Business

Forex pressure mounts as Nigeria’s reserves slide in April

Femi Fabunmi

1 week 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 week 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

2 weeks 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

2 weeks ago

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

Alake: Solid minerals excellence awards will advance responsible mining practices

Ayorinde Oluokun

2 weeks ago

The awards, themed ‘Unlocking the Future’, will unveil winners across high-impact categories that reflect the sector’s direction.

Equities Market Extends Rally, Investors Gain N1.86trn in 14-Day Surge

Kazeem Ugbodaga

2 weeks ago

Nigeria’s equities market closed the week on a bullish note, recording a N1.857 trillion gain as sustained investor confidence drove…

Civil society groups demand overhaul of banking ESG policies

Paul Dada

2 weeks ago

According to him, the coalition’s assessment showed that leading commercial banks scored an average of 1.7 out of 10 against…

Shareholders hail NB Plc’s dramatic turnaround amid tough economy

Kazeem Ugbodaga

2 weeks ago

Shareholders of Nigerian Breweries Plc have commended the company’s board and management for delivering a strong financial recovery in the…

Fake drinks crisis deepens as Nigeria’s economy loses ₦428 billion – Report

Femi Fabunmi

2 weeks ago

Nigeria is losing about ₦428 billion every year because of illegal alcohol trade, according to the Spirits and Wines Association…

Ginger, FCMB SheVentures launch Programme to scale Women Beauty businesses

Kazeem Ugbodaga

2 weeks ago

Ginger, a technology platform for beauty businesses, has partnered with FCMB SheVentures to unveil “Built to Last,” a year-long programme…

Afriland properties posts ₦4.07bn revenue, declares ₦329.7m dividend

Femi Fabunmi

2 weeks ago

Afriland Properties Plc has released its audited financial results for the year ended December 31, 2025, reporting modest revenue growth…

Consumers get boost as court backs FCCPC powers over banks

Paul Dada

2 weeks ago

According to him, the commission will continue to engage financial institutions and other service providers professionally, fairly, and in accordance…

Reps Investigate food price drop, move to protect farmers from market fluctuations

Femi Fabunmi

2 weeks ago

The House of Representatives in Nigeria has decided to investigate why the prices of farm produce keep dropping and how…

Lagos generates N1.7 trillion IGR in 2025 – Sanwo-Olu

Kazeem Ugbodaga

2 weeks ago

Lagos State generated over N1.7 trillion in internally generated revenue (IGR) in 2025, reinforcing its position as Nigeria’s leading sub-national…

Anambra, Flutterwave partner over digital economy expansion

Paul Dada

2 weeks ago

He also extended an invitation to members of the Anambra diaspora, encouraging them to tap into the state’s expanding digital…

Stock Market Gains N88bn as Select Stocks Drive Marginal Upswing

Kazeem Ugbodaga

2 weeks ago

The Nigerian equities market extended its positive run on Tuesday, posting modest gains as renewed investor interest in select stocks…

Experts push reform to strengthen Nigerian stock market

Femi Fabunmi

2 weeks ago

Financial experts are calling on the Nigerian Exchange Limited (NGX) and regulators to increase the minimum free float requirement for…

CBN, NCC launch joint offensive against SIM-linked fraud

Paul Dada

2 weeks ago

Speaking at the signing, CBN Governor Olayemi Cardoso described the pact as a decisive move in the national interest, stressing…

Banking Stocks power Market as NGX gains N609bn in Rally

Kazeem Ugbodaga

2 weeks ago

The Nigerian stock market began the week on a positive note, gaining N609 billion in value as banking and other…

Nigeria exports Millions of Barrels while its top Refinery starves for Oil

Kazeem Ugbodaga

2 weeks ago

Nigeria is currently caught in a strange paradox where the country is shipping massive amounts of crude oil abroad while…

Dangote Sugar moves to raise N500bn in Mega Rights Issue

Kazeem Ugbodaga

2 weeks ago

Dangote Sugar Refinery Plc has unveiled plans to raise up to N500 billion through a Rights Issue, following shareholder approval…

CBN admits inflation jumped but says worse was avoided

Kazeem Ugbodaga

2 weeks ago

The Central Bank of Nigeria (CBN) has pushed back against concerns over a sudden rise in inflation, arguing that its…

FX: Naira rallies to N1,348/$ as dollar wobbles

Femi Fabunmi

2 weeks ago

The Nigerian naira has continued to gain strength against the US dollar after its recent rise. Earlier this month, the…

CPPE urges targeted tariffs to boost refining, mobility, renewables

Ayorinde Oluokun

2 weeks ago

Measures include revisions to Import Adjustment Tax across 192 tariff lines, selective import restrictions, lower tariffs on inputs, excise adjustments,…

How we are quietly redefining financial access at the grassroots – Mywurah

Michael Adesina

2 weeks ago

A Nigerian fintech platform, Mywurah, has said it is driving a quiet transformation in grassroots financial access by focusing on…

Full List: Items You can no longer Import into Nigeria

Femi Fabunmi

2 weeks ago

The Federal Government has rolled out a revised import restriction policy targeting goods from countries outside the Economic Community of…

Millions of records affected as CAC suspends portal operations

Femi Fabunmi

3 weeks ago

CAC reassured the public that protecting users’ data remains a top priority. It urged stakeholders to remain calm and patient…

$1.18b Sandesara resolution among India’s largest, seen as ‘win-win’ for banks and government

Michael Adesina

3 weeks ago

At a hearing on April 2, 2026, a Supreme Court bench comprising Justices J.K. Maheshwari and Vijay Bishnoi directed the…

New dawn for investors as NGX extends market hours to 4:00 p.m

Femi Fabunmi

3 weeks ago

The Nigerian Exchange Limited (NGX) has announced an extension of its daily trading hours, moving closing time to 4:00 p.m.…

Mixed Signals: Naira rises while Nigeria’s FX reserves decline

Femi Fabunmi

3 weeks ago

The Nigerian naira gained value on Friday, closing at N1,342.5 per dollar, stronger than the N1,355.25/$ recorded the previous week.

« Prev 1 2 3 4 … 488 Next »