Business

Foreign investments into the Nigerian economy soared to its highest in at least two years on favourable returns buoyed by the Central Bank of Nigeria (CBN)’s jumbo rate hikes targeted at luring capital. Capital…

A weakened consumer demand, escalating production costs and declining purchasing power pushed the value of unsold manufactured goods to N2.14 trillion in 2024 from about N1.142 trillion in 2023. This indicates…

The Nigerian National Petroleum Company (NNPC) Limited has reduced the pump price of premium motor spirit (PMS), also known as petrol,…

In a stellar financial performance for the fiscal year 2024, First Holdco, the parent company of First Bank and Nigeria’s oldest banking institution, has reported a profit after tax of N663.4 billion—its highest in…

…No sign of imminent disbursement, exact amount unknown –Shipowners lament …Call for audit of 22-year contributions…

Nigeria’s apex capital market regulator, Securities and Exchange Commission (SEC) has issued a stern warning to celebrities, social media influencers, and bloggers over the promotion of unregistered and…

Electricity consumers across the county owed the 11 electricity Distribution Companies (DisCos) N497.4bn debt in 2024, analysis of a quarter report produced by the Nigerian Electricity Regulatory Commission…

…We’re not sleeping –SEC Many did not see the heist coming. It looked so real and reliable, especially after early callers successfully cashed out. But the…

•How banks profited from lending in 12 months amid economic pressure Nine Nigerian banks raked in a combined interest income of N14.26tn in 2024, an analysis of the audited financial results of the financial…

Nigerian oil magnate Muhammadu Indimi’s family feud deepens as his eldest son files affidavit against sisters Ameena and Zara; two judges set for…

Some Lagos State foodstuff traders and consumers have expressed respite over the price stability of foodstuff during this year’s Easter celebration. They disclosed this in separate interviews with the News Agency…

U.S. President Donald Trump on Thursday signaled a potential end to the tit-for-tat tariff hikes between the U.S. and China that shocked markets, and that a deal over the fate of social media platform TikTok may have to…

TESSY IGOMU gives insight into the enthralling lives of Nigeria’s foremost Ponzi scheme gurus, their sudden enrichment, lavish lifestyles and exotic collections, while referencing a gripping life of pain and yearnings…

More details have emerged on how promoters of the fraudulent Ponzi scheme, Crypto Bridge Exchange, aka CBEX, convinced hundreds of thousands of investors to put money into the trading platform. CBEX, a digital…

Over 27 people are reportedly receiving treatment in various hospitals after digital asset trading platform CBEX crashed earlier this week. Nigerians who invested in CBEX continue to bemoan their losses after…

Hopes of a swift drop in the retail price of petrol were dashed yesterday as Dangote’s key fuel retail partners- MRS, AP, Heyden and three others, failed to implement a renewed deal of N890 per litre petrol price.…

Nigeria’s broad money supply (M3) surged to an all-time high of N114.2 trillion in March 2025, defying the Central Bank of Nigeria’s (CBN) ongoing monetary tightening efforts aimed at reining in inflation. M3, which…

The Central Bank of Nigeria (CBN) will soon begin sending secret shoppers to check if bureau de change (BDC) outlets are following the rules against money laundering and terrorism financing. This announcement…

The Chairman, House of Representatives Committee on Banking and Ancillary Institutions, Eze Nwachukwu Eze, has said the committee remains fully committed to…

French luxury group Hermes said Thursday it would hike its prices in the United States to offset the impact of 10-percent import tariffs imposed by President Donald…

The wave of asset divestment by international oil companies in Nigeria that started in 2022 has seen several local operators ramp up their…

The Federal Government of Nigeria has consoled Nigerians who invested their money into CBEX, the digital investment platform which collapsed early this week. Taiwo Oyedele, the chairman of the Presidential Fiscal…

The naira yesterday depreciated to N1, 620 per dollar in the parallel market from N1,618 per dollar on Tuesday. But, the Naira appreciated to N1,599 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data…

…My wife pushed me into it, victim recounts ordeal …I lost over $7,000, says another victim Irate investors in the early hours of yesterday stormed the office of Crypto Bridge Exchange Smart-Treasures, widely known…