Category: BUSINESS

Investments in fixed income securities rose by 17.7% Year-on-Year, YoY, in eight months, ended August 2025 to N2,405 trillion from N2.043 trillion recorded in the corresponding period of 2024. This…

Food and beverage imports increased to N677.3bn in the first half of 2025, a 44.48 per cent rise from N468.76bn in the same period of 2024, prompting renewed calls for…

Nigeria’s equity market climbed to a new high, yesterday, extending its rally on the back of broad economic reforms and improving investor sentiment. The NGX market capitalisation chasing a N100…

The naira continued its appreciation against the United States dollar at the official foreign exchange market on Thursday, amid a sustained rise in Nigeria’s external reserves. Data from the Central…

Despite mounting competition from fintech operators, Nigeria’s tier-one and mid-tier banks have strengthened their non-interest income streams, posting a combined N986.5 billion in fees and commission income in the first…

The naira traded in the mid-₦1,400s on the official Nigerian Foreign Exchange Market (NFEM) on Sunday, while parallel/black-market dealers quoted the dollar near ₦1,480–₦1,500. The gap between the official NFEM…

The official daily Nigerian Foreign Exchange Market (NFEM) rate — the Central Bank-derived volume-weighted average used as the market’s benchmark — was reported at about ₦1,471.03 to the dollar on…

The Managing Director of Eterna Plc, Mr. Olumide Adeosun, has said that Nigeria’s clean cooking targets may remain out of reach unless urgent steps are taken to address the high…

The Dangote Petroleum Refinery has intensified efforts through the use of Compressed Natural Gas (CNG)-powered trucks to distribute Premium Motor Spirit, PMS, also known as petrol at N850 per litre…

The Nigerian Electricity Regulatory Commission has approved the disbursement of N28bn to electricity distribution companies for the second phase of the Meter Acquisition Fund scheme, for the metering of all…