Business

Cashew industry generates over $400m from export –

  • 23rd January 2026

Nestlé ‘recovers all plastic’ placed on Nigerian market

  • 23rd January 2026

Tinubu approves commercial oil exploration at Tongeji Island,

  • 23rd January 2026

Seplat Energy appoints Tony Elumelu as non-executive director

  • 22nd January 2026

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Cashew industry generates over $400m from export – FACAN

Business

CBN refund billions as 2025 customer complaints hit record

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Tinubu approves incentives to fast-track Shell’s $5bn Bonga S’west

Business

FG disburses N152bn to contractors amid ongoing payment protests

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FCMB raises ₦147.5bn in oversubscribed public offer
Banking

FCMB increases earnings by 207% to N95bn

FCMB Group has recorded a 206.86 per cent increase in profit for the fiscal year ending December 2023 to N95.52 billion. According to The PUNCH, this was revealed in the unaudited annual report and financial accounts submitted to the Nigerian Exchange Limited on Friday. FCMB’s profit was enhanced by gains in interest and discount revenue of […]

Business featured

10 unbelievable things Nigeria imports

Countries around the globe frequently partake in the importation of goods, especially when local manufacturing or production cannot meet the demands of a burgeoning population. This global phenomenon underscores the essential nature of importation in sustaining economies. Importation is the process of transporting goods and products across international borders, contributing to the exchange of resources […]

Moniepoint records 5.2bn transactions in 2023
Tech

Moniepoint records 5.2bn transactions in 2023

Nigeria’s payments startup Moniepoint ended 2023 with 5.2 billion transactions over its online, mobile, card, and in-person payment channels, averaging 433 million transactions each month, according to TechCabal. The transactions totaled more than $150 billion in value. Compared to 2022, when the startup did 1.7 billion transactions valued at over $100 billion, that is a […]

Salesforce acquires Informatica in $8bn deal
Tech

Salesforce cuts workforce by 700

Salesforce is reducing its workforce by approximately 700 positions, accounting for about 1% of its global employee base, as per a Friday report by the Wall Street Journal. Despite this reduction, Salesforce currently has around 1,000 vacancies across various departments, suggesting that this move might be a strategic realignment of its human resources, as indicated […]

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 […]

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 […]

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 […]

Top 10 billionaires in the world 
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Top 10 billionaires in the world 

The Forbes Real – Time Billionaires list has revealed that Elon Musk is the world’s wealthiest person as of 18 January 2024, with a staggering net worth of over $227 billion. He is the CEO of a number of companies, including electric car manufacturer Tesla and space exploration company SpaceX and his recently purchased Twitter now known […]

Oil and Gas

No plan to leave Nigeria – Shell

Shell Plc has dismissed reports that it may leave Nigeria after selling its onshore business in the Niger Delta. Recall that Shell said on Tuesday that it has “reached an agreement to sell its oil business in the Niger Delta, the Shell Petroleum Development Company of Nigeria Limited” to Renaissance Africa Energy. The announcement sparked a […]

Nigerian Exchange ahead in Africa with 33.70% gain
Business

Naira falls to 1300/$ at parallel market

The naira fell to N1,300/$ on the parallel market on Tuesday. As confirmed with the Bureau de Change operators, this comes after it closed trading on the Peer-to-Peer cryptocurrency window at N1,315.3/$1 for the day. An Abuja Bureau de Change operator in Zone 4, Magaji Muhammed, reported the rate climbed to N1,300/$ on Tuesday. He replied, […]

Instagram cuts 60 jobs
News Tech

Instagram cuts 60 jobs

Instagram has laid off staff at the management level by cutting 60 technical program manager roles, The Information reported. The affected workers have two months to apply for other positions inside the organization. If they are unable to find another position inside the organization after the two months, their employment will end. A former employee […]

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