Tinubu Approves $1 Billion Overhaul of Nigeria’s Major Seaports to Boost Trade and Investment
President Bola Tinubu has approved a $1 billion comprehensive reconstruction of Nigeria’s major seaports — Apapa, Tin Can Island, Calabar,…
Category: Business
World Bank: Nigeria’s Economic Reforms Stabilised Economy but Deepened Poverty, 139 Million Now Living in Poverty
The World Bank has commended Nigeria for stabilising its economy through recent reforms, but warned that the benefits have yet…
Nigerian Equities Market Extends Bullish Run as Investors Anticipate Strong Q3 Earnings
The Nigerian equities market continued its bullish momentum on Wednesday, driven by renewed investor optimism ahead of third-quarter earnings reports.…
Novo Nordisk Shares Fall as Pharma Giant Announces $4.7 Billion U.S. Biotech Acquisition
Shares of Danish pharmaceutical leader Novo Nordisk slid by 2.4% on Thursday following its announcement to acquire U.S. biotech firm…
Over ₦120 Billion in SEC-Registered Investment Funds Remain Idle in Nigeria’s Capital Market (Q4 2024)
Nigeria’s investment ecosystem continues to grapple with idle capital, as fresh data from the Securities and Exchange Commission (SEC) reveal…
VFD Group, Norrenberger Finalize ₦50.67 Billion Rights Issue to Boost Expansion and Cut Debt
VFD Group Plc has officially signed a ₦50.67 billion rights issue agreement with Lead Issuing House, Norrenberger Limited, marking a…
Nigeria’s PMI Hits 54.0 in September 2025, Signaling 10th Month of Economic Growth
Nigeria’s economy continued its steady recovery in September 2025, with the Purchasing Managers’ Index (PMI) climbing to 54.0 points, up…
Meta Agrees to $32.8M Settlement with Nigeria Over Data Privacy Breach
Meta Platforms Inc., the parent company of Facebook and Instagram, has agreed to pay $32.8 million to Nigeria’s Data Protection…
FirstBank Pledges to Bridge Financing Gaps and Drive SME Growth with Digital Solutions
FirstBank Group has reaffirmed its commitment to bridging financial gaps and leveraging digital solutions to tackle business challenges in Nigeria,…
Nigerian Telecom Subscribers Decry Poor Network Quality Months After 50% Tariff Hike
Months after the Nigerian Communications Commission (NCC) approved a 50% tariff hike for telecom operators, millions of mobile subscribers across…
Dubai Opens World’s Largest Tech Expo as GITEX GLOBAL 2025 Unites 8,800 Innovators from 180 Nations
Dubai is once again at the center of global innovation as it hosts GITEX GLOBAL 2025, the world’s largest technology…
VivaJets Expands into Africa’s Oil Sector with $21 Million Investment to Boost Energy Logistics
VivaJets, one of Africa’s fastest-growing business aviation firms, is deepening its footprint in the continent’s oil and gas industry through…
DisCos’ Revenue Hits ₦564.7 Billion in Q2 2025 as NERC Reports Steady Growth in Collection Efficiency
Nigeria’s electricity distribution companies (DisCos) posted a significant boost in revenue for the second quarter of 2025, collecting a total…
Bauchi Government Reaffirms Commitment to Sustaining Investor-Friendly Economic Frameworks
The Bauchi State Government has reiterated its commitment to sustaining all economic frameworks and investor incentives introduced through its landmark…
Nigerian Agric-SMEs Seek Growth and Sustainable Funding at EDC-AGRA Forum in Lagos
Small and medium enterprises (SMEs) in Nigeria’s agricultural sector are exploring new pathways for growth, funding, and business expansion following…
CBN Introduces New Agent Banking Guidelines to Boost Financial Inclusion and Service Efficiency in Nigeria
The Central Bank of Nigeria (CBN) has unveiled fresh operational guidelines for agent banking, set to take effect on April…
CBN Reaffirms Commitment to Price and Monetary Stability, Says Policies Are Delivering Results
The Central Bank of Nigeria (CBN) has restated its commitment to restoring and maintaining price and monetary stability across the…
Nigeria’s Non-Interest Capital Market Surges to ₦1.6 Trillion — SEC Highlights Investor Confidence in Ethical Finance
Nigeria’s non-interest capital market has reached a major milestone, hitting a valuation of ₦1.6 trillion, according to the Securities and…
Tinubu Seeks Lawmakers’ Approval to Raise $2.8 Billion from Global Capital Markets, Refinance Eurobonds
President Bola Tinubu has formally asked the National Assembly to approve Nigeria’s plan to raise $2.847 billion from the international…
European Steel Stocks Surge as EU Plans to Halve Tariff-Free Import Quotas
European markets climbed on Wednesday as investors reacted positively to the European Union’s proposal to slash tariff-free import quotas on…
Nigerian Stock Market Gains N92bn as Insurance Stocks Lead Bullish Run on NGX
The Nigerian Exchange Limited (NGX) extended its bullish momentum on Tuesday, adding ₦92 billion to market capitalisation as investors renewed…
OpenAI Unveils GPT-5 Pro, Sora 2, and Voice AI Upgrades to Empower Developers at Dev Day 2025
OpenAI has rolled out a suite of powerful new models and developer tools at its annual Dev Day 2025, signaling…
Importers Face Rising Costs as U.S. Tariffs on Chinese-Built Ships Add $3.2 Billion to Global Freight Charges
Importers around the world, including Nigeria, are bracing for higher shipping and clearing costs as the United States introduces new…
UBA Celebrates 2025 Customer Service Week with Focus on Innovation and Customer Empowerment
The United Bank for Africa (UBA) Plc has kicked off its 2025 Customer Service Week, joining organizations worldwide to celebrate…
Nigerians Gain Access to US Stocks and ETFs Through Bitget’s Real-World Assets Platform
For years, Nigerian traders have faced barriers to investing in global markets. While many were familiar with big names like…
CBN Bars Loan Defaulters and Blacklisted BVNs from Operating PoS Terminals in Nigeria
The Central Bank of Nigeria (CBN) has introduced stringent new rules that disqualify individuals with bad debts, blacklisted Bank Verification…
NNPC Blames Cooking Gas Price Hike on PENGASSAN Strike Disruption
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC), Mr. Bayo Ojulari, has attributed the recent…
PENGASSAN and NUPENG Urged to Build Private Refinery Using Members’ Check-Off Dues Amid Dangote Dispute
The Stand-Up South South Security Group has called on Nigeria’s petroleum labor unions, the Petroleum and Natural Gas Senior Staff…
Private Sector Pensions Rise as Job Adverts Fall in Ghana: Insights from SSNIT and BoG Reports
Ghana’s formal private sector saw a slight increase in pension contributions, signaling gradual growth in formal employment. According to the…
CBN Imposes N5 Million Fine on Illegal Agent Banking Activities, Strengthens Oversight Rules
The Central Bank of Nigeria (CBN) has stepped up enforcement against illegal agent banking activities, introducing hefty fines for breaches…