Business

Airtel, FUGAZ banks drive NGX recovery rally

  • 24th June 2026

MAN laments sharp decline of bank credit to

  • 23rd June 2026

SEC warns against unapproved Dangote refinery IPO promotions

  • 23rd June 2026

Allen Onyema urges boycott of S’Africa over xenophobic

  • 23rd June 2026

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Petrol price rose 55% to ₦1596/litre in May —

featured Oil and Gas

FG hands over rent-to-own houses to FCT beneficiaries

Housing

Naira slumps to four-week low at ₦1373/$

featured Finance

Airtel, FUGAZ banks drive NGX recovery rally

Business

Tag: Economy

Over 200,000 Kebbi residents to receive N75,000 from FG
News

Over 200,000 Kebbi residents to receive N75,000 from FG

The Kebbi State Government has said that the Renewed Hope Cash Transfer project will pay N75,000 to 211,699 people throughout the state’s 21 local government areas (N25,000 per circle for three payment circles). The Kebbi State Commissioner for Humanitarian Affairs, Alhaji Muhammad Hamidu-Jarkuka, made the announcement on Friday at a one-day refresher training for local government […]

Jigawa targets two million tonnes wheat production 2024
Business

Jigawa targets two million tonnes wheat production 2024

Jigawa State Governor, Umar Namadi has announced that his state planned to produce two million tonnes of wheat to help Nigeria achieve food sufficiency. Arise News reported that according to Namadi, Jigawa’s output target will be met by the National and State Wheat Development Programs. The governor revealed this to reporters on Thursday after meeting with President […]

Only four Nigeria states attract foreign investment in Q4 - Report
News

Foreign investment in manufacturing sector falls by 54% – NBS

The latest Capital Importation data from the National Bureau of Statistics shows that foreign investments in Nigeria’s manufacturing sector decreased by $326 million (54%) to $279.5 million in the third quarter of 2023 from $605 million in the second quarter. According to The PUNCH, the report’s further research, despite the large decline, the production sector […]

Business

Worst performing African currencies against US dollar in 2023 – Report

African currencies have recently suffered significant losses, particularly against the celebrated US dollar. AMBusiness reported that the depreciation has generated concerns about some African countries’ economic stability, affecting trade balances, inflation rates, and residents’ purchasing power. Here are the African currencies that will perform the poorest against the US dollar in 2023: Countries such as Nigeria, Kenya, […]

Top five safest countries to travel in 2024
News

Top five safest countries to travel in 2024

Iceland has emerged as the safest country to travel to in 2024 in a new report from International SOS— which provides travelers with priceless information on medical and travel security risks. International SOS projects which countries are the safest, which are the riskiest, and what problems travelers will have in the upcoming year in its […]

Nigeria’s biggest syringe manufacturer shuts down
News

Nigeria’s biggest syringe manufacturer shuts down

The Akwa Ibom State-based Jubilee Syringe Manufacturing Company has ceased operations and announced a temporary layoff. According to the company, “unforeseen circumstances affecting our business operations” are the reason for the decision. In 2017, the company was commissioned by former Vice President Yemi Osinbajo, which is thought to be the biggest syringe-manufacturing enterprise in Africa. […]

Dangote fuel will be sold in naira not dollars - IPMAN
Oil and Gas

No plans to increase fuel price – NNPCL

The Nigerian National Petroleum Company Limited (NNPC Ltd) has stated that there would be no increase in the price of Premium Motor Spirit, commonly known as petrol. This was announced in a statement on X which was signed by the company’s chief corporate communications officer, Olufemi Soneye, as it warned motorists against panic buying. The statement came […]

NGX Group reports N5.2bn after tax
Business

NGX shareholders gain over N2trn in five days

Alex Omenye In five trading days, from December 27, 2023, to January 3, 2024, the value of stocks listed on the NGX increased by around N2.063 trillion. This increase was accompanied by a 5.11% increase in the NGX All-Share Index. Starting on December 27 at 73,768.64 points, this increasing trend reached a closing value of […]

Aviation

Most punctual African airlines in 2023 – Report

Cirium’s yearly assessment of the world’s top global airlines for on-time performance has revealed that South Africa’s Safair and Kenya Airways were among the most punctual airlines in the Middle East and Africa region in 2023. AMBusiness reports that Safair ranked second on the list with an excellent on-time arrival percentage of 92.36%, while Kenya […]

S'African billionaire dethrones Dangote as Africa’s richest man
Business featured News

S’African billionaire dethrones Dangote as Africa’s richest man

Johann Rupert and family have emerged as the richest man in Africa, dislodging Aliko Dangote as the continent’s wealthiest man in a list released by Forbes Magazine. Nigerian billionaires; Rabiu Abdulsamad and Mike Adenuga have lost their spots in the billionaire rankings released by the financial magazine In the list, the Forbes Daily billionaires ranking […]

Manufacturers warn price hikes to persist without solutions
featured

2024 may not be positive, Nigerian manufacturers reveal

The Manufacturers Association of Nigeria, has stated that 2024 may not be a good year for the Nigerian manufacturing industry, at least not in the first half of the year. According to Arise News, the declaration was contained in MAN’s “Manufacturing Sector Outlook for 2024,” which was released on Tuesday by MAN’s Director General, Mr. […]

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