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BUA cement announces revised date for ₦2.05 dividend

  • 8th May 2025

Lagos partners BOI, Sterling Bank to boost MSMEs

  • 8th May 2025
Disney, Warner Bros to launch joint streaming bundle

Disney beats Q2 expectations with strong Disney+ subscriber

  • 7th May 2025
Trump signs executive order establishing US Bitcoin reserve

Investors flee to Europe, Japan amid trade war

  • 7th May 2025

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9mobile loses over 300,000 subscribers as roaming deal with MTN faces delays

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UAE commits to $25bn Nigeria-Morocco gas pipeline project

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Opay warns users against crypto trading on platform
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Opay warns users against crypto trading on platform

One of Nigeria’s prominent fintech companies, OPay, has issued a stern caution to its users regarding cryptocurrency or any virtual currency trading within its app. “In compliance with the CBN directive, please note that OPay prohibits any cryptocurrency and all virtual currency trading. Any account engaging in such activities will be closed, and customer information […]

10 Nigerian states with cheapest healthy diets
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10 Nigerian states with cheapest healthy diets

As the cost of living continues to rise, access to affordable and nutritious food remains a pressing concern for households across Nigeria. The Cost of a Healthy Diet (CoHD) serves as a crucial measure in assessing the economic and physical accessibility of nutritious food options. According to data compiled by the National Bureau of Statistics […]

Agribusiness

FG, states urged to introduce digital training for farmers

Professor Adeolu Ayanwale has called on the Federal and State governments to prioritise digital training for farmers to end food insecurity. This was disclosed by Prof. Ayanwale during a training and capacity development workshop organised by the Commonwealth of Learning, Canada, according to The Punch. Ayanwale is a Professor of Agricultural Economics at the Obafemi […]

The Nigerian equities market closed in positive territory on Thursday, with investors pocketing a gain of N239bn in market capitalisation
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Investors gain N300bn as NGX begins May bullish

The Nigerian Exchange Limited began the month of May with a surge in market activity, as the All-Share Index appreciated by 0.55%, gaining 537.15 points to close at 98,762.78 points. Investors witnessed a significant increase in market capitalization, gaining N300 billion as it closed at N55.85 trillion, up from N55.55 trillion recorded on April 30th, […]

Apple partners Anthropic on AI-Powered 'vibe coding' platform
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Apple beats expectations, announces $110bn share buyback

Apple, the tech giant, surpassed modest expectations with its quarterly results and forecast on Thursday, unveiling a record share buyback program that sent its stock soaring by 6% in extended trade. The company increased its cash dividend by 4% and authorized an additional program to buy back $110 billion of stock, marking the largest buyback […]

Oil and Gas

9,000 marketers may lose licences – IPMAN

Over 9,000 oil marketing companies are in danger of losing their operating licences as Nigeria battles fuel shortages. This was revealed by the association in a press release signed by the National Public Relations Officer, Chief Chinedu Ukadike, on Thursday in Abuja, according to The Punch Consequently, the Independent Petroleum Marketers Association of Nigeria is […]

News

FG mandates banks to deduct stamp duty charges on mortgages

The Federal Government has mandated all Deposit Money Banks to immediately start the deduction of the 0.375 per cent stamp duty charge on all mortgaged-backed loans and bonds. Mortgage-backed loans and bonds are debt securities issued by governments, municipalities, corporations, or other entities to raise capital, while mortgage-backed loans are loans extended by financial institutions […]

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SERAP threatens to sue FG over Lagos-Calabar Coastal Highway project

The Socio-Economic Rights and Accountability Project has said it will sue the minister for works, David Umahi over the environmental and social impact assessment of the ongoing Lagos-Calabar coastal highway project. This was disclosed by SERAP via its official X handle on Thursday, issuing a freedom of information request against the minister. SERAP requested Umahi […]

10 facts about CBN governor-nominee Cardoso The President, Bola Tinubu, on Friday named Olayemi Michael Cardoso as the substantive Governor of the Central Bank of Nigeria. He is expected to replace the Acting Governor of the CBN Folashodun Shonubu if confirmed by the Senate. Below are 10 facts about him. i. Dr. Olayemi Cardoso hails from Lagos State, a city renowned for its vibrant economic and cultural diversity. ii.His parents were descendants of Brazilian returnees who belonged to prominent families in Popo Aguda, adding a rich cultural heritage to his background. iii. Dr. Cardoso's father, Felix Bankole Cardoso, made history as Nigeria's first indigenous Accountant-General of the Federation in 1963, setting a high bar for public service. iv. His academic journey began at Corona School Ikoyi, where he received his primary education, followed by St. Gregory's College in Lagos for his secondary education. v. Dr. Cardoso's pursuit of knowledge took him to Aston University, where he earned a Bachelor's degree (B.Sc.) in Managerial and Administrative Studies in 1980. vi. He continued his academic journey, earning a Master's degree in Public Administration in 2005 as a Mason Fellow, showcasing his commitment to continuous learning and growth. vii. Dr. Cardoso's career in finance included serving as the former chairman of Citibank Nigeria, where he undoubtedly honed his financial acumen. viii. His commitment to public service led him to serve as the Commissioner for Economic Planning and Budget in Lagos State during President Tinubu's tenure as the governor. ix. Dr. Cardoso is not just a participant in Lagos's economic development but also an architect. He is the founding chairman and co-chair of the Ehingbeti Summit, the Lagos State economic summit. x. Behind the impressive resume, Dr. Cardoso is a family man. He is married with five children and three grandchildren, embodying the values of responsibility and dedication.
Economy

CBN gov blames huge palliatives purchase for food price hike

The Governor of Central Bank of Nigeria, Olayemi Cardoso has said that government purchases of palliatives are a contributing factor to rising food prices in Nigeria. This was disclosed in a statement by the Cardoso at the recent monetary policy committee meeting held between march 25 and 26, 2024, according to nairametrics. According to the […]

150,000 Nigerians got FG's N50k grant - Minister
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FG extends deadline for $10b diaspora fund application

The Federal Ministry of Industry, Trade and Investment has extended the deadline for companies interested in managing the $10 billion Diaspora Fund to apply. This was disclosed by the Minister, Dr. Doris Uzoka-Anite in a circular on Thursday in Abuja and obtained by AMBusiness. Uzoka-Anite stated that the extension is designed to allow stakeholders additional […]

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