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Business

Stronger reserves and sweeping FX reforms are giving CBN room to stabilise the naira, protect investment flows and domestic production

Forex Alert: CBN buys $190M to slow Naira’s rapid rise

Femi Fabunmi

2 months ago

Analysts also said higher oil prices, increasing foreign reserves, and ongoing economic reforms are helping to keep the naira stable…
CBN

CBN cuts Interest Rate again to 26.5%

Kazeem Ugbodaga

2 months ago

Other key parameters were left unchanged, with the Cash Reserve Ratio retained at 45 per cent for commercial banks and…
AMNI

AMNI clarifies context following related court rulings

Isa Isawade

2 months ago

"The Company wishes to emphasise that these proceedings do not relate to insolvency or inability to meet obligations.
APC

APC hails by-election wins as referendum on Tinubu’s leadership

Paul Dada

2 months ago

He said the outcome of the polls also showed that political influence on social media does not necessarily translate into…
Director General, Nigerian Maritime Administration and Safety Agency, NIMASA, Dr Dayo Mobereola (left) and the Chief of Air Staff, Air Marshall S. K. Aneke during a courtesy visit by the NIMASA Director General to the Nigerian Air Force Head quarters in Abuja.

NIMASA, NAF commit to improved partnership

Ayorinde Oluokun

2 months ago

Dr. Mobereola further emphasized that international trade depends on security, which is why vessels prefer to go to or transit…
Dangote

Dangote’s new plan that could turn Nigerians into oil investors

Oluwapelumi Oluwayemi

2 months ago

Dangote made the disclosure on Saturday while addressing journalists during a tour of the facility by the Group Chief Executive…
Tinubu

FG’s revenue reform wins praise from petroleum retailers

Paul Dada

2 months ago

The Executive Order directs that all oil and gas revenues due to the Federation, including royalty oil, tax oil, profit…
NGX

NGX soars 6.95% as investors gain N8.1trn in one week

Paul Dada

2 months ago

On the other hand, the top five losers for the week were: RT Briscoe, Mecure Industries, Tripple Gee, Sovereign Trust…
Toriola

MTN boss Karl Toriola seals strategic Pact in Brazzaville

Kazeem Ugbodaga

2 months ago

The high-level engagement signals MTN’s intention to align closely with Congo’s development priorities, positioning telecommunications as a key driver of…
MTN

Africa must lead, not linger, in Fourth Digital Revolution – MTN CIO

Kazeem Ugbodaga

2 months ago

Using MTN Nigeria as a case study, Shodunke explained that the company has evolved beyond traditional connectivity services into cloud…
Understanding 1xBalance: A Smarter Way to Evaluate Your Betting Style

Understanding 1xBalance: A Smarter Way to Evaluate Your Betting Style

Michael Adesina

2 months ago

In the fast-paced world of sports betting, many players focus primarily on odds, predictions, and potential winnings. However, one critical…
PENGASSAN faults President Bola Tinubu's Executive Order for direct remittance of oil and gas revenue to the Federation Account by NNPCL.

PENGASSAN: Tinubu’s executive order could weaken NNPCL, discourage investors

Ayorinde Oluokun

2 months ago

Osifo stressed that any executive action must align with the Petroleum Industry Act to avoid negative investor signals.
Jumia

Jumia unveils aggressive retail strategy to transform online shopping

Kazeem Ugbodaga

2 months ago

Recent performance indicators underscore that ambition. Jumia recorded strong year-on-year growth in Gross Merchandise Value (GMV) and order volumes, reflecting…
Dangote

Dangote declares Naira could hit ₦1,100 to Dollar before 2026 ends

Kazeem Ugbodaga

2 months ago

He emphasized that Nigeria's heavy reliance on imports creates a challenging dynamic: a stronger naira could lower costs across the…
Keystone Bank donates delivery kits to pregnant women in Jigawa

Keystone Bank donates delivery kits to pregnant women in Jigawa

Michael Adesina

2 months ago

As part of its continued commitment to social impact and community wellbeing, Keystone Bank Limited recently donated delivery kits to…
Nigerian govt to review IHS Towers, MTN Group $6.2bn acquisition deal

Nigerian govt to review IHS Towers, MTN Group $6.2bn acquisition deal

Ayorinde Oluokun

2 months ago

Tijani said the review is to ensure that consumers are protected, safeguard investments and the long-term sustainability of the sector.
Guinness

Guinness Nigeria roars back with ₦41.2bn Profit as Revenue jumps to ₦730.8bn

Kazeem Ugbodaga

2 months ago

Gross profit climbed by 152 per cent to ₦230.5 billion, driven by improved productivity and tighter cost controls, while operating…
Court jails ex-senatorial candidate 10 years for aiding terrorism

Nigeria’s Chianugo Peter $150m suit against Google, GoDaddy.com stalled

Ayorinde Oluokun

2 months ago

He sought a declaration that GoDaddy.com was wrong to shut down the YouTubeAudio.com domain name on Dec. 7, 2022 and…
Tinubu launches Nigeria Industrial Policy 2025, demands speedy implementation

Tinubu launches Nigeria Industrial Policy 2025, demands speedy implementation

Ayorinde Oluokun

2 months ago

On his part, business mogul and Chairman of Dangote Group of Companies, Alhaji Aliko Dangote, thanked the federal government for…
Stock Market

Stock Market soars past ₦122trn as Investors gain ₦5.1trn

Kazeem Ugbodaga

2 months ago

Trading activity also strengthened significantly. A total of 1.1 billion shares valued at ₦64 billion were exchanged in 64,821 deals,…
Inflation

JUST IN: Nigeria’s Inflation plummets again to 15.10% in January

Kazeem Ugbodaga

2 months ago

According to NBS, disaggregated data showed that urban inflation on a year-on-year basis stood at 15.36 per cent in January…
UBA

UBA launches new platform for Nigerians abroad

Oluwapelumi Oluwayemi

2 months ago

Africa’s Global Bank, United Bank for Africa Plc, has launched a new diaspora banking and investment platform aimed at serving…
Flutterwave

Flutterwave most licensed non-bank entity globally – CEO Agboola

Paul Dada

2 months ago

“We want businesses and consumers to transact easily and create value everywhere.”
Why Bettors Switch Platforms in 2026

How Bettors Choose and Switch Platforms in 2026

Michael Adesina

2 months ago

The reasons why different people opt to use one platform over another is one of the significant aspects studied in…
AMNI

AMNI clarifies legal position regarding reported court order in Cenroc dispute

Isa Isawade

2 months ago

There had been media reports that an administrator was appointed by the court to manage affairs in the dispute. But…
NGX

NGX All-Share Index surges 6.16%

Paul Dada

2 months ago

Trading in the top three equities, namely Deap Capital Management & Trust Plc, Access Holdings Plc and Zenith Bank Plc,…
Jumia

Nigeria drives Jumia’s 2025 surge as E-Commerce demand accelerates

Kazeem Ugbodaga

2 months ago

Chief Executive Officer of Jumia Nigeria, Temidayo Ojo, described Nigeria as central to the company’s expansion strategy, noting that each…
Allied Air, SAHCOL to launch cargo operations at Ogun airport

Allied Air, SAHCOL to launch cargo operations at Ogun airport

Ayorinde Oluokun

2 months ago

The Managing Director of Allied Air, Captain Val Tongo, said his team was impressed by the level of infrastructure and…
Obasanjo

What Obasanjo said about business leader Agboola

Paul Dada

2 months ago

He described the company as the largest and most influential fintech enterprise in Africa during remarks at the firm’s 10th‑anniversary…
CBN

CBN hits banks with N10m fine over unaccredited cheque printers

Paul Dada

2 months ago

The regulator said the updated framework is aimed at strengthening compliance, improving cheque security features and safeguarding the integrity of…
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