Business

DESPITE a turbulent economic climate, Nigeria’s top executives saw a dramatic rise in earnings in 2024. The combined base salary of the country’s 10 highest-paid Chief Executive Officers (CEOs) surged by about 134…

The Nigerian National Petroleum Company Limited says it generated a total revenue of N4.571tn in June 2025, sustaining its upward earnings momentum as crude oil and gas production recorded notable increases, the…

Following the rebasing of Nigeria’s Gross Domestic (GDP) report, the National Bureau of Statistics (NBS) yesterday stated that Nigeria’s economy grew by 3.13 per cent in the first quarter of 2025 from the 2.27…

More states have announced plans to reduce electricity tariffs in their jurisdictions after the Enugu Electricity Regulatory Commission issued a new tariff order to MainPower Electricity Distribution Limited, revising…

Yinka Folarin, president of the National Association of Nigeria Travel Agents (NANTA), says foreign airlines are still selling tickets in dollars. Folarin spoke on Radio Mainland 98.3 FM on Saturday, addressing the…

Nigeria’s power generation companies have opposed the Enugu Electricity Regulatory Commission’s planned cut of Band A electricity tariffs, warning that the decision relies on questionable subsidy assumptions and poses…

Nigerian stocks have recorded their most impressive run under any civilian administration since 1999, as the market rallies sharply under President Bola Ahmed Tinubu. According to a Nairametrics analysis, the All-Share…

First HoldCo Plc has formally condemned recent media reports concerning a high-value block trade of its shares, labeling the coverage by Arise TV and ThisDay Newspaper as a “deliberate misrepresentation of facts”…

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has expressed concern over the inflationary implications of rising liquidity levels in the banking system, warning that increasing statutory…

The Enugu State Electricity Regulatory Commission (EERC) has approved a new electricity tariff for MainPower Electricity Distribution Limited, successor to the Enugu Electricity Distribution Company (EEDC), reducing…

Mixed reactions have trailed the assertion by foremost economist Bismark Rewane’s assertion of naira stability and that the economy is bouncing back amidst intervention by the Central Bank of Nigeria (CBN) to keep…

For prospective renters in Nigerian cities, especially Lagos, the struggles to get a house to live in are quite deep as there are many huddles on their way to achieving that. In recent time, a new dimension has been…

…As cost-of-living crisis persists despite improving macro indicators …Deepening rural poverty casts doubt on reform gains From the corridors of power in Abuja to the floors of international rating agencies,…

Less than 30 days to the commencement of the highly anticipated rollout of 4,000 Compressed Natural Gas trucks by the Dangote Refinery and Petrochemical Limited, industry stakeholders have signalled an alignment…

The Dangote Petroleum Refinery in Lagos is currently going through a modification process to upgrade it from 650,000 barrels per day to 700,000 barrels per day, Sunday PUNCH reports. The upgrade, which is to add another…

The Nigerian mutual fund industry maintained its robust growth trajectory in the first half of 2025, attracting a net inflow of N1.99 trillion within six months. This is according to data released by the Securities…

The First Prosecution Witness, PW1, in the trial of Halima Buba and Innocent Mbagwu on Friday, July 18, 2025 told Justice Emeka Nwite of the Federal High Court, Abuja that he received the sum of $12 million with the…

*Bank fails to disclose N129bn in statutory report to NGX, raising questions The Attorney General of the Federation (AGF) yesterday…

The price of land in Eko Atlantic, Lagos, has risen to over N2bn per plot, according to new findings in the third edition of the State of Lagos Housing Market report. This marks a sharp increase from the early 2000s,…

The naira continued its recent streak of relative stability, closing the gap between the official and parallel exchange markets. On Friday, the currency traded at N1,535 to the dollar in the parallel (black) market, just…

President of Nigeria, Mr Bola Ahmed Tinubu, has approved the appointment of Muhammad Babangida, the son of the former military President, as chairman of the revamped Bank of Agriculture. President Tinubu approved the…

In a major off-market transaction today, July 18, 2025, a total of 1,140,866,892 units of Fidelity Bank Plc shares were executed in nine negotiated deals, drawing attention across the capital market, as an official…

Femi Otedola, the Chairman of First Holdco has not increased his stakes in the company to 40 percent as being speculated, THISDAY…

First City Monument Bank (FCMB) and TotalEnergies Staff Housing Cooperative Multipurpose Society Ltd (TEHC) have partnered to finance and deliver Louisville Phase 1, a tower…