Business

DMO Unveils September 2025 FGN Savings Bonds

“The subscription window for the bonds opened on September 1, 2025, and will close on September 5, 2025” The Debt Management Office (DMO)...

From Boardroom to Grassroots: How Tony Elumelu Is Redefining Leadership and Lifting Millions Out of Poverty

In a world searching for models of transformational leadership, few names resonate as powerfully as Tony Elumelu, the Chairman of United Bank for...

Forbes Billionaires List: Dangote, Otedola, Adenuga, Abdulsamad Put Nigeria on the Map

Nigeria now has four tycoons on Forbes’ prestigious Real-Time Billionaires List, cementing their status among the world’s wealthiest individuals. The ranking, which was...

Breaking: Nigeria’s Foreign Exchange Reserves Surge to $41bln, Highest in 3 years

Nigeria’s foreign exchange reserves have surged to $41.00 billion, the highest in 44 months, according to figures published by the Central Bank of...

DMO Announces N200bln Bond Auction in August 2025

The Debt Management Office (DMO) has announced the offering of N200 billion in bonds subscription by auction in August 2025, as part of...

FirstBank Agric Expo Spotlights Nigeria’s Unsustainable $10bln Food Import Bill

Agriculture and Food Security Minister Abubakar Kyari has disclosed that Nigeria spends a whopping annual $10 billion on food import, describing it as...

Naira Falls to Dollar, Rises Against Pound and Euro in Mixed Forex Performance

The Nigerian naira depreciated by N1.68/$ and 0.1% against the US dollar, settling at N1,535.9/$ compared to N1,534.29/$ at the previous market close....

FirstBank Champions Inclusive Fintech Innovation at Canada-Africa Fintech Summit 2025

FirstBank showcased its fintech expertise and reaffirmed its commitment to promoting inclusive financial innovation at the Canada-Africa Fintech Summit (CAFS 2025). The bank...

Africa Must Own Its Development to Bridge Infrastructure, Energy Deficits, Invest in Youths – Elumelu

Tony Elumelu, Group Chairman of UBA Group and founder of the Tony Elumelu Foundation, has restated that Africa must take ownership of its...

Nigeria’s Energy Future: AfDB Disburses $500m for Sustainable Transition

The African Development Bank (AfDB) has announced that it has disbursed $500 million to support Nigeria’s energy transition programme. Dr. Abdul Kamara, Director-General...

FirstBank Retains Top Spot as Nigeria’s Best Bank for ESG At 2025 Euromoney Awards

FirstBank, the West African premier financial institution and financial inclusion services provider, has emerged as Nigeria’s Best Bank for Environmental, Social, and Governance...

H1 2025: Transcorp Power Posts ₦77.6bn Profit, ₦11.25bn Dividend

Transcorp Power Plc (“Transcorp Power” or the “Company”), (NGX: TRANSPOWER), one of the power subsidiaries of Nigeria’s leading listed conglomerate, Transnational Corporation Plc...

Aliko Dangote Bows Out: New Chairman Appointed for Dangote Cement

Aliko Dangote, the founder of Dangote Cement Plc, has retired as Chairman and Director of the Board, effective today, July 25, 2025. The...

CBN Retains Interest Rate at 27.5% Amid Global Uncertainties

The Central Bank of Nigeria (CBN) has retained its benchmark interest rate, the Monetary Policy Rate (MPR), at 27.5 percent, citing underlying pressure...

Nigeria’s Inflation Rate Declines for Third Consecutive Month to 22.22% in June 2025

Nigeria’s headline inflation rate has eased for the third consecutive month, declining to 22.22% in June 2025 from 22.97% in May. According to...

UBA Seeks to Raise N157bln through Rights Issue

United Bank for Africa Plc has announced plans to raise over N157 billion through a rights issue, according to a notice on Wednesday...