Business

Transcorp Hotels shares reach 52-week high as market capitalisation surpasses N2 trillion

Michael Adesina

4 weeks ago

Transcorp Hotels Plc, the hospitality subsidiary of Transnational Corporation Plc (“Transcorp Group”), has reached a landmark financial milestone as its…

Reactivating Dormant Accounts Just Got Easier – CBN announces new rules

Femi Fabunmi

1 month ago

The CBN also addressed concerns about data privacy and stated that the disclosure requirements comply with Nigerian data protection laws.

APC, Vietnam join forces as Bilateral Trade hits $1 billion milestone

Kazeem Ugbodaga

1 month ago

The APC National Chairman further highlighted the economic progress being made under the current administration, stating that "the country's macroeconomic…

Four-Day Rally: Naira gains ₦35 against dollar at official market

Femi Fabunmi

1 month ago

Overall, the recent appreciation of the Naira at the official market may signal improving confidence in Nigeria’s financial system, although…

New CBN Rule: Your banking app can only work on one phone

Femi Fabunmi

1 month ago

The Central Bank of Nigeria (CBN) has announced that mobile banking apps in Nigeria will only be allowed to work…

Naira gains, ends week on positive note

Paul Dada

1 month ago

The Nigerian currency had recorded steady appreciation during the week amid sustained market activity and foreign exchange supply.

Why the CBN Is Managing the Naira’s Rise Carefully

Ayorinde Oluokun

1 month ago

Many observers assume that policymakers should celebrate a sharply rising currency. A stronger naira reduces the cost of imports and…

OPay opens up on reports of Lagos, Abuja office closure

Oluwapelumi Oluwayemi

1 month ago

The company described the claims circulating on social media and online platforms as false and misleading, insisting that its offices…

Best Crypto Payment Gateways in Egypt

Ayorinde Oluokun

1 month ago

When picking a crypto payment gateway, think about what really matters for your business. Consider fees, speed, which currencies are…

Naira appreciates to ₦1,376/$ at official market

Oluwapelumi Oluwayemi

1 month ago

Figures published on the CBN’s website showed that the local currency gained ₦25.20 against the dollar at the Nigerian Autonomous…

Middle East war causes acute gas crisis in India

Isa Isawade

1 month ago

The Asian country is grappling with an LPG crisis that has sent prices soaring and sparked panic buying of both…

FCMB hits ₦500bn Capital Mark, Retains International Banking Licence

Kazeem Ugbodaga

1 month ago

In July 2024, FCMB raised ₦144.6 billion through a public offer that was oversubscribed by 33 per cent and attracted…

JUST IN: Relief as Dangote Refinery slashes Petrol Price by N100

Kazeem Ugbodaga

1 month ago

The refinery also adjusted the price for petrol supplied through coastal distribution to ₦1,050 per litre, reflecting the slight difference…

United Capital Infrastructure Fund posts ₦3.06bn Income, delivers 24.62% Return

Kazeem Ugbodaga

1 month ago

During the 2025 financial year, the fund further strengthened its governance structure by appointing four experienced professionals to its Investment…

Parallex Bank successfully completes recapitalisation, positions for accelerated growth

Michael Adesina

1 month ago

Parallex Bank Limited has successfully completed the recapitalisation requirement of the Central Bank of Nigeria, surpassing the ₦50 billion minimum…

War: Naira falls to ₦1,425/$ as Middle East crisis triggers Investor exit

Femi Fabunmi

1 month ago

Analysts from Financial Derivatives Company and Cowry Asset Management also noted that the weakening of the naira across both the…

Nigerian Business Tycoon Dangote emerges Africa’s Richest Man yet again

Kazeem Ugbodaga

1 month ago

The 2026 Forbes list places Dangote’s net worth at about $28.5 billion, keeping him firmly at the top of Africa’s…

Breaking: Dangote Refinery raises petrol price again, Nigerians brace for fresh hardship

Kazeem Ugbodaga

1 month ago

Data from energy market reports show that the gantry price had earlier risen from ₦774 per litre to ₦874, before…

Five Game-Changing Facts About FirstBank’s MREIF Home Loan

Kazeem Ugbodaga

1 month ago

However, the MREIF Mortgage Loan by FirstBank of Nigeria is quietly changing that narrative.

UBA Business Series to Spotlight New Generation of Female Leaders

Kazeem Ugbodaga

1 month ago

According to the bank, the session will bring together accomplished women from different sectors to discuss strategies for navigating ambition,…

CBN data shows Nigeria’s money supply drops to ₦123.36tn

Femi Fabunmi

1 month ago

Despite the slight month-to-month drop, the money supply is still significantly higher compared to the same period last year, showing…

How FCT women convert their private cars to ‘Kabu-kabu’

Isa Isawade

1 month ago

“I usually park at the junction in the morning and evening. Sometimes people are surprised when they see a woman…

OpenAI senior executive resigns over Pentagon deal

Isa Isawade

1 month ago

The company behind ChatGPT secured a defence contract with the Pentagon last month, hours after rival Anthropic refused to agree…

NGX weekly turnover falls 10.7% as investors trade N177.7bn in shares

Paul Dada

1 month ago

Meanwhile, the NGX All-Share Index and market capitalisation appreciated by 2.15 per cent and 2.16 per cent to close at…

GDP rises to 4.07% as analysts call for stronger non-oil economy

Femi Fabunmi

1 month ago

They said the country needs stronger reforms in agriculture and industry to maintain economic growth and reduce the risks that…

Naira slides for second week, hits N1,393 against dollar

Femi Fabunmi

1 month ago

The continued weakening of the local currency comes despite efforts by the Central Bank of Nigeria to stabilise the market.…

Strait of Hormuz closed, 3000 vessels, 20,000 seafarers stranded in Middle East – IMO

Ayorinde Oluokun

1 month ago

IMO disclosed that the Strait of Hormuz was closed after a tugboat assisting another vessel in the strait on Friday…

Tinubu inaugurates Committee to launch GAMCO, fix Nigeria’s troubled Power Grid

Kazeem Ugbodaga

1 month ago

Part of its mandate includes examining the legal status and contractual obligations of assets owned by the Niger Delta Power…

itel teams up with i-Fitness to power new era of smart watches in Nigeria

Michael Adesina

1 month ago

itel, the #1 smart and wearable technology brand, and i-Fitness, Nigeria’s biggest name in fitness and wellness, have announced a…

Tax Reforms: KWACCIMA advises firms on accurate record-keeping

Paul Dada

1 month ago

The seminar was aimed at creating awareness about the new tax reforms and the importance of proper accounting records for…

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