Business

CBN’s gains tested as naira falls slightly to ₦1,467 per dollar

Femi Fabunmi

6 months ago

The NBS is expected to release its Consumer Price Index (CPI) report for September on Wednesday.

Michelin planning comeback after 18yrs of exit from Nigeria

Isa Isawade

6 months ago

Nigeria’s evolving automotive landscape, with a growing preference for larger, high-end vehicles, drives demand for premium tyres in the 18-inch-and-above…

Why Nigerians should avoid substandard electrical products – NIEEE

Isa Isawade

6 months ago

“We have been working with the Standard Organisation of Nigeria (SON) and the Nigerian Electricity Management Services Agency (NEMSA) to…

Agricultural Cycles and Nigerian Currency Markets

Ayorinde Oluokun

6 months ago

Nigeria's farming sector creates complex currency market relationships operating independently of oil market dynamics while affecting millions of rural residents.

Impact of new capital gains tax rules on the capital market

Ayorinde Oluokun

6 months ago

The reform makes CGT progressive so that low-income earners either pay no CGT or pay less, while higher-income earners contribute…

Customer Service Week: MMA2 honours staff, vows continued Service Excellence

Kazeem Ugbodaga

6 months ago

Acting Chief Operating Officer, Mr. Remi Jibodu, described the celebration as a reminder of BASL’s consistent pursuit of excellence. “At…

Investment Boom: Nigeria secures third major oil & gas deal in under two years

Paul Dada

6 months ago

President Bola Ahmed Tinubu welcomes the news of Shell's $2 billion Final Investment Decision (FID) on a new gas project…

Stock Market soars, NGX adds massive N465bn value boost

Kazeem Ugbodaga

6 months ago

Sovereign Trust Insurance topped the gainers’ chart, rising by 9.97 per cent to close at N3.53 per share, followed by…

Transcorp power records N91.2bn profit before tax, revenue up 38%

Michael Adesina

6 months ago

Transcorp Power Plc, a subsidiary of Transnational Corporation Plc (Transcorp Group), has reported a profit before tax of N91.2 billion…

Oil service firm, Tamrose, celebrates repayment of $10m NCI Fund Loan

Ayorinde Oluokun

6 months ago

A statement by NCDMB indicated that with the loan, Tamrose was able to increase the number of its four security…

Our mission is to turn investments into legacies: Oladigbolu speaks on real estate vision

Michael Adesina

6 months ago

Real estate entrepreneur, Kolade Afeez Oladigbolu, has said his company’s guiding vision is to transform investments into lasting legacies that…

Naira Boom Explained: How CBN reforms, oil gains, strengthened the currency

Femi Fabunmi

6 months ago

commended the close collaboration between the Ministry of Finance and the CBN, adding that public statements by the Coordinating Minister…

Naira strengthens to ₦1,455/$ as Nigeria’s external reserves grow

Femi Fabunmi

6 months ago

As the foreign exchange market continues to stabilize, stakeholders are urging the federal government to consolidate the gains by ensuring…

Why CBN must sustain its reforms on naira recovery – BCAN

Paul Dada

6 months ago

The Naira, however, recorded a marginal depreciation of 0.05 per cent on Tuesday, trading at N1,471.08, while it exchanged at…

NGX records 27.9% decline in trade as investors exchange N90.28 shares

Ayorinde Oluokun

6 months ago

The Financial Services Industry led the activity chart with 1.355 billion shares worth N24.588 billion traded in 59,553 deals, contributing…

FG Dismisses Claims of Policy Change on Revenue Deductions

Kazeem Ugbodaga

6 months ago

“At no point during his remarks at the Nigeria Development Update (NDU) programme hosted by the World Bank did the…

Investors smile as NGX Market value soars to N93.3trn

Kazeem Ugbodaga

6 months ago

Dangote Cement topped the gainers’ chart with a 6.48 per cent increase to close at N575 per share. FG202031S1 followed…

Nigeria strengthens oil export chain with new 365,000-bpd Otakikpo terminal

Femi Fabunmi

6 months ago

The $400 million facility, located in Ikuru Town, Andoni Local Government Area, can handle 365,000 barrels per day. It is…

New Banking Rules: 10 things PoS operators must know to avoid sanctions

Femi Fabunmi

6 months ago

These rules, known as the Guidelines for the Operations of Agent Banking in Nigeria, were issued on October 6, 2025.…

Keystone Bank customers to win big in ‘Mega Milli’ promo

Michael Adesina

6 months ago

Keystone Bank Limited has unveiled its year-end nationwide promo that will reward its loyal customers with weekly cash prizes running…

Why my administration established N200bn MSME intervention fund – Tinubu

Kazeem Ugbodaga

6 months ago

Tinubu noted that the success so far recorded is largely due to the confidence reposed in Nigerian economic professionals, whose…

Nigerian crude output to hit 1.8m barrels by December

Paul Dada

6 months ago

“Mr President gave us a clear mandate to ramp up crude output to at least two million barrels per day…

Iyaloja structure: CHRICED applauds Oba of Benin’s position

Isa Isawade

6 months ago

"Oba Ewuare II’s response was clear, courageous, and culturally grounded. He reaffirmed that Benin markets are governed by the Iyeki—leaders…

FX: After four days of gains, naira dips to ₦1,465 at official market

Femi Fabunmi

6 months ago

According to official data released by the Central Bank of Nigeria (CBN), the naira depreciated to ₦1,465.68 per dollar at…

CBN reforms to stabilise economy, restore investor confidence – Cardoso

Ayorinde Oluokun

6 months ago

Cardoso said when he promised to clear verifiable FX backlog estimated at over seven billion dollars, the feat was a…

Lagos honours Jumia with top consumer-friendly business Award

Kazeem Ugbodaga

7 months ago

LASCOPA said the award was designed to encourage consumer-friendly practices while spotlighting companies that uphold fairness, trust, and accountability.

Nigerian govt, Meta opt for settlement in $32.8m data privacy sanction

Ayorinde Oluokun

7 months ago

The NDPC had, on Feb. 18, imposed both a remedial fee of 32,800,000 million US dollars and eight corrective orders…

Kingswell Tradelux Review 2025: Legit Or Not?

Ayorinde Oluokun

7 months ago

Kingswell Tradelux is a safe and private trading platform that does not compromise your online security. Besides this, most customers…

Wema Bank expands SME empowerment with landmark Trade Fair in Ghana

Kazeem Ugbodaga

7 months ago

According to a statement from the bank, attendees who shop with their Wema Bank debit cards at the fair will…

Insecurity erodes Nigeria’s Growth, Experts warn at Kosofe Dialogue

Kazeem Ugbodaga

7 months ago

Idahosa identified youth unemployment, cybercrime, and fragile supply chains as pressing threats to community stability, stressing that businesses must embrace…

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