Business

Dangote Refinery Confirms Staff Layoffs, Cites Sabotage Concerns

The Dangote Petroleum Refinery has confirmed that it recently laid off some workers as part of an ongoing reorganisation exercise aimed at curbing...

Femi Otedola Boosts Stake in FirstBank with N1.21bln Investment

Mr. Olufemi Otedola, Group Chairman of First HoldCo Plc, the parent company of First Bank, has increased his stake in the bank by...

First Bank Revolutionizes Banking for Visually Impaired and Physically Challenged

First Bank has launched a pioneering initiative to provide tailored financial services for blind, partially sighted, and physically challenged customers across its operations....

Naira Hits One-Month High in Parallel Market N1,530.96 per dollar

The Nigerian naira has strengthened to N1,527 per US dollar in the parallel market, marking its highest level in over a month. This...

Africa’s Digital Future Bright as AI Startups Attract $1.25bln in Funding – Tony Elumelu

Tony Elumelu, Chairman of Heirs Holdings and founder of the Tony Elumelu Foundation, has highlighted the significance of African AI startups attracting $1.25...

AfDB’s 9th President Takes Oath, Champions African Self-Reliance

Sidi Ould Tah has been sworn in as the 9th president of the African Development Bank (AfDB) Group. He succeeds Nigeria’s Dr. Akinwumi...

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...