High fuel costs disallow cocoa processors amid price slump
Nigeria’s cocoa processors are struggling to benefit from the recent cocoa price collapse, with the industry failing to capitalise on cheaper raw…
Business
FG launches $2bn digital economy research cluster
The federal government has unveiled a $2 billion digital economy research cluster aimed at driving academic innovation. The Minister of Communications, Innovation…
NNPC ships first Cawthorne blend cargo to international market
The Nigerian National Petroleum Company Limited has achieved a significant milestone with the export of 950,000 barrels of Cawthorne blend crude to…
Pension industry forms consortium to bridge Nigeria’s infrastructure gap
The pension industry has commenced moves to establish an investment consortium aimed at bridging the huge infrastructural gap in the country. Director…
Oil prices drop as Middle East uncertainty keep traders on edge
Oil prices fell on Wednesday as market uncertainty over Middle East tensions outweighed optimism after United States President Donald Trump suggested the…
CBN confirms 33 banks meet new capital requirements
The Central Bank of Nigeria has announced that 33 banks have successfully met the new minimum capital thresholds set under its recently…
Dangote cargo reaches UK as Europe looks beyond Middle East
Nigeria is increasingly serving as an alternative supplier of aviation fuel to Europe, as tensions from the US-Iran conflict disrupt Middle East…
PenCom lifts age limit on personal pension plan for students, newborns
The National Pension Commission has removed the age restriction on its Personal Pension Plan, enabling students and even newborns to start saving…
FG raises gas price for power generation to $2.18/MMBTU
Nigeria’s fiscal burden from power sector subsidies is set to rise after the Federal Government, via the Nigerian Midstream and Downstream Petroleum…
W’Bank, ILO warn GenAI will reshape global labour markets
A new joint working paper by the International Labour Organisation and the World Bank has cautioned that generative artificial intelligence is set…
GTCO reports strong 2025 earnings with record dividend payout
Guaranty Trust Holding Company Plc has recorded interest income of N1.622 trillion for the audited financial year ended December 31, 2025, representing…
BUA Foods records ₦518bn profit amid Rabiu-Elumelu alliance
Nigeria’s industrial and financial heavyweights, the Founder and Chairman of BUA Group, Abdul Samad Rabiu, and Chairman of United Bank for Africa,…