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

Business

Sanwo-Olu proposes N4.24tn 2026 budget to Lagos Assembly

Lagos State Governor Babajide Sanwo-Olu has proposed a record N4.237 trillion budget for 2026, dubbing it the “Budget of Shared Prosperity.” The proposal, presented to the State House of Assembly, represents a significant increase of over N1 trillion from the 2025 budget. Sanwo-Olu affirmed that Lagos remains a leading continental economic hub. “This budget is […]

Banking

16 banks now compliant with recapitalisation threshold – CBN

The Central Bank of Nigeria has announced that 16 banks have now met its recapitalisation requirements. CBN Governor Olayemi Cardoso shared this update, noting an increase from the 14 compliant banks reported in September. This signals steady progress as the industry works to meet the March 2026 deadline. “The committee noted with satisfaction the sustained […]

GTCO hits N433bn profit in Q3 2023
Business

GTCO, Access bank gain amid widespread market losses

The equities market opened the week on a bearish note, as gains in GTCO Plc and Access Holdings Plc, and 14 other stocks were not enough to offset widespread losses across sectors of the equities market, especially the financial services sector, on Monday. The Nigerian Exchange benchmark All-Share Index, which measures the performance of traded […]

featured Finance

ICYMI: Pastors, Imams must pay personal tax — Oyedele

The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has clarified that pastors, imams, and other religious workers are liable to pay tax on the salaries they earn from religious institutions. Speaking on the podcast ‘Mic On’, Oyedele stressed that while churches, mosques, and other religious bodies are exempt from […]

Tech

Paystack confirms co-founder Olubi’s sack

Paystack has clarified the reasons behind terminating its Co-founder and former Chief Technology Officer, Ezra Olubi, stating that the decision was made in accordance with its contractual rights and that due process was fully observed. In a statement issued to TechCabal on Monday, the company emphasized that the termination is unrelated to the ongoing independent […]

Banking

CBN to clamp down on repeated dud cheque offenders

The Central Bank of Nigeria has proposed a strict new crackdown on repeat offenders of “dud cheques.” Under draft guidelines released for consultation, individuals could face an automatic five-year ban for each subsequent offence. This new policy, established under the CBN Act and BOFIA 2020, would replace all previous regulations on the matter. The draft […]

Gradual removal of old naira notes continues – CBN
featured Finance

Nigeria’s money supply hits N117.8tr in two years

The money supply flowing into Nigeria’s economy has substantially risen, reaching a record N117.8 trillion in two years, a period characterized by increasing bank credit extended to the government. Findings from the Central Bank of Nigeria data, as reported by Vanguard, reveal that the broad money supply, M3, expanded by 75.9 per cent to N117.783 […]

Business

Afreximbank vows robust trade financing to unlock full AfCFTA benefits

Afreximbank has reiterated its strong commitment to accelerating intra-African trade, industrialisation, and value-chain integration within the framework of the African Continental Free Trade Area. The bank pledged enhanced trade-financing solutions and intensified policy support to ensure every African nation benefits fully from the implementation of the single continental market. These commitments were announced in Abuja […]

Nigeria’s debt crisis deepens as FG borrows N10.85trn in four months
featured Finance

Naira holds steady, narrows official, parallel markets gap

The Nigerian naira was actively traded at approximately ₦1,456 to the US dollar in the official Daily Nigerian Foreign Exchange Market on Tuesday, November 25, 2025. In contrast, the parallel, or black market, quoted the greenback between ₦1,455 and ₦1,465. The NFEM’s official volume-weighted average price was roughly ₦1,456 per $1. Parallel market dealers indicated […]

Business

NNPCL to pick private partners 2026

The Nigerian National Petroleum Company Limited has set a new deadline of June 2026 to select technical partners for the rehabilitation and operation of Nigeria’s three state-owned refineries, after repeated delays and a severe erosion of in-house refining expertise. Speaking at a press briefing in Abuja on Monday, where NNPCL announced a record Profit After […]

Oil and Gas

NNPCL declares N5.4tr profit

The Nigerian National Petroleum Company Limited has declared a profit after tax of N5.4 trillion for the 2024 financial year, a growth of 63.6 per cent when compared to N3.3 trillion recorded in the previous year. The company’s revenue also grew to N45.07 trillion from N23.9 trillion recorded in 2023. The NNPC financial statements released […]

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