Business

Airtel Africa has sealed a deal with SpaceX to roll out Starlink’s high-speed satellite internet across nine of its 14 African markets. The move is to supercharge connectivity in rural areas, the operator said in a…

... N9.4trn FX revaluation loss wipes out operating gains ... Liquidity management costs N3trn The Central Bank of Nigeria…

President of Dangote Group, Aliko Dangote has praised President Bola Ahmed Tinubu for assembling a capable leadership team at the NNPC, highlighting the…

IN a bid to strengthen Nigeria’s domestic economy and promote local content, President Bola Tinubu has initiated a policy that bars the Ministries, Departments and Agencies, MDAs, from procuring foreign goods…

THE naira yesterday appreciated to N1, 600 per dollar in the parallel market from N1,610 per dollar last weekend. Similarly, the Naira recorded slight appreciation to N1,605 per dollar in the Nigerian Foreign Exchange…

The Federal Ministry of Art, Culture, Tourism, and Creative Economy has announced the introduction of the Creative Economy Development Fund which is tailored to roll out loan opportunities for creatives. In a statement by…

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…