Business

From Crisis to Recovery: How the CBN’s “Bold Reset” Reshaped Nigeria’s 2026 Economy

The Central Bank of Nigeria (CBN) is charting a measured path to economic recovery, crediting its sweeping monetary and banking overhaul with driving...

FirstBank Empowers SMEs with AI-Driven Growth Strategies, Hosts SMEConnect Webinar

FirstBank, West Africa’s premier financial institution and financial inclusion services provider, has announced the upcoming edition of the SMEConnect Webinar scheduled to hold...

Tony Elumelu Foundation disburses $100m to 24,000 young African entrepreneurs

The Tony Elumelu Foundation (TEF) has deployed $100 million in seed capital to empower 24,000 young entrepreneurs across all 54 African nations since...

Tinubu Salutes Elumelu as Beacon of African Enterprise on Eve of Birthday

President Bola Tinubu has extended his warmest birthday greetings to Tony Onyemaechi Elumelu, the renowned economist, banker, and philanthropist, ahead of his birthday...

Nigeria’s Headline Inflation Eases Slightly to 15.06% in February 2026 – NBS

Nigeria’s annual inflation rate moderated slightly in February 2026, dipping to 15.06% from the 15.1% recorded in January. According to the National Bureau...

CBN Revises BVN Framework, Introduces New Compliance Measures

The Central Bank of Nigeria (CBN) has introduced new provisions to the revised regulatory framework governing the Bank Verification Number (BVN) operations and...

CBN Cracks Down on Large Loan Defaulters with New Credit Restrictions

The Central Bank of Nigeria (CBN) has directed financial institutions across the country to restrict banking services for borrowers carrying large non-performing loans....

Driving AfCFTA: Nigeria eyes $50bln In Trade Deals as 2027 IATF host

Nigeria has formally signed the host country agreement for the fifth edition of the Intra-African Trade Fair “IATF 2027”, positioning Lagos to host...

Just In: Dangote Refinery Raises Petrol Price to N995 as Global Crude Soars

The Dangote Petroleum Refinery has adjusted its Premium Motor Spirit (PMS) gantry price upward to N995 per litre, marking a significant N221 increase...

Streaming Shake-Up: MultiChoice to Retire Showmax in Digital Realignment

After an illustrious eleven-year run, MultiChoice has announced the imminent sunset of its premier streaming service, Showmax. The decision, broadcast to a vast...

Dangote Refinery Hikes Petrol Price to N875

Petrol prices at the Dangote Refinery have jumped to N875 per litre, a significant N101 increase from the previous N774 rate. This move,...

Dangote Refinery Poised to Deliver 60-65 Million Litres of Petrol Daily

Nigeria’s energy landscape is shifting as the Dangote Petroleum Refinery prepares to supply 60 to 65 million litres of petrol (PMS) daily—enough to...

Breaking: CBN Cuts Interest Rate to 26.5%

Nigeria’s apex bank has lowered its benchmark Monetary Policy Rate by half a percentage point, bringing it down from 27 per cent to...

Stablecoins, Digital Payments Threaten FX Stability, Says CBN

Nigeria’s Central Bank has warned that the rapid expansion of private digital payments and stablecoins could destabilize foreign exchange markets and trigger significant...

Billionaire Surge: Abdulsamad Rabiu’s Wealth Rockets to $12.3bln

Billionaire industrialist Abdulsamad Rabiu saw his net worth surge to an estimated $12.3 billion by February 18, 2026, driven by a wave of...

Tony Elumelu Meets Tinubu, Declares Nigeria’s Dollar Scarcity, FX Issues totally sorted

United Bank for Africa (UBA) Chairman Tony Elumelu has declared that Nigeria’s foreign exchange challenges are now a thing of the past. Speaking...