Category: Business

Africa’s central bank reserves rise to $530bn

Africa’s central bank reserves climbed to $530 billion in 2025, largely supported by higher gold...

Unilever Nigeria Q1 revenue rises 26% to ₦59.2bn

Unilever Nigeria Plc has announced its unaudited financial results for the first quarter ended 31...

Nigeria loses ₦428bn annually to illicit spirits, wines trade — SWAN

Nigeria is losing an estimated ₦428 billion annually to illicit trade in spirits and wines,...

IEA slashes oil demand forecast, cites Iran war-driven energy crisis

The International Energy Agency has cautioned that the Iran war has unsettled global oil markets,...

Sanwo-Olu hails LIRS as key driver of Lagos economic growth

Lagos State Governor, Babajide Sanwo-Olu, on Wednesday praised the Lagos State Internal Revenue Service for...

Condom prices may rise amid Iran supply disruptions — Karex

The chief executive of Karex, the world’s largest condom manufacturer, has warned that prices could...

Flutterwave denies reports of $75m FG investment

Flutterwave has clarified reports claiming that the Federal Government of Nigeria invested $75 million in...

Tinubu sacks finance, housing ministers in FEC reshuffle

President Bola Tinubu has approved a minor reshuffle of the Federal Executive Council, relieving the...

Fraudsters demand crypto for safe passage through Strait of Hormuz – Report 

Fraudulent messages promising safe passage through the Strait of Hormuz in exchange for cryptocurrency have...

Tinubu appoints Fatima Zuntu as NBMA director-general

President Bola Tinubu has approved the appointment of Fatima Zuntu as the Director-General and Chief...

FCCPC hails judgment reinforcing its statutory enforcement powers

The Federal Competition and Consumer Protection Commission has welcomed a Federal High Court judgment in...

DisCos remitted N77.99 billion in Q4 2025 – NERC

Nigeria’s electricity distribution companies remitted a total of N77.99 billion in the fourth quarter of...