Business

Emirates Now Accepts Crypto Payments for Flight Bookings

DUBAI — Emirates, the largest airline in the United Arab Emirates and the premier long-haul carrier ...

Business | Thu Jul 30 2026

Guinness Nigeria Revenue Hits ₦142.27B, Declares ₦7 Dividend

LAGOS — Guinness Nigeria Plc, one of the nation's leading total beverage companies and a key player ...

Business | Tue Jul 28 2026

Tantalizers Returns to Profit as Restructuring Drives N73M Gain

LAGOS, NIGERIA — Shareholders of Tantalizers Plc, one of Nigeria’s most iconic and longest-standing ...

Business | Tue Jul 21 2026

ECOWAS Signs $25B Nigeria-Morocco Gas Pipeline Deal

The Economic Community of West African States (ECOWAS) has officially signed the Intergovernmental A...

Business | Tue Jul 21 2026

Apple Music Global Price Hike: What It Means For Nigeria

Apple Inc. has officially announced a sweeping price adjustment for its music streaming platform, Ap...

Business | Sun Jul 19 2026

UK Nationalizes British Steel, China Condemns Move

LONDON, UNITED KINGDOM — A major diplomatic dispute has erupted between London and Beijing following...

Business | Sat Jul 18 2026

Femi Otedola's First HoldCo Stake Hits $530 Million

LAGOS, NIGERIA — In a major development within West Africa’s financial sector, Nigerian billionaire ...

Business | Sat Jul 18 2026

Nigeria’s Foreign Reserves Hit 17 Year High of $51.86 Billion

LAGOS, NIGERIA — Nigeria’s gross external reserves have surged to $51.86 billion, marking their high...

Business | Fri Jul 17 2026

Tinubu Ends Raw Cocoa Exports With New Value-Addition Blueprint

ABUJA, NIGERIA — President Bola Ahmed Tinubu has declared a definitive end to the unrefined exportat...

Business | Thu Jul 16 2026

Canal+ Finalizes $3B MultiChoice Takeover: New Era

JOHANNESBURG, South Africa — The landscape of African broadcasting has undergone a permanent transfo...

Business | Tue Jul 14 2026

Dangote Refinery Switches To Dollar Fuel Sales From Naira

LAGOS, Nigeria — The Dangote Petroleum Refinery has officially transitioned its commercial sales mod...

Business | Tue Jul 14 2026

Lokpobiri Orders PMS Price Cut: Marketers Must Reduce Now

ABUJA — The landscape of Nigeria’s downstream petroleum sector is currently defined by a significant...

Business | Mon Jun 29 2026

Gombe State Flags Off 2026 Wet Season Agricultural Support

GOMBE — The Gombe State Government has officially launched its 2026 wet season agricultural support ...

Business | Wed Jun 24 2026

NNPCL Reduces Petrol Pump Prices in Lagos and Abuja

ABUJA / LAGOS — The Nigerian downstream petroleum sector is currently navigating a period of signifi...

Business | Wed Jun 24 2026

OPEC: Nigeria and Africa Need $92bn in Refining Investments Through 2050

ABUJA — The Organisation of Petroleum Exporting Countries (OPEC) has issued a landmark projection, a...

Business | Mon Jun 22 2026

SpaceX Stock Pullback: Retail Investors Face Breaking Point

NEW YORK — The global financial markets were electrified on June 12, 2026, when SpaceX, the aerospac...

Business | Thu Jun 18 2026

SpaceX Prepares Potential $20 Billion Bond Offering for AI Expansion

NEW YORK — Barely weeks after its historic debut on the Nasdaq, SpaceX is already making aggressive ...

Business | Thu Jun 18 2026

Femi Otedola Strengthens Majority Stake in First HoldCo via Private Placement

LAGOS — FBN Holdings Plc (FirstHoldCo), the parent company of Nigeria’s oldest commercial lender, Fi...

Business | Thu Jun 18 2026

Dangote Group Reportedly Offers Automatic Employment to 30 FUTO Students

OWERRI — In a move that signals a transformative shift in the relationship between Nigeria’s corpora...

Business | Thu Jun 18 2026

Nigeria Spends ₦20.4 Billion on Importation of Umbrellas, Footwear, and Related Goods

ABUJA — Despite concerted governmental efforts to stimulate domestic manufacturing and reduce relian...

Business | Wed Jun 17 2026

Nigeria Spends ₦23 Billion on Palm Oil Imports Amid Persistent Supply Gaps

ABUJA — Nigeria, once a dominant force in the global oil palm market, currently finds itself in the ...

Business | Wed Jun 17 2026

NCC and KPMG Initiate Comprehensive Review of Nigeria’s Telecom Pricing Framework

The Nigerian Communications Commission (NCC) has officially partnered with consultancy firm KPMG to ...

Business | Tue Jun 16 2026

World Bank List Apapa and Tin Can Among World’s Most Improved Ports

LAGOS — A landmark achievement for Nigeria’s maritime industry, the World Bank’s 2025 Container Port...

Business | Tue Jun 16 2026

Elon Musk Becomes World’s First Trillionaire Following Historic SpaceX IPO

NEW YORK — In a landmark moment for global markets and personal wealth, Elon Musk has officially bec...

Business | Fri Jun 12 2026

Standard Bank Reaffirms Strategic Support for Dangote Industries

LAGOS — Standard Bank Group, Africa’s largest financial institution, has underscored its long-standi...

Business | Thu Jun 11 2026

U.S. Pentagon Expands "Chinese Military Companies" Blacklist

WASHINGTON — In a significant escalation of tech and trade tensions, the U.S. Department of Defense ...

Business | Thu Jun 11 2026

Nigeria’s Trade Surplus Soars 341% to ₦7.55 Trillion in Q1 2026

ABUJA — Nigeria’s external sector has undergone a massive structural shift, with the country recordi...

Business | Tue Jun 09 2026

Aliko Dangote’s Net Worth Soars to $37 Billion Amidst Landmark Industrial Expansion

  LAGOS — Aliko Dangote, the continent's wealthiest individual, has reached a historic milestone ...

Business | Tue Jun 09 2026

Federal Government Moves to Deregulate Airtime Credit Market, Ending 12-Year Monopoly

ABUJA — The Federal Government has initiated a major overhaul of Nigeria's airtime credit and data a...

Business | Mon Jun 08 2026

Dangote Refinery Hits 700,000 bpd Capacity, Eyes Global Refining Dominance

LAGOS — The Dangote Petroleum Refinery and Petrochemicals has officially redefined the benchmarks of...

Business | Mon Jun 08 2026

CBN Unveils Strict Foreign Exchange Manual, Slaps Banks with ₦100 Million Penalty for Compliance Failures

ABUJA — The Central Bank of Nigeria (CBN) has introduced a stringent regulatory framework for the na...

Business | Mon Jun 08 2026

Yobe State Government Slashes Tractor Hiring Fees by 50% to Boost Food Security

DAMATURU — In a major move to empower small-scale farmers and enhance agricultural output, the Yobe ...

Business | Thu Jun 04 2026

Dangote Refinery Positions as Global Jet Fuel Supplier Amid Surplus

LONDON — The Dangote Petroleum Refinery is leveraging its significant aviation fuel surplus to estab...

Business | Thu Jun 04 2026

Nigeria Partners with China Industrial Bank to Boost Rural Connectivity

ABUJA — The Federal Government has secured a major boost for its digital infrastructure agenda as th...

Business | Wed Jun 03 2026

Bank of America Appoints Adam Dixon as Global Head of Digital Asset Transformation

LONDON — Bank of America (BofA) has appointed senior trading executive Adam Dixon as its new Global ...

Business | Wed Jun 03 2026

Nigeria’s Economic Crisis: Fuel Prices Surge 463% in Three Years Since Tinubu Regime

ABUJA — Nigeria’s retail fuel prices have experienced an unprecedented rise, reaching a minimum of ₦...

Business | Tue Jun 02 2026

CBN Unveils "Payments System Vision 2028": A Blueprint for Financial Inclusion

ABUJA — Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, officially unveiled the Payments Sy...

Business | Tue Jun 02 2026

Governor Adeleke Champions Economic Diversification and Youth Entrepreneurship in Osun State

OSOGBO — The Osun State Government, under the leadership of Governor Ademola Adeleke, has reaffirmed...

Business | Tue Jun 02 2026

Dr. Adaora Umeoji: Two Years of Transformative Leadership at Zenith Bank

LAGOS — June 1, 2026, marks the two-year anniversary of Dr. Adaora Umeoji’s tenure as the Group Mana...

Business | Mon Jun 01 2026

Nigeria-UAE Economic Ties Deepen: Bank Entry and Flight Expansion

ABUJA — Economic and diplomatic relations between Nigeria and the United Arab Emirates (UAE) have re...

Business | Mon Jun 01 2026

Nigeria-UAE Economic Ties Strengthen as First Abu Dhabi Bank Announces Lagos Entry

ABUJA — Nigeria and the United Arab Emirates (UAE) are entering a new phase of economic and diplomat...

Business | Mon Jun 01 2026

CBN Reports External Reserves Near $50 Billion Mark Amid Naira Stability

ABUJA — Nigeria’s external reserves have continued a steady upward trajectory, climbing to $49.34 bi...

Business | Mon Jun 01 2026

NLC Rejects ₦100,000 Minimum Wage Proposal, Demands ₦1 Million for Nigerian Workers

ABUJA — The Nigeria Labour Congress (NLC) has officially dismissed the ₦100,000 national minimum wag...

Business | Mon Jun 01 2026

Dangote Refinery Reduces Ex-Depot Fuel Prices

LAGOS — The Dangote Petroleum Refinery has announced a further reduction in the ex-depot prices of P...

Business | Mon Jun 01 2026

Keyamo Appointed "African Champion" for $7 Billion Aviation Transformation Programme

BRAZZAVILLE — Nigeria’s Minister of Aviation and Aerospace Development, Festus Keyamo, has been appo...

Business | Sun May 31 2026

Sallah Preparations Strained as Food and Livestock Prices Surge

LAGOS — As Muslim families across Nigeria finalize preparations for the upcoming Eid-el-Kabir ...

Business | Tue May 26 2026

Banks, Fintechs Flagged Over 82,000 Suspicious Transactions in 2024

ABUJA — Nigerian financial institutions and other reporting entities flagged 82,143 suspicious...

Business | Tue May 26 2026

Nigeria’s Ginger Exports Collapse to Zero as Fungal Blight and Soaring Costs Wipe Out ₦26.2 Billion Market

ABUJA — In a severe blow to Nigeria’s aggressive non-oil export ambitions, the country&r...

Business | Tue May 26 2026

Femi Otedola Pledges $100 Million Investment in Dangote Refinery Ahead of Historic Market Listing

LAGOS — Billionaire businessman Femi Otedola has announced a massive $100 million personal inv...

Business | Mon May 25 2026

US House Overwhelmingly Passes Landmark Bill Banning Corporate Landlords from Buying Single-Family Homes

WASHINGTON — In a rare and sweeping display of bipartisanship, the United States House of Repr...

Business | Mon May 25 2026

Dangote Refinery Draws $2 Billion Private Investor Bids Ahead of September Market Debut

LAGOS — The highly anticipated public listing of the Dangote Petroleum Refinery has clear...

Business | Mon May 25 2026

CBN Holds Benchmark Interest Rate at 26.5% to Combat Sticky Inflation

The Central Bank of Nigeria (CBN) has opted to keep its benchmark interest rate steady to better ass...

Business | Mon May 25 2026

Aviation Relief: Dangote Petroleum Refinery Crashes Jet Fuel Price to ₦1,650 Per Litre Amid Domestic Airline Crisis

LAGOS — In a major intervention designed to rescue Nigeria’s struggling aviation sector from collaps...

Business | Mon May 25 2026

Shareholder Value: NEM Insurance Plc Approves ₦7.52 Billion Dividend Following Strong Revenue Growth and Portolio Expansion Strategy

LAGOS — Underscoring its commitment to delivering sustainable investor returns despite deep-se...

Business | Fri May 22 2026

The Tech Collapse Blueprint: Michael Burry Warns Markets Facing an Imminent "Bloody Car Crash"

NEW YORK — Legendary hedge fund manager Michael Burry, the Scion Asset Management founder immo...

Business | Thu May 21 2026

The Ultimate Moonshot: Google in Talks with SpaceX to Launch Orbital AI Data Centers

SILICON VALLEY — In an extraordinary convergence of Big Tech and aerospace engineering, Alphab...

Business | Wed May 20 2026

Power Move: Femi Otedola Consolidates Control of First HoldCo with Massive ₦43.4bn Share Acquisition

LAGOS — In one of the most significant insider stock acquisitions on the Nigerian Exchange (NG...

Business | Fri May 15 2026

Liquidity Surge: Nigeria’s Banking Sector Braces for ₦10.53 Trillion Inflow

LAGOS — Nigeria’s financial ecosystem is preparing for a massive liquidity injection as ...

Business | Tue May 12 2026

Aviation Shock: Spirit Airlines Collapses After 34 Years as Iran War Fuel Prices Double

MIRAMAR, FL - Spirit Airlines, the pioneer of ultra-low-cost travel in the United States, has o...

Business | Sat May 02 2026

GTCO Food & Drink Festival 2026: N30m Loans and 204 Free Stalls to Scale SMEs

The 9th edition of the GTCO Food and Drink Festival returns to Lagos this May with a massive focus o...

Business | Sat May 02 2026

Dangote Jet Fuel Exports Skyrocket 770% as NNPC Crude Trading Hits Five-Year High

LAGOS - The global aviation fuel landscape is undergoing a "seismic shift" as the Dan...

Business | Thu Apr 30 2026

South Korea Makes History: Market Cap Crushes 6,000 Trillion Won Milestone

SEOUL — The South Korean financial market has officially entered a new epoch of valuation. Earlier t...

Business | Thu Apr 30 2026

Bank of Japan Holds Interest Rates at 0.75% as Growth Projections Slump

TOKYO - The Bank of Japan (BoJ) concluded its two-day policy meeting on Tuesday by electing to ...

Business | Thu Apr 30 2026

Recession Watch: German Consumer and Business Sentiment Hit Pandemic-Era Lows

BERLIN - The fragile stabilization that characterized the German economy in 2025 is being syste...

Business | Wed Apr 29 2026

P&G (Procter & Gamble) Flags $1 Billion Profit Hit as Gulf War Drives Oil to $100

CINCINNATI - Consumer goods giant Procter & Gamble (P&G) has issued a stark warning tha...

Business | Wed Apr 29 2026

Debt Milestone: Italy Set to Overtake Greece as Euro Zone’s Most Indebted Nation in 2026

ATHENS / ROME - In a historic reversal of fiscal fortunes, Italy is projected to become the eur...

Business | Wed Apr 29 2026

Aliko Dangote Proposes Mega-Refinery for East Africa; Seeks Partnership with Ruto and Museveni

NAIROBI - Billionaire industrialist Aliko Dangote has unveiled an ambitious plan to replicate h...

Business | Mon Apr 27 2026

Gulf War Fallout: IMF Warns of Sharp Rise in Food Insecurity Across Nigeria and Africa

ABUJA - The International Monetary Fund (IMF) has issued a stark warning that the ongoing confl...

Business | Mon Apr 27 2026