Business

US, Iran near deal to reopen Strait of

  • 4th August 2026

ICYMI: Amazon’s market value hits $3trn on AI

  • 4th August 2026

Electricity metering hits 59.69% as DisCos add 349,357

  • 4th August 2026

Prioritise infrastructure execution over bigger budgets – Okonjo-Iweala

  • 4th August 2026

Contact Info

Some Populer Post

Hackers steal $130m in Bitcoin from Coldcard wallets

featured

Apple seeks court order to block OpenAI AI device

Tech

Amazon faces antitrust lawsuit over treatment of delivery contractors

Tech

US, Iran near deal to reopen Strait of Hormuz

Business

Blog

featured News

Reps reject minority caucus tax laws probe report

The House of Representatives has rejected the report of an ad hoc committee constituted by the minority caucus to re-examine the recently enacted tax laws, stating that the action is procedurally improper and lacks official parliamentary backing. In a statement issued on Saturday by its spokesman, Akin Rotimi, the lower chamber explained that under its […]

Economy

Private sector credit rebounded to ₦75.8tn in December 2025

Private sector credit rose to N75.8 trillion in December 2025, up from N74.63 trillion in November, reflecting a modest rebound in lending activities at the end of the year. The data was released by the Central Bank of Nigeria as part of its latest monetary and credit statistics. While the increase points to improving lending […]

Conferences

Ministers, regulators convene in Lagos for electricity reforms

Ministers, regulators, and other stakeholders in the power sector will meet in Lagos to discuss solutions to Nigeria’s power challenges. Smart-grid solutions provider, NOJA Power Australia, will on Tuesday, January 27, host a high-level executive dialogue aimed at strengthening collaboration among states, regulators, distribution companies, and financiers in Nigeria’s electricity sector, as the industry adjusts […]

featured Finance

Naira weakens to ₦1,421.63/$ amid persistent FX demand pressure

The naira closed the week on a weaker note across both official and parallel market segments, with analysts pointing to supply constraints and demand pressures in the foreign exchange market. At the Nigerian Autonomous Foreign Exchange Market, the local currency shed recent gains to settle at N1,421.63 to the dollar from N1,417.94/$ in the previous […]

Business

Unilever Nigeria’s 2025 profit after tax hit N30.7bn

Unilever Nigeria Plc has reported a 99 per cent increase in profit after tax to N30.7 billion for the financial year ended 31 December 2025, driven by revenue growth, improved operating performance, and higher finance income. According to its Unaudited Interim Financial Statements for the Year Ended December 31, 2025, released on the Nigerian Exchange […]

No link between mobile phones and brain cancer - WHO
featured Helth

WHO regrets US withdrawal, warns world now less safe

The World Health Organisation has expressed deep regret over the United States’ notification of withdrawal from the global health body, warning that the decision would make both the U.S. and the rest of the world less safe. In a statement issued yesterday, WHO noted that the United States, as a founding member of the organisation, […]

Electricity featured

DisCos slam Adelabu’s free metre directive, call it populist statement

Power distribution companies have expressed doubt over the directive by the Minister of Power, Adebayo Adelabu, that prepaid metres must be free for all categories of customers. Operators, who spoke with journalists anonymously due to the sensitivity of the matter, said the minister made only a political statement without considering the input of other stakeholders, […]

Samsung reports profit amid AI-driven chip demand
Tech

Samsung moves closer to Nvidia clearance for HBM4 AI chips

Samsung Electronics has reached the final qualification phase for its HBM4 AI memory chips with Nvidia, marking a key move in its bid to compete with industry leaders SK Hynix and Micron Technology. The company said it plans to start mass production of HBM4 chips in February, though the timing for actual shipments has not […]

Business

Nigeria eyes Africa’s second-largest cloves production with 74,000 farmers

Nigeria is poised to become Africa’s second-largest commercial producer of cloves, with 74,000 farmers gearing up to participate in the country’s first-ever nationwide cloves farming initiative ahead of the 2026 wet season. The National Coordinator of the Cloves Producers Association, Malam Abdullahi Shuaibu, made this disclosure during the North-West Farmers Training Workshop held at Ahmadu […]

Customers metres to be repaired in two days - NERC
featured

DisCos kick against FG’s free prepaid meter directive

Power distribution companies have raised concerns about the directive issued by the Minister of Power, Adebayo Adelabu, mandating that prepaid meters be provided free to all customer categories. Speaking anonymously due to the sensitive nature of the issue, industry operators said the announcement appeared more political than practical, noting that it failed to reflect consultations […]

LIRS sets January 31st deadline for filing tax returns
Business

LIRS begins enforcement of substitution powers for tax recovery

The Lagos State Internal Revenue Service has announced plans to enforce its statutory power of substitution under the Nigeria Tax Administration Act 2025 to recover unpaid tax obligations from defaulting taxpayers. The agency made this known in a public notice, explaining that the action will be carried out in line with Section 60 of the […]

Tinubu orders NNPC to sell Crude to Dangote in Naira
featured News

Tinubu heads to Turkey for strategic state visit Monday

President Bola Ahmed Tinubu will depart Abuja on Monday for a state visit to the Republic of Türkiye, aimed at deepening diplomatic and economic relations between the two countries. The visit was announced on Sunday by the President’s Special Adviser on Information and Strategy, Bayo Onanuga, through an official statement. The Presidency stated 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