Business

70% shareholding held by apex bank, says financial statement • Initiative is stillborn, says…

Unprofessional practices by estate agents in major cities are significantly influencing the spike in rent and worsening the housing…

The continent faces a fresh blow; part of sweeping budget cuts proposed by the new Trump…

Nigeria is staring down the barrel of twin macroeconomic shocks as Brent crude prices plunge below $60 per barrel. This development could destabilize the country’s fragile exchange rate regime and widen an…

... Nigerians demand full probe In one month, Mele Kyari has moved from the…

The Central Bank of Nigeria spent N315.18bn on currency issue expenses in 2024, marking a sharp increase of 306 per cent compared to N77.67bn recorded in 2023, the apex bank’s audited financial statement for the…

The President of Dangote Group, Alhaji Aliko Dangote, says he is still fighting for the survival of his $20bn refinery, stressing that the fight is not yet finished. Dangote expressed optimism that he would win the…

The Minister of Power, Mr Adebayo Adelabu on Sunday said that a meeting has been scheduled between President Bola Tinubu and the leadership of…

…As gross earnings still on rising streak •Bad loans headache also rising•Their strengths, weaknesses As the monetary policy and macroeconomic environment evolve under the current Federal Government’s…

Zenith Bank Plc and nine other Deposit Money Banks (DMBs) commenced 2025 on a positive momentum, generating an estimated N1.83 trillion profit before tax in…

The Federal Competition and Consumer Protection Commission (FCCPC) has asked Meta Platforms Inc. to comply with Nigerian laws, stressing that the firm’s…

People in Nigeria may lose access to Facebook and Instagram after their parent company, Meta said it faced large fines and “unrealistic”…

The Central Bank of Nigeria (CBN) has released its 2024 audited financial statements, reporting a profit after tax of N38.8 billion, a rebound from the N1.15 trillion loss recorded in the 2023 financial year.…

The President of the African Development Bank (AfDB), Dr Akinwumi Adesina, has warned that Nigeria is facing a deeper economic regression than many realise, stating that with a current GDP per capita of just $824,…

Guaranty Trust Holding Company Plc (“GTCO” or the “Group”) has released its Unaudited Consolidated and Separate…

The Economic and Financial Crimes Commission (EFCC) has disclosed that full recovery of funds lost to the…

The Debt Management Office (DMO) faced less investor enthusiasm at the April bond auction as the market remained cautious over a…

The growing global demand for ‘chilli’ and habanero peppers, combined with a supply shortage, has created an opportunity for investors…

Telecommunication operators are set to invest N1.59 trillion ($1 billion) in network expansion in 2025 as they look to strengthen their capabilities to halt…

The landing cost of Premium Motor Spirit (petrol) has now averaged N870 per litre, reports by the Major Energies Marketers Association of Nigeria have shown. This is even as the price offered by the Dangote…

Despite the alleged N1.2tn digital trading fraud that reportedly affected over 600,000 Nigerians, the embattled Crypto Bridge Exchange trading platform, accused of these acts, has resumed operations, announcing fresh…

Nestle Nigeria Plc has continued its recovery path, reporting a pre-tax profit of N51.15 billion in Q1 2025, marking a strong rebound from the N196.086 billion loss posted in the same period of 2024. This follows a…

The Central Bank of Nigeria (CBN) raised a total of N804.85 billion at its Open Market Operations (OMO) auction held on Monday, April 29, 2025, as investors continue to show a strong appetite for high-yield securities amid…

Two separate Oyo State High Court sittings in Ibadan have convicted and sentenced Olaniyan Gbenga Amos to years in jail over a N1 billion investment fraud. This is according to a statement by the Economic and Financial…