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Airtel Africa begins $100m share buy-back

Airtel Africa names Gopal Vittal new chairman

  • 25th March 2026

SEC DG secures second term as IOSCO regional

  • 24th March 2026

FG launches national single window to cut port

  • 24th March 2026

Unilever Nigeria’s profit surges 128% to ₦51.7bn

  • 24th March 2026

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Court orders final forfeiture of $13m linked to Lagos

featured News

Crude-for-naira: Dangote refinery gets only five of 15 cargoes,

Oil and Gas

Court nullifies CBN’s dissolution of Union Bank board

Banking
Fraud losses decline in Nigerian banks in Q1 2024 - Report

Nigerian banks raise ₦4.61trn ahead of recapitalisation deadline

Banking

Tag: Finance

NGX to draw in more investors - CEO
Business

NGX index exceeds 100,000 points

The benchmark index of the Nigerian Exchange Limited broke beyond the 100,000 basis point barrier on Wednesday, creating a new record high. The PUNCH reported that at the closing of trade, the local bourse’s All-Share Index rose 2,954.14 points, or 2.99 per cent, to a record high of 101,571.11. The ASI ended 2023 at 74,773.77, […]

Google unveils AI-powered educational tools
Tech

Google unveils AI-powered educational tools

Google has launched a suite of new tools for classroom management, enhanced accessibility, and AI-powered capabilities for generating questions and crafting lesson plans. Google’s Classroom already enables teachers to append questions to YouTube videos within assignments. The tech giant announced that soon, AI will offer question suggestions at various points in the video. This feature […]

Opay warns users against crypto trading on platform
Tech

Opay to remove fraudulent accounts from system

Leading fintech company in Nigeria, OPay, has announced that it will be purging fraudulent accounts from its system starting March 1, 2024. This was disclosed at a press conference on Wednesday, where the mobile money firm also noted that accounts not compliant with Know Your Customer regulations will be blocked. KYC is a mandatory process […]

Economy

Inflation’ll drop to 21.4% in 2024 – CBN gov

The Governor of the Central Bank of Nigeria anticipates that headline inflation will decrease to 21.4 percent in 2024. This projection was revealed in his keynote address at the unveiling of the Nigerian Economic Summit Group’s macroeconomic outlook report for 2024. During his speech, he explained, “Owing to the CBN’s inflation-targeting measures, we expect a […]

eBay plans to lay off 1,000 workers
Business

eBay plans to lay off 1,000 workers

Alex Omenye E-commerce giant eBay said on Wednesday that it intends to lay off 1,000 workers, or around 9% of its staff due to the current state of the economy. In a blog post, the company announced that it will be eliminating contract positions in the upcoming months. CEO Jamie Iannone acknowledged that although the […]

US mission in Nigeria launches tech centre in Lagos
Tech

US mission in Nigeria launches tech centre in Lagos

Alex Omenye The United States Mission in Nigeria has launched an advanced American Space in Lagos, named the American Corner Lekki. The centre is aimed at promoting youth innovation, entrepreneurship, and creativity. This technology hub aligns with the Biden Administration’s U.S. Strategy for Sub-Saharan Africa, emphasizing digital transformation and the development of an inclusive digital […]

Power crisis hits manufacturers as energy costs rise 27%
Business

FG plans to sell five power plants for $1bn

The Federal Government, through the Bureau of Public Enterprises, is now conducting transactions to sell five power plants under the National Integrated Power Projects for around $1.15 billion. Although individuals involved with the development said that the cost of the plants should surpass $5 billion based on worldwide benchmarks, they revealed that the BPE was […]

Chery Automobile sales increase by 52.6%
Business

Chery Automobile sales increase by 52.6%

Chery Automobile says it sold 1,881,316 automobiles in 2023, a 52.6 per cent increase over the previous year. The PUNCH reported that this was announced in a statement by Chery Automobile’s official national partner in Nigeria, Carloha. The Chinese automaker reported that around 937,148 automobiles were exported, indicating a 101.1 per cent rise over the […]

Banks offload final $1.2bn debt From Musk’s Twitter buyout
Tech

X replaces SMS 2FA support with passkeys on iOS

X, previously known as Twitter, announced on Tuesday the introduction of support for passkeys, a newer and more secure method of logging in compared to traditional passwords. This feature will soon be available to U.S. users on iOS devices. This technology is gaining popularity and has been integrated into various apps recently, including PayPal, TikTok, […]

Amazon, OnlyFans founder express interest as TikTok sale deadline nears
Tech

TikTok lays off 60 staff

TikTok has recently undergone a workforce reduction of approximately 60 positions, primarily in sales and advertising, marking the latest instance of a tech company implementing layoffs in a challenging January. Despite facing congressional scrutiny due to its Chinese parent company, TikTok, headquartered in Los Angeles and Singapore, maintains its status as the leading app on […]

FG opens applications for Girls in ICT competition
Tech

FG opens applications for Girls in ICT competition

The Federal Government through the Ministry of Communications, Innovation and Digital Economy, opened the portal for applications for Nigerian girls to participate in its latest initiative called the National Girls in ICT Competition. The Ministry announced this initiative, which is aimed at bridging the current gender gap in the ICT space in Nigeria, via a […]

10 oldest African billionaires in 2024
News

10 oldest African billionaires in 2024

Within this vast economy are high-net-worth individuals whose entrepreneurial zeal and long-term success have made headlines for decades. These elderly billionaires have navigated economic downturns, political upheaval, and shifting market landscapes, putting their resilience to the test. However, their capacity to adapt, innovate, and overcome adversity has been critical to their sustained success. AMBusiness highlights […]

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