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Business
Inflationary pressures hamper business operations in November
The continued rise in inflation has significantly impacted business operations in Nigeria, leading to stagnation…
NECA Applauds Fiscal, Monetary Authorities Broader Push To Stabilise Naira,…
The Nigeria Employers' Consultative Association (NECA) has commended the Federal Government's recent issuance of a…
Chukwu Calls for Tech Adoption in Nigerian Banks’ Recapitalisation to Boost…
Johnson Chukwu, Group Managing Director of Cowry Assets Management Limited, has urged the Central Bank of Nigeria…
Equity market reverses gain with N63bn loss
The Nigerian equity market started the week on a downturn, losing N63bn in market capitalization as the total…
As the naira soars, ABCON urges CBN to tighten the noose on speculators
The naira has experienced a dramatic surge, rising 8.9% in one week, as it rallied from N1,672 to N1,535 per…
Equities market rises, investors pocket N426bn
The Nigerian equities market ended the week with a notable gain, as investors earned N426.69 billion due to…
Coronation Joins AFIS as Gold Sponsor, Championing Innovation in African Finance
Coronation Group has announced its role as a Gold Sponsor at the Africa Financial Summit (AFIS), set to take place…
PalmPay Partners with NFIU to Boost Financial Security in Nigeria
PalmPay, a leading Nigerian fintech company, has reaffirmed its commitment to tackling financial fraud through…
Banks’ Recapitalisation, New Listings Boost NGX Market Cap by N8.1tn
In 2024, the Nigerian Exchange Limited (NGX) saw a remarkable surge of N8.1 trillion in its market capitalization,…
Data expose gaps in Nigeria’s $1trn GDP target
Recent data from Nigeria’s National Bureau of Statistics (NBS) reveals a significant drop in the country’s GDP in…
Marketers Begin Direct Loading From Dangote Refinery
Independent Petroleum Marketers Association of Nigeria (IPMAN) has commenced direct premium Motor Spirit (PMS)…
Naira Sees Massive Recovery Amid New Forex System
The Nigerian Naira has experienced significant appreciation across all foreign exchange markets following the…
FirstBank unveils entertainment hub
FirstBank has launched Bluu TV, a new entertainment hub designed to support Nigeria's creative arts sector, as…
Organised Private Sector (OPS) urges sustenance as naira gains N137/$
The naira strengthened significantly against the dollar, gaining N137 within a week following the Central Bank of…
Cardoso’s first year sees naira rally amid stubborn inflation
In his first year as Central Bank of Nigeria (CBN) governor, Olayemi Cardoso implemented significant monetary…
Customs integrates 23 Banks for seamless duty payments on B’Odogwu Platform
The Nigeria Customs Service (NCS) has introduced the B’Odogwu Information and Communication Technology (ICT)…
EFEMS, Eurobond issuance bolster FX reserves, Naira stability
The Central Bank of Nigeria (CBN) has taken significant steps to stabilize the foreign exchange (FX) market,…
Inflation and Rising Raw Material Costs Challenge Confidence in Food, Beverage,…
The Nigerian manufacturing sector is facing significant challenges, including inflation, high raw material costs,…
Foreign investments in telecoms crash by $99m – NBS
Foreign investments in Nigeria's telecommunications sector dropped significantly in the third quarter of 2024,…
Nigerians Frustrated by NIN Modification Failures as Banks and NIMC Shift Blame
Nigerians face significant challenges with the National Identity Number (NIN) modification process, which has…
WAPCO, Seplat, and Access Holdings boost stock market to N59.5trn
The Nigerian equities market closed last week with a bullish performance, as gains from Wapco, Seplat, and Access…
FCMB Group Plc Reports 67% Profit Before Tax Growth to ₦91.8 Billion
FCMB Group Plc has announced a 67% growth in Profit Before Tax (PBT) to ₦91.8 billion for the nine months…
FCMB begins cash rewards for customers
First City Monument Bank (FCMB) has launched the 10th edition of its "Millionaire Promo," a nationwide campaign to…
Public Private Partnership (PPP) Assets To Get Insurance Cover As From Next Year
The Infrastructure Concession Regulatory Commission (ICRC), in collaboration with the National Insurance…
Africa Energy Bank rakes in $2.5bn, to commence operations March 2025
The Africa Energy Bank (AEB), a $5 billion initiative spearheaded by the Africa Petroleum Producers Organisation…
Zenith Bank’s path to sustainable growth
Zenith Bank, Nigeria’s largest and most profitable financial institution, exemplifies a commitment to sustainable…
Polaris Bank and Amtis Skills Place Empower Young Designers Through Fashion…
Polaris Bank partnered with Amtis Skills Place to host the 2024 Amtis Fashion Competition, a platform aimed at…
CBN directs banks to make cash available to customers
The Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMBs) to prioritize cash disbursement to…
Nigerian Banks Record N6.5 Trillion Loan Income Amid Rising Interest Rates
Amid a steep rise in the Central Bank of Nigeria's (CBN) Monetary Policy Rate (MPR), Nigerian banks generated N6.5…
NAICOM and ICRC partner on insurance for assets under PPP
The National Insurance Commission (NAICOM) and the Infrastructure Concession Regulatory Commission (ICRC) have…