Business

Dangote Refinery sparks market war, slashes Petrol price again

Kazeem Ugbodaga

2 months ago

The move reverses part of an earlier increase in January 2026, when the refinery hiked the gantry price to N799…

CAC offers free registration for 3,500 small businesses

Paul Dada

2 months ago

“This initiative is designed to reduce the cost of formalising businesses for micro and small enterprises and to encourage more…

Federation Account swells to ₦35 trillion as reforms boost revenue

Kazeem Ugbodaga

2 months ago

Also speaking, the Minister of State for Finance, Doris Uzoka-Anite, through the Director of Home Finance, Ali Mohammed, assured participants…

Naira dominates Dollar in stunning rebound

Kazeem Ugbodaga

2 months ago

The Naira has been on a gradual upward trajectory in recent weeks, breaking below the psychologically significant N1,400 mark earlier…

CBN sounds alarm over Nigeria’s foreign-dependent fintech

Femi Fabunmi

2 months ago

The CBN said its focus on domestic funding, regulatory updates, and innovation infrastructure aims to make Nigeria not only a…

Naira wobbles at Official Market, ends Week slightly down

Kazeem Ugbodaga

2 months ago

Despite the marginal loss at the close of the week, the naira maintained relative stability, supported by recent foreign exchange…

Stock Market breaks ₦110trn barrier as Investors gain ₦1.1trn

Kazeem Ugbodaga

2 months ago

On the losers’ side, The Initiates led the decline, shedding 9.74 per cent to close at ₦19.45. Daar Communications dropped…

Jidex speaks on Creator’s Approach to Legitimate Income at African Summit

Kazeem Ugbodaga

2 months ago

The summit hosted a wide range of creators and creative businesses, including Abiri Tobi Festus (Folagade Banks), Ify’s Kitchen, Nons…

Transcorp Power records 30% year-on-year revenue growth

Michael Adesina

2 months ago

Transcorp Power Plc has posted a 30 per cent year-on-year increase in revenue, reaching ₦398.27 billion for the financial year…

Edo, NNPC partner to establish 10,000bpd refinery

Ayorinde Oluokun

2 months ago

Once operational, it is expected to produce approximately 20 truckloads of Premium Motor Spirit (PMS) and 10 truckloads of Automotive…

Inside Nigeria’s Cement Industry: How market power keeps prices high

Femi Fabunmi

2 months ago

long-term solution, Agora Policy recommended strengthening domestic competition through stricter antitrust enforcement, removal of exclusive mining rights, separation of production…

Lafarge Africa moves to boost Cement output with major Plant Expansions

Kazeem Ugbodaga

2 months ago

The company said the increased capacity would improve product availability and enable it to serve customers more efficiently across key…

Cape Town Convention signing will drive Aviation Growth – Dare Osamo

Kazeem Ugbodaga

2 months ago

Osamo added that an expansion in airline fleets would have far-reaching economic implications, driving demand for aircraft parts, maintenance services,…

We don’t import refined petroleum products – Dangote

Isa Isawade

2 months ago

Dangote Refinery says it does not import refined petroleum products into Nigeria, insisting that all petrol and other fuels sold…

Flutterwave’s NYSE moment ignites global praise for Nigerian innovation

Paul Dada

2 months ago

In an era hungry for positive narratives, the company’s rise offers a compelling reminder that Nigeria’s most transformative headlines are…

IMF: Nigeria to become Africa’s third-largest economy in 2026

Femi Fabunmi

2 months ago

However, the IMF projects that Nigeria’s economy will grow strongly in 2026. Nigeria’s gross domestic product (GDP) is expected to…

What is eKYC?

Isa Isawade

2 months ago

As companies increasingly adopt advanced KYC solutions to meet regulatory standards, the shift from traditional, in-person verification to electronic Know…

Building Africa from Within: How Moneda Is Rewriting SME Financing – Rahul Sawlani

Michael Adesina

2 months ago

In this interview, the Group Chief Commercial Officer Rahul Sawlani reflects on a journey defined by resilience, adaptation, and the…

FG cleared 28 new oil field plans worth $18.2bn in 2025

Ayorinde Oluokun

2 months ago

According to Lokpobiri, the transformation of the sector under Tinubu’s administration marked a decisive break from years of declining production,…

Ogun hits ₦250bn Revenue Milestone at 50, Abiodun declares

Kazeem Ugbodaga

2 months ago

According to him, political stability, inclusive governance, and religious tolerance have helped create a peaceful environment attractive to investors, while…

CBN raises red flag over fintech boom, warns of stability risks

Femi Fabunmi

2 months ago

The report further revealed that 62.5 per cent of surveyed fintech firms operate or plan to expand into other African…

Investors gain ₦9bn as Stock Market opens Week on Positive note

Kazeem Ugbodaga

2 months ago

Despite the positive headline performance, market breadth closed negative, with 44 stocks declining against 30 gainers, indicating that losses were…

First HoldCo grows Gross Earnings to ₦3.4 Trillion despite impairments

Kazeem Ugbodaga

2 months ago

The group explained that the spike in impairments followed a conscious decision to accelerate balance sheet clean-up and adopt more…

Fuel, commodities flow into Lagos as 20 ships offload

Paul Dada

2 months ago

NPA explained that the ships were discharging petrol, diesel, crude oil, buck wheat, general cargo, containers, bulk gas, fresh fish,…

Market value rises despite dip in NGX All-Share Index

Paul Dada

2 months ago

Market capitalisation increased by 0.17 per cent to N106.153 trillion from N105.969 trillion recorded in the previous trading session.

LIRS extends deadline for employers’ Annual Tax Returns

Kazeem Ugbodaga

2 months ago

The LIRS chairman also reiterated that electronic filing via the LIRS eTax platform remains the only approved channel for submitting…

Naira ends Week stronger, gains N10.43 against Dollar at Official Market

Kazeem Ugbodaga

2 months ago

The naira ended the trading week on a positive note on Friday, strengthening further against the United States dollar at…

Moniepoint disburses over ₦1 Trillion to Small Businesses in landmark credit push

Kazeem Ugbodaga

2 months ago

Moniepoint Inc. has disbursed over ₦1 trillion in credit to thousands of micro, small and medium-scale enterprises, underscoring its growing…

Mastercard unveils Agent Suite to power enterprise shift into Agentic AI Era

Kazeem Ugbodaga

2 months ago

Mastercard has launched Mastercard Agent Suite, a new suite of services designed to help businesses integrate agentic artificial intelligence into…

Amazon eliminating 16K jobs amid generative AI push

Isa Isawade

2 months ago

This comes months after CEO Andy Jassy announced plans to reduce its total corporate workforce by using generative AI “extensively”…

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