Business

NGX gains ₦237.8bn as FUGAZ banking stocks lead

  • 8th August 2026

X scraps revenue sharing, unveils original content rewards

  • 8th August 2026

Spain to impose border controls on Italian passengers

  • 8th August 2026

Burger King regains second spot in US burger

  • 8th August 2026

Contact Info

Some Populer Post

Nigeria risks losing $1.4bn US aid over Christians persecution

Finance

NGX urges Tinubu to support fintech’s domestic listing

Policy and Regulations

NGX gains ₦237.8bn as FUGAZ banking stocks lead Friday

Business

FG unveils unified regulatory framework for crypto industry

Policy and Regulations

Blog

Banking

GTCO half-year profit falls to N601bn

Guaranty Trust Holding Company Plc has published its audited financial results for the half year ended June 30, 2025, posting a pre-tax profit of N601 billion, down from N1 trillion in the same period of 2024. Profit after tax came in at N449.01 billion, lower than the N905.57 billion recorded in H1 2024. Despite the […]

Jim Ovia
Banking

Jim Ovia to receive N5.18bn interim dividend for H1 2025

Zenith Bank Plc will pay its founder and chairman, Jim Ovia, about N5.18 billion in interim dividends for the first half of 2025, reflecting the bank’s strong performance. Ovia’s direct holding of 4.14 billion shares qualifies him for a payout of N1.25 per share—25 per cent higher than the N1.00 declared in the same period […]

Diaspora Nigerians to pay ₦80,000 for remote BVN
featured

CBN cuts interest rate to 27%

The Central Bank of Nigeria’s Monetary Policy Committee has lowered the benchmark interest rate to 27.00 percent, marking the first adjustment of 2025. CBN Governor Olayemi Cardoso announced the decision on Tuesday at a press briefing following the 302nd MPC meeting in Abuja. The Committee decided as follows: (1) reduce the monetary policy rate by […]

Business

PENGASSAN, NUPENG raise alarm over proposed NNPC divestment

The Petroleum and Natural Gas Senior Staff Association of Nigeria and the Nigeria Union of Petroleum and Natural Gas Workers on Tuesday rejected alleged plans by the federal government to sell substantial stakes in Joint Venture assets operated by the Nigerian National Petroleum Company Limited. The unions cautioned that such a move would threaten economic […]

Dangote Refinery loses N32.5bn after petrol price cut
Business

Conoil, Eterna join Dangote Refinery free fuel distribution scheme

Major Nigerian petroleum marketers, including Conoil PLC and Eterna PLC, have teamed up with Dangote Petroleum Refinery to implement a logistics-free fuel distribution scheme. The Dangote Group confirmed the partnership in a social media announcement on Monday. The initiative, which also features companies such as Golden Super, Nepal Energies, Kifayat Global Energy, and Riquest and […]

featured

Top up fuel payment or request refund, NNPC tells marketers

The Nigerian National Petroleum Company Limited has urged petroleum marketers who applied to buy fuel via its online portal to adjust their payments to reflect current prices, warning that failure to do so may lead to the forfeiture of their allocations. NNPC spokesperson Andy Odeh said that marketers unable to meet the revised ex-depot rates […]

LCCI to launch innovation hub for startups, SMEs in Lagos
Business

LCCI urges customs to halt 4% FOB levy

The Lagos Chamber of Commerce and Industry has called on the Nigeria Customs Service to immediately halt the enforcement of the four per cent Free-on-Board levy, warning that the charge raises import costs, undermines competitiveness, and weakens investor confidence. In a statement on Monday, LCCI Director-General, Dr Chinyere Almona, expressed concern that Customs continues to […]

News

Nigeria’s external reserves hit six-year high with $42bn

Nigeria’s external reserves have risen to their highest level in six years, surpassing $42bn for the first time since September 2019. Central Bank of Nigeria data show the reserves stood at $42.03bn on 19 September 2025, signalling a strong rebound from earlier lows this year and boosting confidence in foreign exchange stability. This latest figure […]

Scientists launch Arabic-powered AI
Business

Nigeria-UAE non-oil trade hit record $4.3bn in 2024

Trade between Nigeria and the United Arab Emirates for non-oil commodities reached a record $4.3bn in 2024. The UAE Consul-General in Lagos, Salem Al Jaberi, disclosed this on Monday during an interactive session with Master’s students from the Department of Diplomacy and Strategic Studies, University of Lagos, who visited the consulate as part of their […]

CAC registers 330,000 small enterprises
Business

CAC to speed up company registrations with AI

The Corporate Affairs Commission has announced plans to deploy an Artificial Intelligence agent to address a backlog of 7,000 company registration applications and reduce service delays. Registrar-General and CEO of the CAC, Hussaini Ishaq Magaji, SAN, revealed this on Monday during a stakeholders’ forum in Kano. He stated that the AI agent will manage requests […]

MMA2 hikes parking, VIP lounge fees
Aviation

Muritala Muhammed Airport wins top aviation award

Murtala Muhammed Airport Two, operated by Bi-Courtney Aviation Services Limited, along with its Acting Chief Operating Officer, Remi Jibodu, garnered notable accolades at the recent CHINET Awards and the 21st AKWAABA African Travel Market. In a statement signed by Ajoke Yinka-Olawuyi, Head of Corporate Communications at Bi-Courtney Aviation Services, it was revealed that MMA2 was […]

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