SEC Warns Nigerians Against Fraudulent Firm Forsman & Bodenforms
The Securities and Exchange Commission (SEC) has issued a public warning about Forsman & Bodenforms Limited, stating that the company…
Category: Business
NACC Teams Up with Tech Summit to Boost Nigeria’s Digital Governance
The Nigerian American Chamber of Commerce (NACC) has partnered with the Nigeria eGovernment Summit 2025 to promote digital transformation in…
FCMB Empowers Over 3,000 Nigerians with Cash Prizes in Ongoing Millionaire Promo
First City Monument Bank (FCMB) has rewarded a total of 3,016 customers in the 10th season of its highly popular…
Naira Rallies to Four-Month High at ₦1,518/$ Amid Renewed CBN Interventions
The Nigerian naira recorded its strongest performance in four months on Monday, appreciating to ₦1,518/$ on the official market. This…
Banks Bite the Bullet as N156bn Impairment Charges Hit Q1 2025 Earnings
Eight Nigerian banks posted a total of N156bn in impairment charges on credit and financial assets during Q1 2025, reflecting…
Capital Market in Focus as Stockbrokers Strategize for Nigeria’s $1 Trillion Economy Goal
Stockbrokers under the Chartered Institute of Stockbrokers (CIS) are organizing a high-level workshop to explore the capital market’s role in…
NGX Raises ₦4.63 Trillion in H1 2025 as Digital Innovation Drives Market Expansion
The Nigerian Exchange Limited (NGX) facilitated capital raising worth ₦4.63 trillion in the first half of 2025, marking a significant…
AI Reshaping PR in Nigeria, But Human Touch Remains Vital – Anietie Udoh
Artificial Intelligence (AI) is increasingly transforming the public relations (PR) industry in Nigeria, according to Anietie Udoh, Divisional Director at…
Macroeconomic Boost, Declining Fixed Income Rates Fuel Nigerian Stock Market Rally
The Nigerian stock market sustained its bullish momentum last week, buoyed by favorable macroeconomic conditions and a continued decline in…
Experts, Labour Back Dangote: Say NNPC Refineries May Never Work Again
Organized labour, petroleum marketers, and energy experts have supported Aliko Dangote’s assertion that Nigeria’s state-owned refineries under the Nigerian National…
Digital assets fraud threatens capital market integrity – SEC DG
The Director General of Nigeria’s Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has raised an alarm over the increasing…
BRICS Tariff Threat: MAN Says US Action Could Spur Intra-African Trade, But Warns of Manufacturing Setback
The Manufacturers Association of Nigeria Export Promotion Group (MANEG) has weighed in on the United States’ proposed trade tariffs targeting…
Elon Musk Rejects Merger Between Tesla and xAI, Despite Investment Talks
Tesla CEO and tech billionaire Elon Musk has stated he does not support a merger between Tesla Inc. and his…
CBN Ends Capital Restoration Deadline, Banks to Adopt Stricter Lending as Recapitalisation Deepens
As the Central Bank of Nigeria’s (CBN) deadline for the Capital Restoration Plan expires today, banks are bracing for a…
Nigeria Eyes 25% Hike in OPEC Oil Quota by 2027 Amid Refinery Expansion, Says NNPC
Nigeria is preparing to formally request a 25% increase in its oil production quota from the Organisation of Petroleum Exporting…
Global Markets Dip as Trump Threatens New Tariffs on EU and Mexico
Wall Street and European share futures slipped slightly in early Asian trading on Monday after former U.S. President Donald Trump…
FCMB Receives Changemaker Award for Empowering Youth Through Enactus Nigeria Partnership
First City Monument Bank (FCMB) has been honoured with the Changemaker Collaboration Award by Enactus Nigeria in recognition of its…
IMBIL Telecom Earns Global ISO Certification, Boosting Nigeria’s ICT Reputation
IMBIL Telecom Solutions Nigeria Ltd has been awarded the prestigious ISO/IEC 27001:2022 certification for Information Security Management Systems (ISMS), highlighting…
Deposit Confidence Soars as Ghana’s Savings and Loans Sector Records 30.6% Asset Growth
Ghana’s savings and loans sector is experiencing a surge in public confidence, highlighted by a significant 39.4% year-on-year rise in…
NGX Gains 0.30% as NGX Group, Champion Breweries, C & I Leasing Lead Market Rally
Nigeria’s equities market recorded a 0.30% rise on Tuesday, July 8, 2025, marking its second consecutive positive trading session for…
European Telecoms Warn of ‘Re-Monopolisation’ as EU Proposes Softer Fixed Network Rules
A coalition of European telecommunications companies has voiced strong opposition to proposed European Union (EU) changes that would ease regulations…
Nigeria Deepens Economic Ties with Brazil as Finance Minister Edun Courts Investors at BRICS Forum
In a strategic move to boost Nigeria’s international investment appeal, Finance Minister and Coordinating Minister of the Economy, Mr. Wale…
Nigerian Equities Market Sustains Bullish Momentum with N212bn Gain
The Nigerian Exchange Limited (NGX) continued its upward trajectory on Wednesday, July 10, 2025, posting a significant gain of N212…
Nigerian Banks Race to Bridge ₦783bn Capital Gap as Stanbic IBTC Leads Recapitalisation Surge
The Nigerian banking sector’s capital shortfall has reduced to ₦783.4 billion following Stanbic IBTC Holdings’ successful recapitalisation. This move comes…
Meta Snaps Up Apple’s AI Star with $200M Package in Bold Superintelligence Push
Meta Platforms Inc. has made headlines by securing the services of Ruoming Pang, a former top AI engineer at Apple,…
Dangote Refinery Expands Fuel Export Reach to Southern Africa with Namibia Facility
The Dangote Petroleum Refinery is set to expand its export operations by constructing a fuel storage facility in Namibia with…
Nvidia Becomes First Company to Reach $4 Trillion Valuation Amid AI Boom
Nvidia made history on Wednesday by becoming the first publicly traded company to hit a market valuation of $4 trillion.…
Nigeria’s Economy Expands for 6th Straight Month as Agriculture Leads Growth – CBN Warns of Rising Cost Pressures
Nigeria’s economy has recorded its sixth consecutive month of expansion, according to the June 2025 Purchasing Managers’ Index (PMI) released…
Nigeria’s Foreign Reserves Projected to Reach $41bn by Year-End Amid Naira Gains
Nigeria’s external reserves could reach $41 billion by the end of 2025, driven by the continued appreciation of the naira…
OpenAI to Launch AI-Powered Web Browser, Targeting Google Chrome’s Dominance
OpenAI is preparing to launch a groundbreaking AI-powered web browser that will directly compete with Google Chrome, according to sources…