Business

AI Boom, Debt Surge Threaten Global Markets — Nigeria, Africa Face Potential Fallout

By Maryann Awuya The International Monetary Fund (IMF) has warned that a reversal in the artificial intelligence investment boom, rising government borrowing costs...

Just In: FG proposes N1,350 fuel price cap to ease economic hardship

To buffer pump prices against unstable crude oil costs and foreign exchange rates, the Federal Government plans to negotiate a ₦1,350-per-litre ceiling on...

‘Start Before You Are Ready’: Elumelu Challenges Young Africans to Turn Bold Ideas Into Success

Entrepreneur and philanthropist Mr. Tony Elumelu has urged young Africans to stop waiting for perfect conditions before pursuing their ambitions, saying the opportunity...

Elumelu’s Seplat Chairmanship: A New Chapter in Indigenous Capital and Energy Investment

In January 2027, Tony Elumelu is expected to take over as Chairman of Seplat Energy, succeeding retiring Chairman, Senator Udoma Udo Udoma. Elumelu...

Dangote Presses On With $16bIn Kenya Refinery After Court Order

By Samuel Akpan Dangote Group has declared that a Kenyan court directive over contested ancestral land will not derail the groundbreaking of its...

Breaking: CBN Slashes Interest Rate to 23% as Inflation Edges Lower

By Samuel Akpan Nigeria’s apex bank stunned markets Tuesday by slashing its benchmark interest rate to 23 percent up from 26.5 percent after...

Oyedele, Cardoso Sign Pact to Tame Inflation, Debt, Forex

By Samuel Akpan The Federal Government and the Central Bank of Nigeria (CBN) have locked fiscal and monetary policy into a binding coordination...

Nigeria, Spain Explore Agricultural Partnership To Boost Food Production, Cut Losses

By Omoyeni Ojeifo Nigeria’s drive to improve food security and create jobs for its growing youth population is pushing the government to seek...

Lagos Int’l Trade Fair Complex Reiterates Commitment to Fair Business Environment

The Lagos International Trade Fair Complex Management Board (LITFCMB) has reiterated its commitment to sustaining a fair and lawful business environment for both...

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...