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Business

CBN

Cybersecurity: Nigerian banks face tight CBN deadline

Femi Fabunmi

3 months ago

The Central Bank of Nigeria (CBN) has issued a strict directive to banks and other financial institutions, requiring them to…
CBN concludes banking sector recapitalisation as operators raise N4.65trn

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

Ayorinde Oluokun

3 months ago

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

Oracle layoffs impact 12,000 in India

Isa Isawade

3 months ago

Oracle’s senior leadership reportedly began notifying affected staff via email around 6 AM on March 31, communicating the company's decision.
Stronger reserves and sweeping FX reforms are giving CBN room to stabilise the naira, protect investment flows and domestic production

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

Femi Fabunmi

3 months ago

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

Fresh gas price hike hits Nigeria’s power sector

Femi Fabunmi

3 months 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

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

Ayorinde Oluokun

3 months 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

3 months ago

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

FCMB Capital Markets tops FMDQ Rankings with ₦1.53 trillion deals

Kazeem Ugbodaga

3 months 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

3 months ago

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

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

Femi Fabunmi

3 months ago

Another seller said they are struggling to balance making profit and keeping prices affordable.
FG inaugurates S-VCG, grants 45 tertiary students ₦50m each

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

Ayorinde Oluokun

3 months 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 telecommunications operators to compensate subscribers for poor service

NCC directs telecom operators to compensate subscribers for poor service

Ayorinde Oluokun

3 months ago

The compensation will be provided in the form of airtime credits, calculated based on subscribers’ average spending patterns and their…
Farmers, others lament egg price hike, seek FG intervention

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

Femi Fabunmi

3 months ago

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

How FirstBank is Redefining Sustainability in Nigeria

Kazeem Ugbodaga

3 months ago

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

Report names Lagos best state for doing business

Femi Fabunmi

3 months ago

Report names Lagos best state for doing business
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