Business

After four days of pain, Stocks deliver N234bn relief

Kazeem Ugbodaga

12 hours ago

The Nigerian stock market staged a modest recovery on Friday, with investors gaining N234 billion as renewed buying interest reversed…

CBN data shows naira continues recovery with third consecutive gain

Femi Fabunmi

2 days ago

The Nigerian naira continued to strengthen against the United States dollar on Wednesday, marking its third consecutive day of appreciation…

Youth in Agribusiness Land Trust Fund targets 500,000 young entrepreneurs

Kazeem Ugbodaga

2 days ago

The Federal Ministry of Youth Development (FMYD), in partnership with the International Institute for Tropical Agriculture (IITA), has launched the…

Over One million businesses benefit as DBN reaches N1 trillion lending milestone

Femi Fabunmi

2 days ago

The Development Bank of Nigeria (DBN) has provided more than N1 trillion in loans to over one million micro, small…

REVEALED: Shocking reasons Nigerian businesses can’t get loans from banks

Femi Fabunmi

3 days ago

Nigeria’s banks provide loans to businesses worth only 9.4% of the country’s Gross Domestic Product (GDP), according to the African…

Nigeria’s external reserves rise by $1.22 billion in May

Femi Fabunmi

3 days ago

Nigeria’s external reserves increased by about $1.22 billion in May 2026, reaching $49.58 billion by May 29, according to data…

Garri sells below N1,000 as food prices moderate nationwide – NBS

Femi Fabunmi

4 days ago

The prices of some major food items in Nigeria, including garri and beans, dropped significantly in April 2026, according to…

Investors lose N1.81tn as profit-taking triggers Stock Market sell-off

Kazeem Ugbodaga

4 days ago

Investors on the Nigerian Exchange Limited (NGX) lost a staggering N1.81 trillion on Monday as widespread profit-taking in blue-chip and…

Supreme Court endorses Unity, Providus bank merger

Femi Fabunmi

5 days ago

The Nigerian Supreme Court has approved the merger between Unity Bank and Providus Bank, clearing the way for the two…

CBN mops up N1.95tn in fresh OMO auction as N3.35tn maturities loom

Kazeem Ugbodaga

5 days ago

The Central Bank of Nigeria (CBN) has intensified efforts to rein in excess liquidity in the financial system, absorbing N1.945…

Report: Naira appreciates N213 against dollar over 12 months

Femi Fabunmi

5 days ago

Nigeria’s naira ended May 2026 at N1,372 per US dollar, representing a slight decline from N1,367/$ recorded at the end…

Report shows Nigeria spent £1.1bn on UK refined oil in 2025

Femi Fabunmi

6 days ago

Nigeria spent about £1.1 billion on refined petroleum products imported from the United Kingdom in 2025, according to a new…

Banks lend N15.66 trillion to government in one year – CBN

Femi Fabunmi

6 days ago

Banks in Nigeria increased their lending to the federal government significantly over the past year, according to data from the…

NNPC Ltd. records N481bn profit in April

Isa Isawade

6 days ago

The development represented a sharp jump from the N276 billion posted in March, the company said in the April Monthly…

Fitch’s Vote of Confidence: The Story Behind FirstHoldCo’s Resilience

Kazeem Ugbodaga

7 days ago

That is why Fitch Ratings' recent affirmation of FirstHoldCo Plc and First Bank of Nigeria Limited at a Long-Term Issuer…

Dangote refinery slashes petrol, diesel prices again

Femi Fabunmi

7 days ago

The refinery further noted that it remains focused on improving local refining capacity and strengthening Nigeria’s energy independence by reducing…

First HoldCo Shareholders approve N253bn Capital Raise to hit N1tn Capital Base

Kazeem Ugbodaga

1 week ago

Shareholders of First HoldCo Plc have approved plans to raise up to N253.099 billion as the financial services group intensifies…

North-East leads as AfDB projects hit $6.2bn in Nigeria

Femi Fabunmi

1 week ago

The North-East region received the highest share of African Development Bank (AfDB)-funded projects in Nigeria in 2025, while projects in…

How MTN’s ‘Live It 100’ Campaign is rewriting brand strategy

Kazeem Ugbodaga

1 week ago

MTN Nigeria has launched a major youth-focused campaign known as 'Live It 100,' using music, innovation, gaming, business, and entertainment…

SALI establishes Lagos operations as it expands into West African Market

Kazeem Ugbodaga

2 weeks ago

Global tools and accessories manufacturer SALI Tools has officially entered the Nigerian market with the establishment of a local office…

FG, EU, Danish Dairy Board launch ‘Choose Milk’ Campaign in Nigeria

Kazeem Ugbodaga

2 weeks ago

Senior government officials, nutrition experts, healthcare professionals, regulators, development partners, and industry stakeholders on Tuesday convened at the Lagos Marriott…

Electricity reform hit as Nigeria rejects $717.7m World Bank funding

Femi Fabunmi

2 weeks ago

The Federal Government has cancelled $717.7 million in unused funding from a World Bank-supported electricity reform programme.

OPL 245: Malabu sues Tinubu over split of oil asset, demands ₦1trn in damages

Ayorinde Oluokun

2 weeks ago

The Tinubu's administration had broken up the controversial OPL 245 oil block into four new assets to be operated by…

Dollar pressure eases as Naira trades firm at N1,375/$

Femi Fabunmi

2 weeks ago

The Nigerian currency, the naira, strengthened slightly and traded at N1,375 per US dollar in the foreign exchange market.

UBA unveils Innovation Hub, Business Office at UNILAG

Kazeem Ugbodaga

2 weeks ago

Africa's Global Bank, United Bank for Africa (UBA) Plc, has deepened its longstanding relationship with the academic community and reaffirmed…

Nigerian Stock Market surges as investors pocket massive N905bn gain

Kazeem Ugbodaga

2 weeks ago

The Nigerian equities market extended its bullish run on Monday as investors gained N905 billion amid sustained buying interest in…

Fresh data reveals how Nigeria’s $51.86bn foreign debt Is distributed

Femi Fabunmi

2 weeks ago

Nigeria increased its borrowing from foreign lenders in 2025 as the Federal Government continued efforts to fund public projects, close…

Nigeria’s GDP grows by 3.89% in first quarter of 2026

Kazeem Ugbodaga

2 weeks ago

Nigeria’s Gross Domestic Product (GDP) grew by 3.89 per cent in real terms in the first quarter of 2026, reflecting…

What Happens to Your Crypto During a Fixed-Term Lock-Up Period?

Michael Adesina

2 weeks ago

During the term, the platform is responsible for the security and integrity of your deposited assets. Users cannot move, trade,…

Africa feels impact of global tensions as currencies weaken – UNCTAD

Femi Fabunmi

2 weeks ago

African currencies lost value after rising tensions involving the United States, Israel, and Iran affected global financial markets.

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