Business

Investors across the globe are swooping on Nigerian assets as the impact of the Central Bank of Nigeria (CBN) reforms in the financial sector spreads to key sectors of the economy. Nigeria is finally getting a…

Importers of Premium Motor Spirit (petrol) may lose an average of N2.5bn daily and N75bn monthly following the latest PMS price reduction announced by the Dangote Petroleum Refinery. Findings by The Punch revealed…

The migration of affluent individuals and politicians from Lagos to Abuja has sparked the capital city’s real estate boom, driving prices of…

Dangote Petroleum Refinery and Petrochemicals has, again, announced a reduction in its ex-depot…

•Clearing agents threaten to withdraw services There are growing tensions among…

Nigeria’s foreign reserves have dropped by $2. 2 billion amid concerns of the central bank’s support for the Naira and the settlement of over $2…

Nigeria’s digital payments sector has grown rapidly for years, yet contactless payment—common in markets…

Money lost to fraud in Nigeria’s banking system has nearly tripled over the…

Naira has continued to strengthen in recent times on the back of foreign exchange reforms put in place by the Central Bank of Nigeria. While this has provided some relief for the business environment, there are…

Dangote Petroleum Refinery & Petrochemicals has slashed the price of Premium Motor Spirit (PMS), or petrol, for…

As part of its ongoing efforts to enhance the quality of life for households and empower women in underserved communities, GTCO PLC at…

The National Insurance Commission (NAICOM) has warned Nigerians about the National Cooperative Insurance Society (NCIS), describing it…

The Debt Management Office (DMO) said N1.63 trillion was raised in bids during its February 2025…

President Donald Trump announced on Tuesday that the US will sell a new “gold card” to wealthy foreigners. This card will give them the…

Licensed customs agents operating in the nation’s maritime domain have kicked against the 15 per cent hike in port charges by the Nigerian Ports Authority, as the NPA has revealed that the implementation of the…

Trading houses Vitol and Glencore will receive $380m in compensation after their gas supplier, trading firm Taleveras, won a legal battle in a London court against Nigeria’s sole liquefied natural gas producer…

The majority shareholder in Airtel Africa, Bharti Airtel, has acquired an additional 4.45 percent stake in Airtel Africa. This…

The naira has appreciated against the British pound sterling, euro, and Canadian dollar since the introduction of the Electronic Foreign Exchange Matching…

Singapore-listed Olam Group on Monday sold a 44.58 percent stake in its agricultural products business, Olam Agri, for $1.78 billion (S$2.35 billion) to Saudi Agricultural and Livestock Investment…

Naira’s rally in recent times hasn’t been solely due to direct interventions by the central bank. Bismarck Rewane, CEO of Financial Derivatives Company, in an interview on Arise TV Monday evening, showed new…

MultiChoice has announced an upward review of prices for its DStv and GOtv packages, set to take effect from March 1, 2025. In a statement issued to customers on Monday, the company explained that the…

The Nigeria Customs Service (NCS) has cancelled import declarations made during the initial implementation of the 4…

The Securities and Exchange Commission (SEC) says it has reduced the time required for companies to obtain approval for offers from one year to 14 days. In a statement on Monday, the commission said approvals…

Nigerian banks are seeking to raise nearly N2 trillion in a new round of capital raising as the banking sector’s recapitalisation heads into its final year. The fresh capital raising is expected to cluster…