks ago

Elumelu described BUA Group as a model of disciplined execution and industrial scale, pledging continued support for transformative enterprises.

Senate passes massive ₦68.3 trillion budget amid rising debt concerns

Kazeem Ugbodaga

2 weeks ago

Nigeria’s upper legislative chamber, the Senate, on Tuesday passed the 2026 Appropriation Bill, significantly increasing the proposed national budget amid…

FCMB Capital Markets tops FMDQ Rankings with ₦1.53 trillion deals

Kazeem Ugbodaga

2 weeks ago

Also commenting, Ikechukwu Omeruah, Chief Executive Officer of FCMB Capital Markets Limited, said the firm remains committed to supporting corporates…

LIRS extends tax filing deadline to April 14

Femi Fabunmi

2 weeks ago

Meanwhile, Nigeria’s tax system is undergoing significant reforms at the federal level, with the introduction of new laws such as…

U.S. Vs Iran: Market survey shows sharp increase in food prices

Femi Fabunmi

2 weeks ago

Another seller said they are struggling to balance making profit and keeping prices affordable.

45 student-led startups get N50m each as FG unveils S-VCG

Ayorinde Oluokun

2 weeks ago

Administered through the Federal Ministry of Education, the S-VCG is designed to identify, nurture and fund student-led startups with the…

NCC directs telecom operators to compensate subscribers for poor service

Ayorinde Oluokun

2 weeks ago

The compensation will be provided in the form of airtime credits, calculated based on subscribers’ average spending patterns and their…

Egg scarcity looms nationwide as prices rise to ₦8,500 per crate

Femi Fabunmi

2 weeks ago

Nigeria is experiencing another increase in egg prices, with a crate now selling for as much as ₦8,500 in some…

How FirstBank is Redefining Sustainability in Nigeria

Kazeem Ugbodaga

2 weeks ago

When we think of banking, we rarely imagine forests, solar panels, or braille-equipped ATMs. Yet, FirstBank of Nigeria is proving…

Report names Lagos best state for doing business

Femi Fabunmi

2 weeks ago

Report names Lagos best state for doing business

Sanwo-Olu inaugurates Irele Tower, boosting LFZ investment drive

Kazeem Ugbodaga

3 weeks ago

Managing Director and Chief Executive Officer of Lagos Free Zone, Adesuwa Ladoja, said the project reflects the zone’s commitment to…

Transcorp Energy, Renewvia Solar partner to drive clean energy access across Africa

Michael Adesina

3 weeks ago

In a major move to tackle the continent's power deficit, Transcorp Energy Limited and Renewvia Solar Nigeria Limited have officially…

Oceangate Engineering to appeal court’s ruling on asset forfeiture

Isa Isawade

3 weeks ago

Onyeaso said the company views the ruling as a civil asset forfeiture order based on suspicion rather than proof. She…

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