Lagos State received N477.05 billion in gross Federation Account Allocation Committee (FAAC) revenue in the first half of 2026, the highest among Nigeria’s 36 states, as...
Nigeria’s tax revenue has more than doubled in less than three years, rising 113 per cent from N12.3tn in 2023 to N27.1tn as of July 2026,...
The Nigerian National Petroleum Company Limited (NNPC Ltd) has defended the performance of its management under Group Chief Executive Officer (GCEO), Bayo Ojulari, saying crude oil...
Nigeria’s economy may be entering a new phase of credit expansion as banks increase lending, businesses step up borrowing and loan defaults decline, signalling that years...
Shareholders approve landmark acquisition as Africa's largest mobile operator bets on owning, rather than leasing, critical digital infrastructure
Banks, foreign investors lock funds in 20.10% yields as CBN mops up liquidity to support naira and tame inflation
Nigeria’s FX market started August on a stronger footing, with the naira appreciating against the United States dollar despite a slowdown in trading activity at the...
If you buy or renew your motor insurance policy in Nigeria from now on, your insurer must automatically provide you with an ECOWAS Brown Card at...
Five Nigerian listed companies generated a combined profit after tax of more than N1.4 trillion in the first half of 2026, but beyond the sheer size...
Nigeria’s pension fund assets declined by N623.63 billion in June 2026, erasing nearly two per cent of their value within a month as market valuation losses...
The Federal Government has said its proposed cost-of-capital reform is central to achieving Nigeria’s ambition of building a $1 trillion economy by 2030, as it seeks...
Otedola’s First HoldCo stake increased to 25.88 per cent on Thursday after billionaire investor Femi Otedola acquired an additional 1.77 billion shares in First HoldCo Plc...
Nigeria’s foreign capital inflows almost doubled in 2025 as ongoing foreign exchange market reforms and attractive domestic investment yields restored investor confidence, with total capital importation...
Dangote Cement Plc increased earnings attributable to shareholders in the first half of 2026, with earnings per share (EPS) rising by 24.3 per cent to N38.22,...
FCMB Group Plc’s strategy of building a diversified financial services business gained further momentum in the first half of 2026, with its non-banking subsidiaries contributing more...
Diaspora Remittances have emerged as a key pillar of Nigeria’s foreign exchange strategy, with the Central Bank of Nigeria (CBN) targeting monthly inflows of $1 billion...
Global air travel reached a new milestone in 2025, with airlines carrying a record 4.9 billion passengers, as international demand, premium travel and airline capacity continued...
The Central Bank of Nigeria (CBN) has launched a new tracking system for bureau de change operators, called the BDC FX Tracker. Alongside it, the CBN...
As Early-Stage Investment Hits Five-Year Low African start-ups raised $1.36 billion in disclosed funding during the first half of 2026, maintaining a relatively stable performance despite...
The Nigerian stock market staged a sharp rebound last week, handing investors a gain of N9.342 trillion just seven days after a selloff had wiped over...