Business

FCMB to deploy fresh capital for cost efficiency

FCMB Group Plc will use the net proceeds from its ongoing offer to enhance its profitability and ens...

NGX Group reports N5.7 billion Q3 2025 profit, declares interim dividend

The Nigerian Exchange Group Plc (NGX Group) delivered a strong performance in the third quarter of 2...

FRSC, NAICOM launch Joint Task Force to enforce compulsory third-party insurance

The Federal Road Safety Corps (FRSC) and the National Insurance Commission (NAICOM) have inaugurated...

GTBank, UBA lead Nigerian banks in Q3 digital conversion surge

GTBank and UBA have emerged as the top performers, with Nigerian banks experiencing a 15% surge in d...

NIPOST partners Paystack, Sendbox to digitize parcel payment process

The Nigerian Postal Service (NIPOST), in collaboration with Paystack, Messenger, and Sendbox, has la...

NEXIM Bank identifies South-South as new hub for export diversification

The Nigerian Export-Import Bank (NEXIM Bank) has identified the South-South region as the emerg...

Nvidia becomes first company to hit $5 trillion market value amid AI boom

Nvidia’s shares rose more than 4% on Wednesday, pushing the company past a historic $5 trillio...

PayPal partners with OpenAI to integrate digital wallet into ChatGPT

PayPal has struck a deal with OpenAI to embed its digital wallet into ChatGPT, allowing users to pay...

UBA to showcase power of digital marketing for SME growth at Business Series

United Bank for Africa (UBA) Plc is set to host another edition of the quarterly UBA Business Series...

Dangote to invest $1 billion in Zimbabwe’s cement, coal, and power sector

Africa’s richest man, Aliko Dangote, is preparing to launch a $1 billion investment project in...

Transcorp Plc reports pre-tax profit of N38.8 billion in Q3 2025, up 54%

Transnational Corporation Plc (Transcorp Group) has released its unaudited Q3 2025 financial results...

Air Peace expands UK operations with Abuja–Heathrow launch

Air Peace has expanded its United Kingdom operations with the launch of a direct flight service betw...

Forex traders struggle to survive as CBN cuts BDCs off from dollar supply

The Bureau De Change (BDC) operators have lamented that they are close to going out of operations as...

NBC recommits to women empowerment

Nigerian Bottling Company (NBC) Ltd  has reaffirmed its long-standing commitment to women&rsquo...

NEM Insurance records N5.8 billion Q3 2025 profit on booming investments

NEM Insurance Plc has released its third-quarter financial statement, reporting a pretax profit of N...

Fintech startup Lidya shuts down after nine years

Nigerian digital lender, Lidya, has officially ceased operations after nine years in business, citin...

Germany-Nigeria trade volume rises 30% to €3 billion – Ambassador

Germany-Nigeria trade relations have recorded significant growth, rising by 30% to reach €3 bil...

Nigeria on track to complete gas fare-out by 2030 – NUPRC

Speaking during the International Conference on Hydrocarbon Science and Technology organised by the ...

NGX sustains positive momentum with N1.45tn investors’ gain

The Nigerian Exchange extended its bullish momentum on Wednesday as investors recorded N1.45tn gain,...

NNPC loses N380bn revenue in Sept

The Nigerian National Petroleum Company Limited has suffered a drop in both production and earnings,...

FAAN targets full ISO certification for all Nigerian airports by Dec 2025

The Federal Airports Authority of Nigeria (FAAN) has unveiled an integrated ISO policy, aiming for f...

OPay’s approach to secure payments for its over 60 million users

When OPay unveiled a new suite of seven security features last month, it promised to redefine how Ni...

Moniepoint raises additional $90 million to close $200 million Series C

Nigerian fintech Moniepoint Inc. has secured an additional $90 million in funding to accelerate its ...

MTN Nigeria to shut 101 sites for network maintenance on October 25

MTN Nigeria has announced plans to carry out a scheduled network maintenance exercise on Saturday, O...

Kenyon International leads indigenous efforts in Nigeria’s oil production

Nigeria’s upstream oil sector is experiencing a revival, with crude output reaching 1.71 mil...

NCC explains poor telecom service in Lagos, Abuja, other cities

The Nigerian Communications Commission (NCC) has attributed the poor quality of telecom service bein...

Nigeria Fintech firms seek national committee to bridge regulatory gaps

Nigeria’s fintechs are calling for the creation of a National Fintech Committee to bridge regu...

CAC, SMEDAN to inject N6 billion into Nigerian economy through youth business registration

The Corporate Affairs Commission (CAC) and the Small and Medium Enterprises Development Agency of Ni...

UAC of Nigeria Plc opens N45 billion commercial paper issuance; yield up to 19.5%

UAC of Nigeria Plc (UACN) has opened a N45 billion Commercial Paper (CP) issuance under its N65 bill...

NCC, CBN move to tackle failed airtime recharges on electronic platforms

The Nigerian Communications Commission (NCC) and the Central Bank of Nigeria (CBN) have teamed up to...