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Business

Dangote

Dangote retires as Chairman of Dangote Cement, new head appointed

Kazeem Ugbodaga

8 months ago

His tenure transformed Dangote Cement into Africa’s largest cement producer and a leading exporter in Sub-Saharan Africa, with a legacy…
Tinubu

Tinubu vows to address ₦4trn Power Sector debt in meeting with GENCOs

Kazeem Ugbodaga

8 months ago

The President emphasized a market-driven electricity sector, noting, “This is a longstanding issue that is now being dealt with. I…
Ecobank

Moody’s upgrades Ecobank Outlook to Stable on stronger financial performance

Kazeem Ugbodaga

8 months ago

The outlook also incorporates Moody’s expectation that Ecobank Nigeria’s recapitalisation plan will be finalised by the end of 2025 with…
Court jails seven fraudsters over theft of N1 billion from Taj Bank after they pleaded guilty to charges filed against them by EFCC

Seven jailed over stealing of N1bn from TajBank

Ayorinde Oluokun

8 months ago

The suspects had exploited a glitch in the TajBank's system to transfer the over N1 billion to various banks and…
NERC

States have no authority to alter electricity cost – NERC

Paul Dada

8 months ago

NERC made this clarification following the move by the Enugu Electricity Regulatory Commission (EERC) to reduce the tariff for Band-A…
MultiChoice begins 2024 Step Up Offer for DStv, GOtv customers

Canal+ seals $3B deal, takes over DStv, GOtv in game-changing move

Femi Fabunmi

8 months ago

Canal+ CEO Maxime Saada said the approval is a major step and will help Canal+ expand across Africa, especially in…
Cardoso

CBN Data: Nigeria’s foreign reserves rise by $200m in 30 days to hit $37.94bn

Femi Fabunmi

8 months ago

Momentum picked up significantly on July 11, when reserves climbed to $37.43 billion. The sharpest increase came on July 14,…
Ojulari: President Tinubu urged to ignore 'sponsored' protests against NNPCL boss — NFI

NNPC Ltd dismantling bottlenecks to self-sufficient refining sector in Africa – Ojulari

Ayorinde Oluokun

8 months ago

He noted that infrastructure integration, indigenous ownership, and policy harmonisation remain essential drivers of downstream transformation and are critical to…
CBN

CBN retains tight policy, keeps interest rate at 27.50%

Kazeem Ugbodaga

9 months ago

In addition to retaining the MPR, the MPC voted to keep the Cash Reserve Ratio (CRR) unchanged at 50% for…
Lafarge

Lafarge posts record N269bn Revenue in Q2 2025, profit soars by 248%

Kazeem Ugbodaga

9 months ago

Despite macroeconomic challenges impacting purchasing power, Alade-Akinyemi expressed confidence in sustained growth.
Naira

Naira’s fate hangs in balance as Dollar inches ahead

Kazeem Ugbodaga

9 months ago

Analysts note that the Naira’s performance aligns with broader economic dynamics, including Nigeria’s reliance on oil exports, which account for…
Airlines

Nigerian Airlines refund ₦1.04bn to 5,285 passengers in 2025 second quarter

Kazeem Ugbodaga

9 months ago

The NCAA’s oversight ensures airlines address grievances promptly, a response to persistent challenges in the sector, where delays and cancellations…
GDP

Breaking: Nigeria’s GDP surges to 3.13% in 2025 first quarter

Kazeem Ugbodaga

9 months ago

In nominal terms, aggregate GDP reached N94.05 trillion in Q1 2025, reflecting an 18.30% year-on-year increase from N79.51 trillion in…
Naira

Naira inches up as Nigeria bids Farewell to Buhari

Oluwapelumi Oluwayemi

9 months ago

According to figures published on the Central Bank of Nigeria’s (CBN) official website, the Naira appreciated by 77 kobo to…
AGF

Tinubu’s AGF breaks silence: “We didn’t touch First Holdco shares”

Kazeem Ugbodaga

9 months ago

The AGF’s office clarified that the Federal Government had no role in the ownership or governance of First Holdco, emphasizing…
FCMB

FCMB commits $40M to Luxury Green Tower in Eko Atlantic

Kazeem Ugbodaga

9 months ago

The project will include a hotel, commercial centre, retail outlets, multipurpose halls, a cinema complex, gaming arcade, wellness centre, and…
U.S government however said the 5.1bn healthcare cooperation agreement with Nigeria will be subject to broader foreign policy considerations.

Nigeria’s Economic rise: U.S. Investment hits $6.5 billion in blockbuster year

Kazeem Ugbodaga

9 months ago

U.S. investments have primarily targeted sectors such as energy, technology, and agriculture, contributing to job creation and economic diversification in…
Can a small term debt help in emergency situations?

10 Tips to avoid debt traps with planned borrowing

Michael Adesina

9 months ago

Debt can be a helpful tool when managed wisely, but it’s all too easy to fall into a debt trap…
Stock Market

Nestlé ignites Stock Market surge as investors rake in N1.44 trillion in a day

Kazeem Ugbodaga

9 months ago

The rally was led by Nestlé Nigeria, which appreciated by 10 per cent to close at ₦1,650.00 per share. Other…
GTCO

If you are a shareholder in GTCO, you can’t afford to miss this

Kazeem Ugbodaga

9 months ago

GTCO’s recent cross-border listing is believed to be a key driver behind the stock's momentum. On July 9, 2025, the…
Inflation

Nigeria’s Inflation plummets to 22.22% in June amid rising CPI

Kazeem Ugbodaga

9 months ago

The urban inflation rate declined to 22.72% year-on-year in June 2025, significantly lower than the 36.55% recorded in June 2024.…
Meta activates major Facebook update worldwide

Nigeria’s commission asks court to dismiss Meta’s suit challenging $32.8m fine

Ayorinde Oluokun

9 months ago

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

Jumia appoints Temidayo Ojo as new CEO for Jumia Nigeria

Kazeem Ugbodaga

9 months ago

Jumia extends heartfelt appreciation to Sunil Natraj for his exceptional leadership during a period of profound economic and operational change.
DBN

DBN opens applications for 2025 Entrepreneurship Training programme

Kazeem Ugbodaga

9 months ago

Dr. Tony Okpanachi, DBN’s Managing Director/CEO, emphasized the programme’s role in fostering economic growth.
FCMB

Enactus awards FCMB for driving Youth-led social impact across Nigeria

Kazeem Ugbodaga

9 months ago

Speaking at the event, Michael Ajayi, Country Manager of Enactus Nigeria, praised FCMB for its hands-on approach and deep alignment…
Rice

Farmers give reasons for scarcity of local rice

Isa Isawade

9 months ago

They know that if local rice exists and thrives, they will be no more importation of foreign rice or indiscriminate…
VerseOne

VerseOne Distribution Now processes Naira Transactions: More African Currencies to Follow

Kazeem Ugbodaga

9 months ago

Starting today, clients in Nigeria can seamlessly make payments in local currency, eliminating the barriers of currency exchange and international…
Ecobank

Investor confidence soars as Ecobank clears $150m Eurobond early

Kazeem Ugbodaga

9 months ago

Ecobank’s broader transformation programme appears to be yielding early results. Preliminary results for the first half of 2025 show a…
All On

All On invests $250,000 in enee.io to boost energy access in Nigeria

Kazeem Ugbodaga

9 months ago

The company’s solutions align with All On’s mission to support scalable clean energy businesses that address Nigeria’s energy access gap.
An investor, Abbas Waziri, says his company, Residents Group Cement will deliver a $2.6bn petrochemical company in Ondo within 12 months

Investor promises to deliver $2.6b petrochemical company in Ondo in 12 months

Ayorinde Oluokun

9 months ago

He assured that the company would work with both the states and the community to make sure that everyone benefitted…
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