Business

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...

FirstBank Partners UN Global Compact to Unlock Capital for Sustainable Development

FirstBank, the premier financial institution in West Africa and a key provider of financial inclusion services, has reinforced its collaboration with the United...

UBA Celebrates Decade of Digital Innovation with VERiCASH, Rewards Loyal Customers

Africa’s Global Bank, United Bank for Africa (UBA) Plc, is celebrating a decade of impactful digital transformation through its strategic partnership with leading...

UBA Enables International Transactions on Naira Cards

United Bank for Africa (UBA) has announced the resumption of international transactions on its naira cards. According to a recent notice to customers,...

FirstBank Unveils Advanced Facial Biometric Technology on FirstMobile

FirstBank, the West Africa premier financial institution and financial inclusion services provider has launched an advanced facial biometric technology on its mobile banking...

Nigeria Ramps Up $16bln Investment Drive in Oil and Gas Sector

By Joycelyn Ellakeche Adah The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced significant strides in attracting fresh investments into the nation’s oil...