Business

Nigeria secures $155m clean energy investments

  • 26th July 2026

NGX sheds 0.19% as Presco, banks drag index

  • 25th July 2026

NPF Microfinance Bank grows profit before tax by

  • 25th July 2026

US imposes new tariffs on UK, Canada, others

  • 24th July 2026

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Ghana to evacuate 1,000 more workers from South Africa

Transportation

Nigerians may face rice, tomato scarcity within three months

Food

Pharmaceutical firms’ finance costs jump 46.5% amid high interest

Helth

FAAN launches probe into viral Delta airport security altercation

Ports and Airports

Blog

Investment

Rivers, Kaduna, 30 others attract zero foreign investments in Q1

Thirty-two states in Nigeria, including Rivers and Kaduna, did not attract any foreign investments in the first quarter of 2022, AMBusiness has learnt. A report by the National Bureau of Statistics shows that only Lagos, Oyo, Katsina, Anambra states, and the Federal Capital Territory attracted investment during the period. According to the NBS’ Nigerian Capital […]

Banking

Mobile transactions hit N4.86tn Q1 2022 – NIBSS

Nigerians’ use of mobile channels for payment transactions has risen by 3,454.46 per cent from N136.85bn within the first four months of 2019 to N4.86tn in the corresponding period of 2022, according to data from the Nigeria Interbank Settlement System. This growth follows a 13.98 per cent increase in the number of telecommunication subscribers in […]

News

Inflation: What to do if your salary no longer sustains you

What do you do if your salary is no longer sustaining you? This is a question most salary earners have often asked themselves, especially in the current economic downturn. The inflation in Nigeria is constant, the economy is not stable. You can go to the market today and buy something at one price and return […]

Power generation dropped 43mw after worker's strike - FG
Energy

Blackout as national grid collapses for fifth time in 2022

There was widespread blackout across the country on Sunday following the collapse of the national power grid, making it the fifth collapse of Nigeria’s electricity grid in 2022. It was learnt that the grid collapse on Sunday occurred around 6.49pm, leading to the shutdown of the outgoing electricity feeders of some power distribution companies. The […]

News

MTN, Guinness, Unilever, 27 others commit to PLWDs’ employment

Over 30 multinational companies and institutions including MTN, Unilever, Guinness, among others, have pledged to engage qualified Persons Living With Disabilities in their various workforces, the Federal Government announced on Friday. Speaking on the side-lines of the Inclusion Works Programme organised by Sightsavers Nigeria in Abuja, which focused on empowerment and employment for PLWDs, the […]

WTO members rally behind Okonjo-Iweala for second term
News

Food security: Okonjo-Iweala optimistic as global trade ministers meet

The World Trade Organization chief voiced cautious optimism Sunday as global trade ministers gather to tackle food security threatened by Russia’s invasion of Ukraine, overfishing and equitable access to Covid vaccines. Speaking just hours before the opening of the WTO’s first ministerial meeting in nearly five years, Ngozi Okonjo-Iweala acknowledged that “the road will be […]

Oil production: Angola, Libya overtake Nigeria, says OPEC
Oil and Gas

Nigeria repays five oil firms’ $3.7bn debt, owes $972m Okechukwu Nnodim

Latest updates on Nigeria’s cash call arrears repayment showed that the country had so far repaid a total of $3.72bn to five international oil companies, leaving an outstanding balance of $971.8m. Data obtained from the country’s oil firm in Abuja on Friday indicated that the five IOCs include Shell Petroleum Development Company, Mobil Producing Nigeria, […]

Naira fall'll worsen Nigeria’s food, energy crisis — W’Bank
News

More Nigerians’ll fall into extreme poverty, World Bank predicts

The World Bank has predicted that more people in Nigeria and its Sub-Saharan neighbours are expected to fall into extreme poverty. According to a report obtained via a World Bank newsletter on Friday, titled, “Global Economic Prospects,” Russia’s invasion of Ukraine and its effect on the commodity market, supply chains, inflation, and financial conditions have […]

eNaira hits 905k downloads
Banking

CBN introduces USSD to boost eNaira

The Central Bank of Nigeria plans to introduce the Unstructured Supplementary code as part of steps to improve the Central Bank Digital Currency. This was disclosed by the Deputy Governor of the CBN, Kingsley Obiora, at the IMF African Department Speakers Series held virtually on Friday, according to Nairametrics.  Obiora said that Nigeria was doing […]

Banking

Unity bank projects N10.8bn gross earnings Q3 2022

Unity Bank Plc has announced that it aims to achieve N10.890 billion in gross earnings for the third quarter of 2022. Nairametrics reports state that Unity bank, in its Q1 earnings forecast obtained from the Nigerian Exchange Limited (NGX), the bank also projects to rake in N7.204 billion in interest income. The lender projected a […]

Telecommunications

NCC tasks Nasarawa PLWDs on NIN-SIM linkage

The Nigerian Communications Commission has appealed to Persons Living With Disabilities in Nasarawa State to approach their preferred telecommunication companies and link their National Identification Number to their Subscriber Identity Module. Speaking at the Inclusiveness of Persons With Disabilities Awareness and Engagement Programme in Lafia on Thursday, the Executive Vice-Chairman and Chief Executive Officer of […]

Group backs sale of NNPC
News

NNPC’s verified Twitter account hacked, recovered

The Nigerian National Petroleum Company Limited, which alarmed the general public that its official Twitter account was hacked and used to send inappropriate messages on June 8, 2022, has now been recovered. NNPC’s notice was contained in a public notice signed by the Group General Manager, Group Public Affairs Division, Mr. Graba Deen Muhammad, on […]

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