Business

Nigeria’s IMTO inflows surge 45% to record $1.29bn

  • 19th August 2026

NSDC mobilises $1bn for sugar self-sufficiency

  • 18th August 2026

NAFEM turnover hits $1.41bn, highest in weeks

  • 18th August 2026

US states seek major changes as Meta child

  • 18th August 2026

Contact Info

Some Populer Post

Nigeria’s IMTO inflows surge 45% to record $1.29bn in

Business

OpenAI unveils ChatGPT for teens with stronger safety protections

Tech

US states accuse Meta of hiding Instagram addiction research

Tech

NERC gives Kaduna DisCo 12 months to restore growth

Electricity

Blog

featured Finance

Naira depreciates to ₦1,403/$ as market tap widens

The Naira on Thursday depreciated to N1,403 per dollar in the parallel market from N1,385 per dollar on Wednesday. Similarly, the naira depreciated to N1,371.4 per dollar in the Nigerian Foreign Exchange Market. Data from the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the market rose to N1,371.4 per dollar […]

featured Investment

South Africa invests $983.83m in Nigeria despite xenophobic attacks

South African investors channelled $983.83 million into Nigeria in the first quarter of 2026 despite recurring xenophobic attacks against Nigerians and other African migrants in the country, new data from the National Bureau of Statistics has shown. The figure represents a 90.31 per cent increase from the $516.96 million recorded in the fourth quarter of […]

Business

African startups raised $3.9bn in 2025 as funding rebounds — Report

African startups raised $3.9 billion across 506 deals in 2025, signalling a recovery in fundraising activity after earlier market challenges, according to a new report by Bloomwit Africa. The report stated that technology funding exceeded $4 billion through a combination of equity and debt financing, representing an estimated 25 per cent year-on-year increase, with venture […]

Business

Nigeria’s exports earning hit $1.2bn as container throughput surges

Nigeria’s export trade experienced significant growth between January and May 2026, with export earnings rising to $1.218bn as container throughput more than doubled over the period, according to the Nigeria Customs Service. The NCS said it processed 21,376 export containers within the five-month period, attributing the improvement to increased export activities and sustained trade facilitation […]

Electricity

TCN transfers Gwagwalada control centre extension to NISO

As part of ongoing efforts to enhance electricity grid management in Nigeria, the Transmission Company of Nigeria has formally handed over the control room extension housing the Supervisory Control and Data Acquisition/Energy Management System at the Gwagwalada 330kV Transmission Substation to the Nigerian Independent System Operator. In a statement issued on Thursday, the General Manager […]

featured

Dangote Refinery slashes petrol ex-gantry price to N1,075/litre

The Dangote Petroleum Refinery has reduced its ex-gantry price of Premium Motor Spirit, popularly known as petrol, from N1,125 per litre to N1,075 per litre. The N50 per litre reduction, representing a 4.4 per cent decrease from the previous price, is expected to further intensify competition in Nigeria’s downstream petroleum sector. This is the refinery’s […]

Tech

Meta defends WhatsApp username rollout amid India’s cybercrime warning

Meta Platforms has defended the introduction of usernames on its messaging platform after the Indian government warned on Wednesday that the feature could contribute to an increase in cybercrime. “Users still require a phone number to use WhatsApp, and we’ve built multiple layers of defense against scams into usernames,” a Meta spokesperson stated, according to […]

Tech

Google loses appeal as EU’s highest court backs €4.1bn fine

Europe’s highest court on Thursday upheld a roughly €4.1bn ($4.67bn) antitrust fine imposed on Google over alleged anti-competitive practices linked to its Android mobile operating system. The European Commission imposed the record penalty in 2018, finding that Google abused Android’s dominant market position by requiring smartphone manufacturers to pre-install its apps, giving them an unfair […]

Business

NDIC assumes control of 46 failed microfinance banks’ liquidation

The Nigeria Deposit Insurance Corporation has formally taken over the liquidation of 46 microfinance banks following the revocation of their operating licences by the Central Bank of Nigeria on Wednesday. The NDIC was appointed as the official liquidator under Section 12(2) of the Banks and Other Financial Institutions Act 2020 and Sections 55(1) and 55(2) […]

Business

Oil slips below $71 as Iran-US talks ease supply concerns

Oil prices declined for a third straight session on Thursday as concerns over potential supply disruptions eased after Qatar announced that Iran and the United States had made progress in discussions regarding the Strait of Hormuz. Brent crude futures dropped 66 cents, or 0.92 per cent, to $70.91 per barrel as of 0758 GMT, while […]

Business

Nombank targets Nigeria’s SME market with data-driven lending strategy

Nombank, the banking subsidiary of Nigerian fintech Nomba, is targeting a larger share of Nigeria’s small business banking market by leveraging merchant transaction data to provide loans and other banking services to businesses that have long faced difficulties accessing finance from traditional lenders. The move comes amid growing competition among financial institutions to serve Nigeria’s […]

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