Business

Seplat, Aradel, Oando post ₦7.05trn revenue amid US-Iran

  • 7th August 2026

Manufacturers’ confidence rebounded in Q2 despite operating challenges

  • 7th August 2026

Firms expect borrowing costs to ease in coming

  • 7th August 2026

FG unveils Tinubu Light Initiative for one million

  • 6th August 2026

Contact Info

Some Populer Post

Canada visa wait-time rises for Nigerian applicants — IRCC

Travel

Firms, households expect inflation pressures to ease further —

Economy

Trump signs new executive order banning birth tourism

Travel

Seplat, Aradel, Oando post ₦7.05trn revenue amid US-Iran war

Business

Blog

News

Firms win N30m NCC hackathon prize

The Nigeria Communications Commission granted N10 million each to three technology startups in Abuja on Thursday. The Punch reported that the three companies were the winners of the NCC 2023 talent hunt research through hackathon’s several categories, with a total of 12 tech startups making the shortlist – four in each category. The three categories were assistive […]

Meta's Threads hits 175m monthly users amid challenges
News Tech

Meta to introduce Threads API – Official

Instagram head Adam Mosseri has disclosed that Twitter rival, Threads has an API in the works. Developers will now be able to create unique apps and experiences centred around Threads. Journalist Casey Newton was discussing a Threads experience that resembled TweetDeck with a user when Mosseri responded. The head of Instagram voiced concerns about publishers […]

FG waives VAT on CNG, sets up conversion centres
Oil and Gas

FG waives VAT on CNG, sets up conversion centres

The Federal Government said on Friday that 7 CNG conversation centres have been established in the country through the Presidential Compressed Natural Gas Initiative Steering Committee. The Times reported that the Chairman of the Committee, Mr Zacch Adedeji, made this known during the commencement of the much-anticipated CNG initiative with the handing over of two CNG buses […]

TotalEnergies to invest $6bn in Nigeria's Deepwater
Oil and Gas

Total Energies pre-tax profit drop by 48.02% in Q3 2023

Pre-tax earnings at Total Energies Nigeria fell by 48.02% in the third quarter as a result of foreign exchange delays. According to The Times, Total Energies’ third-quarter 2023 results, pre-tax profits fell by 48.02% on an annual basis to N3.145 billion. As a result, pre-tax profits for the first nine months of this year were down […]

Agribusiness shareholders to raise N5bn capital
Agribusiness

$10 billion spent yearly on agricultural imports – Report

The Deputy Managing Director of the African Reinsurance Corporation, Ken Aghoghovbia, has stated that the International Trade Administration estimated that Nigeria relies on about $10 billion in imports to satisfy its food and agricultural output gaps. According to The Punch, Aghoghovbia gave a speech on Wednesday at the Africa Reinsurance Corporation Agriculture Workshop in Lagos. The two-day event brought […]

Nigeria's coffee sector eyes $2bn revenue in three years
Business

Nigeria’s coffee sector eyes $2bn revenue in three years

Key participants in Nigeria’s coffee sector have claimed that the industry has the potential to earn $2 billion in the next two to three years. According to The Punch, industry insiders are eager to leverage on the expanding trend of coffee demand coming from developed economies, which supports this optimistic perspective. Nigeria exported $38.63 million worth of […]

NGX Group reports N5.2bn after tax
featured

MTN, Flour Mills, others cut NGX market valuation by N67bn

The market’s reaction to the Supreme Court’s ruling on the 2023 general election cases has resulted in a N67 billion decline in the market capitalization of the Nigerian Exchange Limited. According to The Punch, this was the local stock exchange’s second day in a row with negative trading. Depreciation in the share values of MTN Nigeria (-0.40 percent), […]

TikTok launches feature for quality sleep amid lawsuits
News Tech

TikTok, Meta, YouTube eye Indonesian e-commerce licences

Social media giants, TikTok, YouTube, and Meta are considering requesting e-commerce licences in Indonesia, Reuters reports. This is coming after social media commerce was outlawed in the biggest economy in Southeast Asia, according to those with knowledge of the debate. A month ago, Indonesia’s trade ministry outlawed online sales on social media, citing the need […]

Demands for Heineken drops in Nigeria, South Africa
Business

Demands for Heineken drops in Nigeria, South Africa

The brewer Heineken has shown decreases in its volumes in South Africa and Nigeria in its third-quarter report along with its forecasts for 2024. According to The Times, the company reported that despite demand slowing in many areas as inflation hits, it made more money in the third quarter of the year as a result of […]

Naira plunges to record low against pounds
Economy

Naira falls to 801.1/$ at official market

The naira fell to the dollar by 1.1 per cent on the Investor & Exporter forex window on Wednesday after closing at 801.1/$ at the end of trading. It had earlier closed at 792.02/$ on Tuesday according to figures obtained from the FMDQ. The official market recorded a total turnover of $100.18m on Wednesday. At […]

Fidelity Bank targets $250m Nigeria, UK businesses' deal
Banking

Fidelity Bank targets $250m Nigeria, UK businesses’ deal

The second edition of the Fidelity International Trade and Creative Connect got off to an enthusiastic start on Tuesday, 24 October 2023, as leading financial institution – Fidelity Bank Plc, hosted a diverse range of businesses, regulators, diplomatic corps members, and other guests to the opening ceremony in Houston, Texas, United States of America. The Times reported that the […]

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Email Us: [email protected]

ambusinessng @2025. All Rights Reserved.

Facebook-f Pinterest-p Youtube Instagram Linkedin-in