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Business
Equity Market Soars as Oil, Insurance Stocks Drive N1.18tn Rally
The Nigerian Exchange (NGX) witnessed a robust performance on Wednesday, marking a major rebound with the market…
Intel Bolsters Leadership with Key Engineering Hires Under CEO Tan’s Turnaround…
Intel has announced the hiring of three prominent executives from the chip industry as part of CEO Lip-Bu Tan’s…
CBN Introduces Targeted Measures for Select Banks Amid Sector Reform
The Central Bank of Nigeria (CBN) has issued new transitional guidelines targeted at a select number of banks as…
USSD Now Costs ₦6.98 per 2 Minutes as Direct User Billing Begins Nationwide
Starting June 18, 2025, Nigerians using USSD codes for mobile banking and other digital transactions will now pay…
CBN Sells N7.9 Trillion in Treasury Bills, Rejects N12.2 Trillion in Bids Amid…
In a move reflecting rising investor appetite for naira-denominated assets amid persistent inflation, the Central…
NGX Sheds N183bn as Blue-Chip Stocks Tumble Amid Bearish Sentiment
The Nigerian Exchange Limited (NGX) suffered a significant blow on Tuesday, losing N183 billion in market value as…
Elon Musk’s xAI Nears $5 Billion Debt Raise Despite Tepid Investor Interest
Elon Musk’s artificial intelligence startup, xAI, is on course to secure $5 billion in fresh debt financing led by…
Nigeria Imports N1.2tn Worth of Crude Despite Being Africa’s Top Oil Producer
Nigeria, despite being Africa's largest oil producer, imported crude oil worth N1.19 trillion in the first quarter…
FCMB Reassures Shareholders of Dividends Amid CBN’s New Banking Restrictions
FCMB Group Plc has moved to allay shareholder concerns following a new directive from the Central Bank of Nigeria…
CBN Dividend Suspension Triggers Sharp Decline in Banking Stocks
The Nigerian banking sector faced a significant downturn following the Central Bank of Nigeria’s (CBN) recent…
Edun, Cardoso Strategize as Nigeria’s Inflation Drops to 22.97%
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, met with Central Bank Governor Yemi…
Cedi Gains Offer Little Relief Without Inflation Tamed, Says Blue Skies…
Anthony Pile, founder of leading fruit exporter Blue Skies Company Ltd., has raised concerns that Ghana’s recent…
CBN Dividend Ban Triggers Sharp Decline in Bank Stocks on NGX
Bank stocks on the Nigerian Exchange (NGX) suffered significant losses on Monday, June 16, 2025, after the Central…
Israel-Iran Conflict Threatens Nigerian Economy with Investment Risks and Rising…
The Centre for the Promotion of Private Enterprise (CPPE) has warned that the escalating conflict between Israel…
OpenAI Considers Antitrust Action Against Microsoft Amid Partnership Tensions
OpenAI executives are weighing whether to accuse Microsoft, their largest investor, of anticompetitive practices,…
Nigerian Breweries Bounces Back: Q1 2025 Profits Signal Strong Recovery, Spark…
Nigerian Breweries Plc has earned praise from financial stakeholders following its impressive Q1 2025 financial…
CBN Crackdown on Forbearance Exposes FirstHoldco, Others to Billions in Loan Risks
The Central Bank of Nigeria (CBN) has taken a firm stance by reverting to orthodox monetary policy, enforcing…
U.S. Backs Investment Push in Lagos Free Zone, Eyes Stronger Economic Ties with…
The United States has reaffirmed its commitment to supporting foreign direct investment in Nigeria, particularly…
SEC Charts Path for Cross-Border Trade with Naira-Backed Stablecoin Framework
The Securities and Exchange Commission (SEC) of Nigeria has unveiled plans to develop a regulatory framework for…
CBN’s $4.01bn Forbearance Loans Under Review as Nigeria Plans Gradual Phase-Out
A new report by Renaissance Capital Africa has revealed that the Central Bank of Nigeria (CBN) extended a total of…
NGX, SEC Strengthen Ties with China to Boost Cross-Border Capital Market…
The Nigerian Exchange Group (NGX) and the Securities and Exchange Commission (SEC) are intensifying efforts to…
Blue Skies Ltd Urges Government Crackdown on Illegal Sand Winning Threatening…
Anthony Pile, the founder of Blue Skies Ltd, a leading agribusiness exporter in Ghana, has called on the…
Microsoft Commits to Keeping European Cloud Data Within EU Borders
Microsoft has announced a comprehensive plan to protect the data of its European cloud customers by ensuring all…
Nigerian Equities Gain N513bn in 3-Day Trading Amid Bullish Investor Sentiment
Despite a shortened trading week due to public holidays marking Eid-el-Kabir and Democracy Day, the Nigerian…
Ibukun Awosika Unveils African Marketplace Dubai 2025 to Boost Global Trade for…
In a bold move to showcase Africa and the Caribbean's finest export-ready businesses, Ibukun Awosika has announced…
Nigeria’s Crude Export Earnings Drop to N12.96tn Amid Refining Setbacks and…
Nigeria’s crude oil export earnings fell to N12.96 trillion in the first quarter of 2025, representing a 16.34%…
Meta Appoints Arun Srinivas as India Head Amid Regulatory Scrutiny
Meta Platforms has named Arun Srinivas as its new Managing Director and Head for India, with the appointment…
CBN Halts Dividends for Banks Under Forbearance to Strengthen Capital Base
The Central Bank of Nigeria (CBN) has ordered banks operating under regulatory forbearance to suspend the payment…
DevSecFlow Launches AI-Powered Cybersecurity Platform to Fortify Nigeria’s Fintech…
DevSecFlow, a cybersecurity firm, has launched an advanced security operations platform called SECOYA, aimed at…
Afreximbank Projects $44 Billion in Trade Deals at IATF 2025 in Bold Push for…
The African Export-Import Bank (Afreximbank) is forecasting over US$44 billion in trade and investment agreements…