Business

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...

Tinubu Smashes Optasia’s 12-Year Stranglehold on Nigeria’s N3trn Airtime Credit Market

President Bola Ahmed Tinubu has moved decisively to dismantle South African firm Optasia’s 12-year dominance of Nigeria’s lucrative airtime credit lending and data...

Nigeria’s Capital Inflows Surge 84% to $10.37bn in Q1 2026

By Samuel Akpan Nigeria attracted $10.37 billion in foreign capital in Q1 2026, marking an 83.83 percent increase from $5.64 billion a year...

Tony Elumelu: How an Eight-Year Struggle Built a Two-Million-Customer Insurance Giant

Business mogul and Chairman of Heirs Holdings, Tony Elumelu, has reflected on the remarkable rise of Heirs Insurance Group, describing its journey from...

FirstMobile: How to Install and Register for FirstBank’s Mobile App

Picture this: it is payday, and you need to transfer money to a loved one or pay a utility bill. In the past,...

Beyond Colonialism: Tony Elumelu Pushes for Global Investment in Africa

Nigerian business tycoon Tony Elumelu has urged Africans to warmly welcome investors from every corner of the world and finally move beyond colonial-era...

Transcorp Hits ₦20.3bln Dividend Milestone at 20th AGM, Stakeholders Excited

Transnational Corporation Plc (Transcorp Group), a premier African conglomerate with core interests in energy, power, and hospitality, has announced a total dividend payout...