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Airtel Africa begins $100m share buy-back

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  • 25th March 2026

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

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Nigeria’s capital inflows jump 88.5% amid reforms

Finance

Court orders final forfeiture of $13m linked to Lagos

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

Oil and Gas

Court nullifies CBN’s dissolution of Union Bank board

Banking

Tag: News

Iranian hackers target US elections, Microsoft warns
Crypto

Hackers stole $1.7bn crypto in 2023 – Report

In 2023, cryptocurrency platforms experienced approximately $1.7 billion in theft due to hacker attacks, a significant drop of 54.3% from the previous year, a report released by Chainalysis on Wednesday said. The crypto industry continues to grapple with cyber attacks, which remain a major concern and contribute to the skepticism of regulators worldwide towards cryptocurrencies. […]

NNPCL fuel subsidy gains not fully remitted - World Bank
Economy

W’Bank predicts 3.7% growth for Nigeria’s economy in 2025

The World Bank’s recent report, “Global Economic Prospect: Subdued Growth, Multiple Challenges,” estimated that Africa’s largest economy will grow by 3.3%, up from 2.9% in 2023. According to the research, “Growth in Nigeria is projected to be 3.3% this year and 3.7% in 2025—up 0.3 and 0.6 percentage points, respectively, since June—as macroeconomic reforms gradually […]

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, […]

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 […]

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 […]

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 […]

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 […]

Bitcoin holder Micro Strategy loses $440K to hackers
Crypto

Bitcoin falls to $30K

Alex Omenye Despite the United State’s government endorsing Bitcoin Spot ETFs, the price of bitcoin fell precipitously in January. A striking contrast to the lofty trusts that the cryptocurrency sector had before the SEC made its decision. Bitcoin ETFs have sparked intensely optimistic estimates for the price of BTC and have been hailed as a […]

Bricklinks Africa's revenue falls by 9%
Business

Bricklinks Africa’s revenue falls by 9%

Internet Service Provider, Bricklinks Africa, has reported a 9.82 per cent revenue decline for the fiscal year ending December 2023. The PUNCH reported that according to the financial statements for the fiscal year ending December 31, 2023, filed with the Nigerian Exchange Limited on Monday, the ISP’s turnover decreased to N96.770m from N107.312m in 2022. During […]

Cooking gas prices skyrocket by 114% in 16 months - Report
Energy

10 states with highest cooking gas price

The average cost of a 5kg cooking gas cylinder saw a national increase of 8.70%, rising from N4,565.56 in December 2022 to N4,962.87 in December 2023. This information was revealed in the December 2023 Liquified Petroleum Gas price watch report published by the National Bureau of Statistics NBS. Notably, the price of cooking gas showed […]

Terraform Labs files for bankruptcy
Crypto

Terraform Labs files for bankruptcy

Crypto company, Terraform Labs, the company that caused the collapse of two stablecoins, Luna and TerraUSD, to wipe approximately $40 billion from the cryptocurrency market filed for Chapter 11 bankruptcy protection on Sunday. According to Bloomberg, the cryptocurrency company’s estimated liabilities and assets fall between $100 million and $500 million, and its estimated creditor count […]

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