HomeBusiness

Business

Politics

Momodu: zoning debate will hand Tinubu 2027 win

Veteran journalist Dele Momodu warns that the opposition's zoning debate could split its base and hand President Tinubu a second term in 2027.
News

Ibrahim orders Nigerian Mission to bank with UBA

UN Ambassador Jimoh Ibrahim has ordered Nigeria's Permanent Mission in New York to open a UBA account within seven days, ending a 42-year banking gap.

Keep exploring

Business

Dangote lifts Ethiopia investment to $4billion, pledges African food security

Aliko Dangote raised his Ethiopia investment from $2.5 billion to over $4 billion, pledging that fertilizer plants will deliver food security across Africa.
Business

Nigeria’s Inflation Rate Climbs to 15.69% in April Despite Slower Food Price Growth

KEY POINTS Nigeria’s inflation rate rose slightly to 15.69% in April 2026 after the...
Business

Dangote details mafia fight against $20bn Lekki refinery

Aliko Dangote said a fuel-import 'mafia' tried to block his $20bn Lekki refinery as land, currency and infrastructure costs piled up.
Business

Forex shock will swallow tariff cut on car prices, stakeholders warn

Nigerian car prices will not drop despite FG's tariff cut from 70 to 40 percent because forex, logistics and port costs dominate vehicle landing prices.
Business

LPG price set to hit N1,500/kg as depot stocks dry up

Nigerian cooking gas could rise to N1,500 per kilogram from N1,300 as depot stocks thin and only Dangote Refinery, Ardova and Navgas have supplies.
Business

Nigerian brewers post 117 percent profit jump in 2025

Nigeria's top four brewers grew combined profit 117 percent to N317.2 billion in 2025 on N2.8 trillion in revenue, driven by aggressive product re-pricing.
Business

Otedola scores N49.6bn paper gain as FirstHoldCo Q1 profit jumps 72 percent

Femi Otedola added N49.6 billion to his paper wealth as FirstHoldCo's stock jumped 10 percent on a 72 percent leap in Q1 profit.
Business

How Otedola’s bad-loan cleanup powered FirstHoldCo to $233m Q1 profit

FirstHoldCo's Q1 2026 profit jumped 72 percent to N321 billion, vindicating Femi Otedola's N830 billion bad-loan cleanup and lifting the bank above GTCO and Access.
Business

Sunbeth’s Owoyemi unveils cocoa, cashew plants for 2027

Olasunkanmi Owoyemi's Sunbeth Global Concepts will commission a 70,000-tonne cocoa plant and 80,000-tonne cashew facility in March 2027, deepening Nigeria's agro-processing capacity.
Business

Shell Q1 profit jumps 19 percent on Middle East war prices

Wael Sawan's Shell posted a 19 percent jump in first-quarter net profit to $5.69 billion as the Middle East war pushed global oil prices higher.
Business

Access Holdings: BOFIA rule, not earnings, paused dividend

Access Holdings said a BOFIA limit on its foreign banking subsidiaries, not weak earnings, paused 2025 dividend payments; CEO Innocent Ike pledged a resumption.
Business

Dangote cement exports jump 71.6 percent, Q1 profit N421bn

Dangote's cement business posted a 71.6 percent jump in exports and 35 percent profit surge in Q1 2026, lifting African capacity to 55 million tonnes.
Load more

Latest articles

Politics

Momodu: zoning debate will hand Tinubu 2027 win

Veteran journalist Dele Momodu warns that the opposition's zoning debate could split its base and hand President Tinubu a second term in 2027.
News

Ibrahim orders Nigerian Mission to bank with UBA

UN Ambassador Jimoh Ibrahim has ordered Nigeria's Permanent Mission in New York to open a UBA account within seven days, ending a 42-year banking gap.
Politics

Goronyo: Tinubu committed to Nigeria’s growth

Bello Goronyo says President Tinubu's nationwide road projects and welfare programs under the Renewed Hope Agenda prove a strong commitment to growth.
News

Pan-African fellowship rolls out plan to police AI ethics across Africa

Osasuyi Dirisu's Policy Innovation Centre has launched a Pan-African fellowship to train 50 leaders on safer, inclusive AI governance across the continent.