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FG domestic borrowing hits N8.1tn in Q1 2026

FG domestic borrowing reached N8.1 trillion in the first quarter of 2026, a 7.4 percent year-on-year rise that already overshoots the quarterly benchmark the 2026 Appropriation Act implies.
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Manufacturing sector taxes climb to N2.05tn in 2025

Nigeria's manufacturing sector contributed N2.05 trillion in total taxes in 2025, with VAT and Company Income Tax both posting double-digit gains, according to the National Bureau of Statistics.

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Business

Chagoury Backs Lagos Luxury Market With ORCA Deco Mall

ORCA Deco Mall has opened in Eko Atlantic, betting on Lagos’ high-end consumers and marking a major vote of confidence in Nigeria’s retail future.
Business

Dangote Pledges Quarter of Fortune to Foundation

Aliko Dangote has committed 25 percent of his $30 billion fortune to his foundation, formalizing one of Africa’s biggest long-term philanthropic pledges.
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FCMB Group Posts Strong Nine-Month Results

FCMB Group reported strong nine-month 2025 results as profit, interest income, and digital revenues grew despite weaker non-interest gains.
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Nigeria Offers $50 Million Lithium Plant to Attract Global Miners

Nigeria offers $50 million lithium plant, duty waivers and security upgrades to lure miners, building processing clusters across multiple states.
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Dangote Reclaims $30 Billion Net Worth as Cement Lifts Fortune

Aliko Dangote’s net worth has climbed back to $30 billion as rising cement shares and aggressive refinery expansions recharge his business empire.
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Access Bank Acquires Standard Chartered Cameroon

Access Bank completes its takeover of Standard Chartered Cameroon, widening its regional network and driving stronger group performance across African markets.
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Nwanze Reflects on Crisis, Capital and the Future of African Energy

Sam Nwanze breaks down how Africapitalism, discipline, and financial innovation helped Heirs Energies navigate crises and chart a stronger future.
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Seplat Energy Boosts Output After Replacing Key Offshore Unit

Seplat Energy has completed a major inlet gas exchanger upgrade offshore Nigeria, boosting NGL output and strengthening its 2025 operational performance.
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NAFDAC Gains Full Membership in Global Drug Body

NAFDAC has secured full ICH membership, placing Nigeria among top global regulators and strengthening access to high-quality, safe and effective medicines.
Business

Starlink Global Rises as Key Player in Non-Oil Exports

Starlink Global export growth pushes Nigeria’s non-oil market forward as Adeniji Adeyemi expands cocoa operations into a $550 million export powerhouse.
Business

BUA Group Signs New Deal To Boost Rice Processing Capacity

BUA Group accelerates its food-sector growth with a new rice processing partnership, strengthening its expansion strategy across Nigeria’s manufacturing landscape.
Business

Court Pauses $111 Million Loan Case Involving Emeka Offor

A London court pauses the Emeka Offor loan dispute, giving Kaztec Engineering space to negotiate a path out of a $111 million debt clash.
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FG domestic borrowing hits N8.1tn in Q1 2026

FG domestic borrowing reached N8.1 trillion in the first quarter of 2026, a 7.4 percent year-on-year rise that already overshoots the quarterly benchmark the 2026 Appropriation Act implies.
News

Manufacturing sector taxes climb to N2.05tn in 2025

Nigeria's manufacturing sector contributed N2.05 trillion in total taxes in 2025, with VAT and Company Income Tax both posting double-digit gains, according to the National Bureau of Statistics.
News

Flood swamps Lagos primary school as pharma company’s canal project leaves children out of class

A pharmaceutical company's construction project has blocked a Lagos canal, flooding a primary school and keeping hundreds of children out of class.
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SDP’s Adebayo confirms 2027 presidential bid, warns Nigeria is drifting toward one-man rule

SDP leader Prince Adewole Adebayo has confirmed a 2027 presidential run and warned that Nigeria risks one-man rule, not a one-party state.