Business

GTCO increases GTBank’s paid-up capital to N504bn

Guaranty Trust Holding Company Plc (GTCO) has increased its investment in Guaranty Trust Bank Ltd. (...

Dangote Group, Ethiopia sign deal to build $2.5bn fertiliser plant

The Ethiopian government said it has signed a $2.5 billion fertiliser complex shareholder investment...

Petrobras considers new deep-water investment opportunities in Nigeria, says NNPCL

The Nigerian National Petroleum Company Limited (NNPCL) has announced that Petrobras, Brazil’s...

9mobile rebounds with first subscriber growth in 2025 after MTN infrastructure sharing deal

Telecommunications operator, 9mobile, which recently rebranded as T2, recorded its first gain of the...

CBN orders geo-tagging of all PoS terminals to curb fraud

The Central Bank of Nigeria (CBN) has issued a directive mandating that all Point of Sale (PoS) term...

Access Holdings announces the resignation of Director Roosevelt Ogbonna from the Board

Access Holdings Plc has announced that Mr. Roosevelt Ogbonna, a Non-Executive Director, has stepped ...

Naira down to N1,550/$ in parallel market

The Naira yesterday depreciated to N1,550 per dollar in the parallel market from N1,540 per dollar o...

Elon Musk’s xAI sues Apple and OpenAI over alleged AI monopoly

Elon Musk’s artificial intelligence startup, xAI, has filed a lawsuit against Apple and OpenAI...

Stanbic IBTC announces return of Save and Enjoy promo

Stanbic IBTC Bank is set to reward customer loyalty with the return of its  Save and Enjoy &nbs...

Foreign reserves adds $28.7m, hits $41.10b

Nigeria’s gross foreign reserves recorded further inflows, adding $28.7 million within 24 hour...

Parallex Bank offers Lagos LGs N4bn credit facility

Parallex Bank Limited has announced an N4bn financial support programme designed to strengthen the c...

Japan, AfDB partner on $5.5b finance for Africa

The Japan International Cooperation Agency (JICA) and the African Development Bank (AfDB) have signe...

SEC warns against investing with GVEST Global

The Securities and Exchange Commission (SEC) has cautioned Nigerians against doing business with GVE...

Warri-Itakpe train services to resume soon – NRC

The Nigerian Railway Corporation has announced that operations on the Warri-Itakpe train corridor wi...

US oil firm Vaalco eyes return to Nigeria

The Federal Government has reaffirmed its commitment to attracting international oil companies back ...

NIGCOMSAT targets N8 billion revenue through broadband expansion in Nigeria

“We know broadband has greater value and wider use cases, from connecting local government off...

NUPRC concludes review of marginal field licences

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has completed a case-by-case review of...

NNPC profit drops from N905bn to N185bn in July

The Nigerian National Petroleum Company Limited has recorded a substantial decline in its profit aft...

NAICOM moves against fake motor insurance

The National Insurance Commission (NAICOM) has initiated efforts to rid the country of fake third-pa...

Kalabash54, Outpayce from Amadeus partner to expand flexible flight payment

Kalabash54, a fintech travel solutions company under the Wakanow Group, has partnered with Outpayce ...

Transforming borderless banking across Africa through innovation

Over the years, cross-border payments in Africa faced several challenges, including high costs, slow...

FCCPC’s new rule on loan app interest rates unsettles Nigeria’s digital lenders

Digital lenders in Nigeria are currently worried over recent moves by the Federal Competition and Co...

Nigeria’s FX reserves soar to $41 billion, hitting 44-month high

Nigeria’s foreign exchange reserves rose to $41.00 billion on August 19, 2025, the highest lev...

How to buy the best bank stocks in Nigeria

Nigerian banks dominate the NGX with N16.28 trillion in market cap, strong dividends, and heavy dail...

Four financial priorities for the new President of AfDB

I am writing to share four critical insights from my analysis of AfDB’s financial statements f...

Meta rolls out AI translation for Facebook, Instagram content creators globally

Meta has unveiled a new AI-powered tool that could transform how creators connect with audiences glo...

From PoS agents to fintech founders, this startup wants to challenge Moniepoint, OPay, others

ello Kano and Tayo Akintoye have been PoS agents since 2018, long before Moniepoint and OPay came to...

Ellah Lakes announces 1,500-hectare oil palm expansion for 2026

Ellah Lakes Plc has announced plans to expand its oil palm operations in 2026 by planting an additio...

Top 5 Money Market Mutual Funds to maximize returns on N5 Million investment

Nigeria’s money market mutual funds (MMMFs) continue to prove their relevance as a safe and pr...

Monetary Policy Rate cuts and disinflation: Banking stocks set to gain

Nigeria’s banking sector might be a big beneficiary as inflation decelerates, and markets anti...