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Business

Oracle

Oracle layoffs impact 12,000 in India

Isa Isawade

6 hours 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

6 hours 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

6 hours 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

10 hours ago

Elumelu described BUA Group as a model of disciplined execution and industrial scale, pledging continued support for transformative enterprises.
Senate

Senate passes massive ₦68.3 trillion budget amid rising debt concerns

Kazeem Ugbodaga

21 hours 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

1 day 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

1 day 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

2 days 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

2 days 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

2 days 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 days 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

4 days 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

4 days ago

Report names Lagos best state for doing business
Sanwo-Olu

Sanwo-Olu inaugurates Irele Tower, boosting LFZ investment drive

Kazeem Ugbodaga

5 days ago

Managing Director and Chief Executive Officer of Lagos Free Zone, Adesuwa Ladoja, said the project reflects the zone’s commitment to…
Transcorp Energy, Renewvia Solar partner to drive clean energy access across Africa

Transcorp Energy, Renewvia Solar partner to drive clean energy access across Africa

Michael Adesina

5 days ago

In a major move to tackle the continent's power deficit, Transcorp Energy Limited and Renewvia Solar Nigeria Limited have officially…
Oceangate

Oceangate Engineering to appeal court’s ruling on asset forfeiture

Isa Isawade

5 days ago

Onyeaso said the company views the ruling as a civil asset forfeiture order based on suspicion rather than proof. She…
DealMakers AFRICA

DealMakers AFRICA honours top M&A deals, advisers in West Africa

Kazeem Ugbodaga

6 days ago

Leading mergers and acquisitions (M&A) transactions and advisory firms across West Africa were recognised at the DealMakers AFRICA Annual Gala…
Oceangate Engineering Oil & Gas LTD

Oceangate Engineering Oil & Gas LTD to appeal Federal High ruling over forfeiture assets

Michael Adesina

6 days ago

Oceangate Engineering Oil & Gas Limited has said it will appeal to the recent ruling of the Federal High Court…
Stock Market

Investors gain N141 billion as stock market sustains upward momentum

Kazeem Ugbodaga

7 days ago

On the gainers’ table, Legend Internet led with a 10 per cent increase to close at N7.26 per share. Premier…
Stronger reserves and sweeping FX reforms are giving CBN room to stabilise the naira, protect investment flows and domestic production

Forex market tension grows as Naira slips to N1,383/$

Femi Fabunmi

1 week ago

The naira weakened slightly to N1,383.5 per dollar on Tuesday, down from N1,383 per dollar recorded on Monday, as pressure…
Oceangate boss, Aisha Achimugu

Court orders final forfeiture of $13m linked to Aisha Achimugu in CBN’s account

Isa Isawade

1 week ago

He said, “Hence, describing the company as ‘a professional oll and gas consortium, operating in diverse sectors of the oil…
Stock Market

Investors gain big as market recoups losses, gains N1.09trn

Ayorinde Oluokun

1 week ago

Airtel Africa, John Holt, Legend Internet and Consolidated Hallmark Holdings led the gainers’ chart by 10 per cent each, settling…
The critical projects undertaken by NNPCL, partners are in line with the commitment of President Tinubu to leverage gas to grow the economy,

Erratic Power: Government steps In to tackle gas crisis

Femi Fabunmi

1 week ago

However, some people are worried this could increase Nigeria’s public debt. Also, some power companies disagree with the reported debt…
Cocoa beans are pictured next to a warehouse in the village of Atroni, near Sunyani, Ghana, April 11, 2019. Image via NAN

Cocoa tops list as Nigeria expands non-oil export earnings

Femi Fabunmi

1 week ago

Soya bean exports dropped sharply in 2025. This is likely due to lower production in Nigeria and strong competition from…
CBN commits to deepening engagement as Nigeria progresses toward a fully-fledged Inflation Targeting (IT) monetary policy regime.

CBN affirms commitment to inflation targeting monetary policy

Ayorinde Oluokun

1 week ago

The deputy governor said that the transition to an inflation-targeting framework marked a significant shift toward a transparent, forward-looking, and…

Tony Elumelu foundation gives $16 million to African entrepreneurs

Femi Fabunmi

1 week ago

These partnerships help expand opportunities and reduce Africa’s dependence on foreign aid.
crude oil

How Nigeria earned $31.54 billion from crude oil exports in 2025

Femi Fabunmi

1 week ago

Gas exports and local refining helped support total exports, but rising imports and external payments reduced overall gains.
cocoa farm

Farmers lament as cocoa prices fall sharply across Nigeria

Femi Fabunmi

1 week ago

Cocoa farmers in Ondo, Osun, and Ekiti states are struggling after cocoa prices dropped sharply. Many say they are now…
CBN

13th Global Awards: Nigeria’s CBN scoops Central Bank of the year title

Femi Fabunmi

1 week ago

Although progress has been made, the CBN says challenges still remain, such as maintaining low inflation and completing banking reforms.
1XBalance: Africa’s next chapter: when growth meets responsibility in betting market

Africa’s next chapter: when growth meets responsibility in betting market

Michael Adesina

2 weeks ago

Before thinking about limits, penalties, or warnings, it makes sense to begin with recognition. That is the thinking behind the…
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