Business

African family businesses outperform global peers in growth

  • 25th June 2026

Poor transparency validation could scare off investors, NEITI

  • 25th June 2026

African cocoa farmers demand $6000/tonne floor price

  • 25th June 2026

Reps expand probe of airport, seaport concessions

  • 25th June 2026

Contact Info

Some Populer Post

Trump seeks $1.4bn to combat Ebola

Helth

African family businesses outperform global peers in growth —

Business

Nigeria faces power risks as hydropower generation drops —

Electricity

US opens second probe into fatal Tesla crash

Business

Blog

Manufacturers warn price hikes to persist without solutions
Business

Manufacturers spent N119bn on electricity in nine years – MAN

Manufacturers’ Association of Nigeria has reported that manufacturers spending on alternative energy sources increased by 82% between 2014 and 2022,  from N25 billion to N144 billion excluding power from distribution companies. According to The Punch, this is based on information compiled from the Manufacturers Association of Nigeria’s annual and biannual reports. The documents state that manufacturers spent […]

How equity investors his N8bn profit one week
Business

How equity investors his N8bn profit one week

The Nigerian Exchange Limited’s recent trend of optimistic trading slowed this past week, resulting in a gain of N8 billion for investors. According to The Punch, trading operations on the NGX got off to a good start, rising to N35.539tn on Monday, with market capitalization finishing at N35.994tn the previous Friday. It increased to N35.932tn […]

Transcorp power enlisted on Nigerian Exchange main board
Business

Transcorp’s revenue hits 31% increase, jumps to N82bn

Transnational Corporation Plc, an indigenous conglomerate, has revealed that it experienced remarkable development across all key indices and that its revenue for the first half of 2023 increased by 31%. In a report on its condensed consolidated financial statements, it said: Transcorp, which has investments in the oil, hospitality, and power industries, reported revenue of […]

Global petrol price increases by 20%
featured

Global petrol price increases by 20%

The price of petrol may climb further as international market statistics revealed that the commodity had gained 20%. According to The Punch. Brent crude had a starting price of about $78 per barrel in 2023. However, the global benchmark reached $83 a barrel last week. On the other hand, petrol costs were less than $2.50 […]

Nigerians hold N2.26trn outside banks - CBN
News

Nigerians hold N2.26trn outside banks – CBN

  The Central Bank of Nigeria has stated that the value of currency held by the public climbed to N2.26tn by the end of June 2023. According to CBN data obtained by The PUNCH, the currency outside banks increased by 185.68% (N1.47tn) between January 2023 (N792.18bn) and June 2023 (N2.26tn). It was also revealed that […]

Tinubu assigns special investigator to probe CBN
featured

Tinubu assigns special investigator to probe CBN

The Financial Reporting Council of Nigeria’s Chief Executive Officer, Jim Obazee, has been appointed by President Bola Tinubu as a special investigator to look into the Central Bank of Nigeria and associated organizations. According to reports, this information was contained in a letter signed by President Tinubu. The letter from Tinubu reads,” This administration is today continuing the fight […]

AXA Mansard hits N11bn from FX profit
Business

AXA Mansard hits N11bn from FX profit

Axa Mansard has reported second-quarter earnings that increased pre-tax profits by 597% to N12.8 billion. The increase in profitability helped push half-year pre-tax earnings to N14.7 billion from just N1.3 billion during the same period last year. The performance of Axa Mansard in the second quarter was boosted by a foreign currency gain of N11.1 billion […]

NDDC reiterates dedication to stakeholders' collaboration
Opinion

N’Delta most peaceful region for investment – NDDC boss

The Managing Director of the Niger Delta Development Commission, Samuel Ogbuku, has said the Niger Delta, by current realities, has become the most peaceful region in Nigeria suitable for investments.   Ogbuku, who asserted the appraisal during interaction in Port Harcourt, Rivers State, with ex-militants engaged in Phases 1, 2, and 3 of the Niger […]

How PenCom invested N130bn pension fund in infrastructure
News

PenCom denies Covid-19 Estacode payment allegations

The National Pension Commission has referred to reports that its Director-General, Mrs. Aisha Dahir-Umar, received millions of dollars in salary as estacode during the Covid-19 lockout in 2020 as blatant fabrication and fiction. According to Nairametrics, the commission’s response was prompted by online rumours that it had spent as much as Estacode in 2020 and […]

Ogun cargo airport to employ 25000 youths on completion - Dapo Abiodun
Ports and Airports

Ogun cargo airport to employ 25000 youths on completion – Dapo Abiodun

The recently finished Gateway International Agro-Cargo Airport project will open up employment prospects for some 25,000 unemployed youths in the state according to Ogun State Governor, Dapo Abiodun. According to Nairametrics, he claimed that in addition to the airport project, additional growth initiatives would be included, such as the Special Agro Processing Zone that is situated in the city. […]

MTN internet subscription declines over NIN-SIM linkage
Business

MTN reports 39.3% drop in fintech clients in H1 2023

MTN Nigeria recorded a 39.3% drop in fintech users for the first six months of 2023, bringing the number of users to 7 million by the end of June. This information was provided by the corporation in its just-released H1 2023 financial results. MTN claimed that 3.1 million of its 7 million fintech customers, or […]

NASCON Allied Industries to merge with Dangote sugar refinery
Business

NASCON Allied Industries to merge with Dangote sugar refinery

The Board of Directors of NASCON Allied Industries Plc authorized a merger plan with Dangote Sugar Refinery Plc. and Dangote Rice Limited on Thursday, July 28, 2023, subject to regulatory and shareholder clearances. According to Nairametrics, the announcement followed a previous report from a planned annual general meeting to discuss the proposed merger. The Unaudited Financial Statements […]

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