Business

GTCO Plans Fresh $100m Raise, to Cancel GDRs Listing on LSE

Guaranty Trust Holding Company Plc (GTCO), the parent company of Nigeria’s biggest lender by m...

FG sets July date for petrol pricing summit

The Federal Government has fixed July 23 and 24, 2025, for a national stakeholder forum to address m...

Nigeria to end gas flaring by 2030 through gas-centric strategy – NUPRC

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has reaffirmed its commitment to endin...

African startups raise $365 million in June, marking best funding month in nearly a year

African startups secured $365 million in funding in June 2025, making it the continent’s stron...

GETMEDCO and Sterling Bank forge groundbreaking partnership to elevate healthcare access

GETMEDCO, a leading provider of quality concierge medicine, and Sterling Bank Plc, “The One Cu...

Naira stuck at N2,200/£ as British pound faces correction

The naira remains in a consolidation phase against the British pound in the parallel market at N2,20...

Meet the Owners of the 15 Most Expensive Hotels in Nigeria

Nigeria’s luxury hospitality market is growing steadily and quietly with strong investor confi...

Qantas hack results in theft of 6 million passengers’ personal data

Australian airline giant Qantas said on Wednesday it experienced a data breach that compromised the ...

Figma moves closer to a blockbuster IPO that could raise $1.5B

Figma publicly shared its financials Tuesday, inching the design software company closer to an IPO. ...

Renaissance Africa Energy unveils plans to tackle energy deficit across Africa

Renaissance Africa Energy Company Limited has announced bold steps to address electricity and clean ...

IMF updates Nigeria’s 2025 GDP growth forecast to 3.4%

The International Monetary Fund (IMF) has announced that its Executive Board has concluded the 2025 ...

9mobile Ownership Battle: Court set to decide on 43 Million shares by Sept 24

The Federal High Court in Abuja has fixed September 24 to rule on several applications in the case o...

Microsoft to lay off 9,000 workers globally in second wave of job cuts in 2025

Microsoft has commenced another round of layoffs that will see around 9,000 employees let go, markin...

C&I Leasing profit hits N1.6 billion in 2024, revenue up 64% YoY

C&I Leasing Plc has released its 2024 financial year ended December 31, 2024, reporting profit a...

ERCAS business podcast: Kagan & Ayo Bankole — “Not hiring Gen Z is bad for business”

ERCAS is a leading fintech and digital solutions provider helping businesses simplify payment collec...

Billionaire Larry Ellison adds $8.8 billion to net worth in 1 day

Larry Ellison, Oracle Corporation’s co-founder, chairman, and chief technology officer, gained...

US-Africa Business Summit yields over $2.5 billion in deals, commitments

The United States Department of State has said that the 17th U.S.-Africa Business Summit yielded mor...

Konga celebrates 13 years of transforming E-Commerce in Nigeria with month-long ‘Yafun Yafun Deals’ anniversary sale

Konga, Nigeria’s trailblazing composite e-commerce giant, is marking a remarkable 13-year jour...

Dangote reduces ex-depot petrol price to N840 per litre

Dangote Petroleum Refinery has reduced the ex-depot price per litre of petrol from N880 to N840. Th...

Africa launches first Pan-African card scheme – PAPSSCARD

Abuja, Nigeria, 30 June 2025 – Africa has marked a significant step towards financial independ...

Afreximbank to recruit 250,000 workers for proposed $5 billion Textile Facility in Nigeria

The outgoing President and Chairman of the Board of Directors of the African Export-Import Bank (Afr...

Dangote’s ₦720b Investment In CNG Trucks To Save Nigerians ₦1.7tn

From 15 August, Dangote will begin the direct delivery of petrol and diesel to filling stations, ind...

Payaza pays up: fulfills N14.9bn obligation, and signals growing maturity in African finance

In Africa’s noisy fintech scene, where ambition often outpaces execution, one company is showi...

Nigeria’s promissory notes debt obligations fall by 15.6% as of March 2025

Nigeria’s promissory notes fell by 15.6% quarter-on-quarter between December 2024 and March 20...

Lagos ports to receive 2,700 containers, 265,000 MT of crude oil, used vehicles between July 1 -10

Lagos ports are expected to witness a surge in maritime activity between July 1 and 10, 2025, with a...

Gabon Signs $3.8 Billion Funding Pact With Afreximbank

Gabon signed a $3.8 billion memorandum of understanding with the African Export-Import Bank to fund ...

Afreximbank Appoints Dr. George Elombi as Next President

Abuja, Nigeria, 28 June 2025 – The shareholders of the African Export-Import Bank (Afreximbank...

Dangote Plans to List Africa’s Biggest Oil Refinery by Next Year

Aliko Dangote, Africa’s richest person, plans a stock listing for his Nigerian crude oil refin...

Nigeria's major tax overhaul explained

Nigeria's President Bola Tinubu has signed four finance bills into law in a set of major refo...

New tax law changes FIRS to Nigeria Revenue Service, NRS

The new tax laws signed by President Bola Tinubu on Thursday has changed the Federal Inland Revenue ...