Business

Nigeria Exports Jump Over 25% as Ports Revenue Quadruples – NPA MD Dantsoho

By Samuel Akpan Nigeria’s non-oil exports have surged by more than 25 per cent in two years, powered by deliberate federal reforms that...

Cash Outside Banks Hits N4.92trn, Second Monthly Rise

By Samuel Akpan Nigerians continued to hold more physical cash beyond the banking system as currency outside banks jumped N48.73 billion to N4.92...

First HoldCo Shares Surge 10% After Strong Nine-Month Results

By Samuel Akpan First HoldCo Plc shares surged 10 percent on Friday, closing at ₦144.10 after the financial services group released its nine-month...

CBN Grants JP Morgan Approval for Nigeria Merchant Bank

By Samuel Akpan The Central Bank of Nigeria (CBN) has given JP Morgan approval-in-principle to set up a merchant bank, underscoring rising global...

$242m Petroleum Diversion Claim: UBA Takes On Vitol, Four Others, Secures Asset Freeze Against Vitol

United Bank for Africa Plc has secured an interim court order restraining dealings with Vitol SA’s assets and funds up to $242 million...

Fuel Subsidy Return Could Push Naira to ₦4,000 to a Dollar, Oyedele Warns

By Maryanne Awuya Minister of Finance and Coordinating Minister of the Economy Taiwo Oyedele has warned that even considering a return to petrol...

Elumelu Champions $15bln West Africa Infrastructure Pipeline

By Samuel Akpan Nigerian billionaire and Heirs Holdings Chairman Tony Elumelu is driving a proposed $15 billion investment pipeline to finance critical infrastructure...

Nigeria’s Inflation Falls to 14.63% for Fourth Straight Month

By Samuel Akpan Nigeria’s inflation rate eased to 14.63% in September 2026 from 15.39% in August, extending a four-month disinflation run, the National...

Nigeria Opens 65 Projects to Investors, Sets Sights on 7% Economic Growth

By Oluwatosin Deba The Federal Government has unveiled 65 investment opportunities across major sectors of the economy, seeking to unlock fresh capital, create...

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...