Business

Dangote Opens Historic IPO, Warns Against Missing the Train

By Samuel Akpan Aliko Dangote launched Africa’s largest public share sale on Monday, offering everyday Nigerians an ownership stake in his Lagos oil...

Dangote Refinery Hikes Fuel Price to N1,350 in Repeated Monthly Adjustments

Dangote Petroleum Refinery raised its premium motor spirit (petrol) wholesale price to N1,350 per litre on Saturday, September 12, 2026, up from N1,265....

Ordinary Nigerians Will Feel Reform Gains Soon, CBN Assures

Nigerians will soon feel better economic numbers in their pockets, CBN Governor Olayemi Cardoso has assured. He gave the assurance on Tuesday at...

Nigeria’s Top Insurer NICON Stripped of License in Receiver Takeover

The National Insurance Commission (NAICOM) has formally revoked the operating licence (RIC-049) of Nigeria’s largest insurer, the National Insurance Corporation of Nigeria (NICON)....

Afriland Properties Appoints Ayobami-Ojo to Board After Transformative Tenure at NNPC Properties

Afriland Properties Plc has appointed Iyabode Olayemi Ayobami-Ojo as an Independent Non-Executive Director, bringing to its Board a seasoned executive widely recognised for...

From the Pulpit to the Boardroom: Pastor Jerry Eze Joins Heirs Life Board

Heirs Life Assurance has appointed Pastor Jerry Eze, one of Africa’s most influential religious leaders, as an independent nonexecutive director, the company announced...

Fuel Subsidy Savings Channeled to Minimum Wage, Debt, and Loans, Says Finance Minister Oyedele

Savings realized from Nigeria’s petrol subsidy removal are being channeled into national debt servicing, the new minimum wage, student loan financing, and key...

US Imposes 12.5% Import Duty on Nigerian Goods

A new measure from the Office of the United States Trade Representative penalizes 60 trading partners—including Nigeria—with a 12.5% import duty due to...

Breaking: CBN Holds Benchmark Rate at 26.5% Amid Slight Inflation Drop

By Samuel Akpan Nigeria’s Central Bank has kept its benchmark interest rate steady at 26.5 per cent for the second time in a...

Access Bank to Host Maiden MSME Conference, Launches SME App

Access Bank is set to host the maiden edition of its MSME Conference on Friday, July 24, 2026, at its Head Office in...

CBN Warns Against Rejecting Standard N100 Banknote

By Samuel Akpan The Central Bank of Nigeria (CBN) has cautioned Nigerians against rejecting the standard N100 banknote, declaring it legal tender and...

After impactful 12-year tenure, Tony Elumelu Steps Down as UBA Chairman, Nnorom Steps In

Tony O. Elumelu, United Bank for Africa (UBA) Plc Group Chairman, will retire from the Board of Directors on August 21, 2026, after...

Capital market key to translating economic reforms into household prosperity – CMAN

By Maryanne Awuya The Capital Market Academics of Nigeria (CMAN) has said Nigeria’s capital market must play a central role in translating nation’s...

CBN Orders Banks to Freeze Terrorism Financing Accounts

By Samuel Akpan The Central Bank of Nigeria (CBN) has ordered all banks and financial institutions to immediately freeze accounts linked to terrorism...

Nigeria’s BOP Surplus Drops to $2.38bln in Q1 2026

By Samuel Akpan Nigeria posted a balance of payments surplus of $2.38 billion in the first quarter of 2026, lower than the $2.67...

Fostering Greener Future: UBA Foundation Plants Trees in Iconic Lagos Schools for World Environment Day

To mark World Environment Day 2026, the UBA Foundation the corporate social responsibility arm of United Bank for Africa Group launched its 2026...