Business

The group stressed that Nigeria’s inflation challenge remains structural and supply-driven, arguing that monetary tightening alone is insufficient to address...

PenCom said it considered the refinery’s strategic importance, strong business fundamentals, economic benefits, and growth potential before approving the request.

The recent upgrades by major global rating agencies reflect improving investor confidence in Nigeria’s economic reforms, fiscal management and medium-term...

"This latest upgrade by S&P follows similar positive rating actions in 2025 by Fitch Ratings and Moody's Ratings," Mr Oyedele...

Giving another instance, he said some countries lack spirit of agreement in the continent saying their practices were not supportive...

Revenue for the financial institution accelerated to N102.8 billion in the period from N82.9 billion.

According to Mr Cardoso, the apex bank recorded an average daily turnover of about $100 million in late 2023 when...

The financial services group posted N76.3 billion in profit after tax, up from N43.7 billion a year earlier.

According to the Group, Mr Omodayo-Owotuga’s appointment reflects the First Bank’s continued commitment to strong governance, disciplined execution, financial resilience,...

Although inflation continued to rise in April, the pace of monthly price increases slowed significantly compared to March.

Africa’s richest man, Aliko Dangote, says China has become Africa’s dominant business partner because Western countries often fail to provide...

Nigeria’s average daily crude oil and condensate production rose to 1.66 million barrels per day in April 2026, driven largely...

Mr Dangote said small groups profited from local product allocations under the subsidy regime and that subsidy payments alone reached...

President of the group, Aliko Dangote, disclosed this during a recent interview with Nicolai Tangen, chief executive officer of the...

Aliko Dangote says he opposed moves by NNPC Limited to increase its stake in the $20 billion Dangote Petroleum Refinery,...

The airline says the London-bound aircraft returned to Lagos after encountering airspace-related operational issues during the flight, forcing a rescheduling...

The NDIC said the action forms part of efforts to recover assets linked to the defunct bank, whose licence was...

Published annually by the Financial Times in partnership with Statista, the ranking recognises companies driving exceptional revenue growth, innovation, market...

“The expectation is clear: the industry must now deliver measurable improvements, and the commission will continue to enforce compliance in...

The approval allows the Bayelsa-backed carrier to begin charter and other non-scheduled commercial services as Nigeria’s aviation sector records a...

The Minister warns that Africa remains trapped by a “prejudice premium” in global finance, calling for urgent reforms to unlock...

Nigeria’s dependence on imported petrol is easing as domestic refineries, led by Dangote Refinery, ramp up production, with local plants...