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Business

The Executive Secretary of the Solid Minerals Development Fund, Hajiya Fatima Shinkafi (left) and Franklin Edochie, the Deputy Director of the Africa Finance Corporation and Head, Metals and Mining signing an investment partnership agreement to jointly fund three projects including a 1.3 billion dollars alumina project recently with the Minister of Solid Minerals Development, Dele Alake (middle behind) witnessing the event

Nigeria, AFC seal $1.3bn for alumina refinery, others

Ayorinde Oluokun

1 month ago

The project would be Nigeria’s largest private mining investment and a landmark foreign direct investment, contributing 1.2 billion dollars to…
Dangote Cement Plc

Dangote Cement revenue hits N4.31trn as profit tops N1trn

Ayorinde Oluokun

1 month ago

Chief Executive Officer, Arvind Pathak, said: “2025 was a landmark year as we delivered exceptional financial performance.
NGX

NGX All-Share Index falls to 192,826.78 amid heavy sell-off

Paul Dada

1 month ago

They appreciated by 0.71 per cent, 0.13 per cent, 2.35 per cent, 3.11 per cent, 0.92 per cent, 1.25 per…
BUA

BUA Cement Plc posts N356bn profit after tax

Paul Dada

1 month ago

Its operating profit more than tripled to N504.55 billion in 2025, compared with N144.30 billion recorded in 2024, in spite…
Tinubu

Tinubu hails Lebara Nigeria launch as boost to digital Economy

Paul Dada

1 month ago

He acknowledges that investments of this nature are critical to deepening financial inclusion, enabling innovation, and accelerating economic growth.
Where Is the Best Place to Sell Gift Cards for Instant Cash in Nigeria? (Why GCBUYING Leads in 2026)

Where Is the Best Place to Sell Gift Cards for Instant Cash in Nigeria? (Why GCBUYING Leads in 2026)

Ayorinde Oluokun

1 month ago

Selling gift cards for Naira is not as simple as uploading a code and waiting for payment. But GCBUYING has…
AMNI

Court orders stay of execution on appointment of administrator in AMNI Petroleum’s case

Isa Isawade

1 month ago

"In the result, the Judgment Debtor/Applicant’s AMNI INTERNATIONAL PETROLEUM DEVELOPMENT COMPANY application for stay of execution pending appeal dated and…
Lagos

Lagos, CWEIC unveil ‘Invest Summit 3.0’ to boost Global Investment Visibility

Kazeem Ugbodaga

1 month ago

Sanwo-Olu stated that previous editions strengthened global engagement with capital providers and catalysed conversations around bankable projects.
TRANSCORP

Transcorp Group posts record FY 2025 results; PBT hits N179.5bn

Michael Adesina

1 month ago

Transnational Corporation Plc, listed on the Nigerian Exchange as TRANSCORP, has announced audited full year 2025 results showing record financial…
Seplat

Seplat Energy posts 144% revenue growth, hits $2.73bn in 2025

Paul Dada

1 month ago

Gas production was also projected to increase by 30 per cent, driven by contributions from the ANOH Gas Plant, improved…
NUPRC

NUPR sets deadline for Licensing Round applications

Paul Dada

1 month ago

The NUPRC, in a statement signed by its management, said the notice was in accordance with Section 11.2 of the…
Stakeholders in the Nigerian economy declare support for the decision of CBN's MPC to reduce interest rates at its 304th meeting in Abuja

NECA, CPPE, stockbrokers welcome CBN’s MPR cut, urge broader reforms

Ayorinde Oluokun

1 month ago

They said the decision of the Monetary Policy Committee, announced by the CBN Governor, Olayemi Cardoso, reflected improving macroeconomic fundamentals…
Harmony Gardens

Harmony Gardens breaks $1bn barrier with Lekki expansion drive

Michael Adesina

1 month ago

Harmony Garden & Estate Development Limited has expanded its development activities across Ibeju-Lekki, pushing the projected long-term value of its…
Investors lose N1.14trn as NGX reacts to MPC decision

NGX bleeds N1.14trn as investors react to MPC decision

Ayorinde Oluokun

1 month ago

The action of the MPC triggered massive selloffs in stocks such as Daar Communications, Tantalizers, BUA Foods, Ellah Lakes, Japaul…
Cardoso

Cardoso: 20 Banks meet requirements for recapitalisation

Ayorinde Oluokun

1 month ago

The CBN had in 2024 announced a major bank recapitalisation programme requiring Nigerian banks to raise higher capital bases within…
Value Added Tax (VAT)

Survey shows Nigeria’s tax ID portal Is user-friendly, efficient

Femi Fabunmi

1 month ago

Government officials added that the unified database will prevent confusion from multiple tax numbers across states and improve revenue administration.…
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

1 month 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

1 month 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

1 month 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

1 month 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

1 month 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

1 month 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

1 month 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

1 month 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

1 month 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

1 month 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

1 month 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

1 month 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

1 month 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

1 month ago

He emphasized that Nigeria's heavy reliance on imports creates a challenging dynamic: a stronger naira could lower costs across the…
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