Naira Gains for 7 Straight Days Against Dollar
The Nigerian naira continues its impressive rally against the US dollar, recording seven consecutive days of appreciation and securing a new exchange rate at the official market.
Category : Business
Reps Spokesman Rejects Ndume's Tax Law Allegations
Hon Philip Agbese has dismissed Senator Ali Ndume's allegations of falsified tax laws as misleading and sheer mischief, insisting proper legislative processes were followed.
Zenith Bank Approaches N3 Trillion Market Cap
Zenith Bank Plc is closing in on the N3 trillion market capitalization milestone as investor confidence grows ahead of Q4 earnings and CBN recapitalization deadline.
Nigerian Billionaires Add N11 Trillion in Stock Wealth in 2025
Nigeria's four richest men saw their wealth surge by N11.21 trillion through stock market gains in 2025, with Abdul Samad Rabiu leading with N9.23 trillion increase.
First Bank Writes Off N748bn Bad Loans, Otedola Explains
First Bank Holdings Plc has written off N748 billion in legacy bad loans, causing a 92% profit decline. Chairman Femi Otedola explains this as a necessary one-time action for long-term stability and future growth.
CBN Updates Customs Rate as Naira Strengthens Against Dollar
The Central Bank of Nigeria has revised the exchange rate for customs duty clearance following sustained naira appreciation, with Nigeria's external reserves hitting an eight-year high.
Naira Hits Four-Year High Against Dollar in Nigeria
The Nigerian naira strengthens significantly against the US dollar, reaching N1,386.55 in official markets. Positive trends in both official and parallel markets signal improving foreign exchange stability.
Petrol Price May Increase by N200 per Liter as Crude Oil Rises
Nigerians may face another N200 per liter increase in petrol prices following a surge in global crude oil prices above $70 per barrel, with industry experts warning of potential N1,000 per liter rates.
Otedola: FirstBank's N748bn Loan Write-Off Secures Future
First Bank Holdings Chairman Femi Otedola details the strategic decision to write off N748bn in bad loans, aligning with CBN directives to ensure long-term financial stability despite a 92% profit drop.
Otedola Increases First HoldCo Stake to 18.12%
Nigerian billionaire Femi Otedola has raised his stake in First HoldCo Plc to 18.12%, acquiring 8.02 billion shares as the company's issued capital grows to 44.45 billion shares.
15 Things to Know About Nigeria's New Personal Income Tax
Understanding Nigeria's updated Personal Income Tax framework with 15 essential facts about assessment, collection, and enforcement procedures.
LIRS Extends Employer Tax Return Deadline to February 7
The Lagos State Internal Revenue Service has extended the deadline for employers' annual tax returns from February 1 to February 7, 2026, to allow for accurate submissions.
Bitcoin Crashes to $81,000, $1.68 Billion Wiped Out
Bitcoin and Ethereum plummet over 6% as excessive leverage triggers massive liquidations. Market sentiment shifts to extreme fear amid broader risk-off environment.
Musk's Epstein Emails Contradict Earlier Refusal Claims
Newly released documents reveal Elon Musk exchanged emails with Jeffrey Epstein in 2013 about visiting his private island, contradicting Musk's previous public statements about refusing such invitations.
Clean Cooking: Nigeria's Scalable Climate Investment Path
BURN positions clean cooking as Nigeria's fastest climate solution with health and economic benefits. New carbon policies boost investor confidence while local manufacturing scales access.
Mark Akhabue: Jendol Supermarket Owner's Inspiring Journey
Discover the remarkable story of Mark Akhabue, Nigerian entrepreneur and philanthropist who built Jendol Supermarket into a diversified business empire through determination and strategic vision.
Lady Gets Job After 3 Years Unemployment, Celebrates Online
A Nigerian woman's viral social media post celebrates securing employment after three years of job hunting and entrepreneurial struggles, sparking widespread congratulations.
Gold, Silver Prices Tumble After Trump's Fed Nomination
Gold and silver prices fell sharply as Trump's nomination of Kevin Warsh to head the Federal Reserve eased concerns about central bank independence, while global markets showed mixed performance.
NNPC Gas Master Plan Targets $60bn Investment, 12bn cfd by 2030
NNPC Ltd launches Gas Master Plan 2026 aiming for 12 billion cubic feet daily gas production by 2030 and attracting over $60 billion in oil and gas investments.
NCAA Orders Airlines to Add Special Needs Booking Option
The Nigerian Civil Aviation Authority has directed domestic airlines to integrate a mandatory special needs assistance feature into ticket reservation systems within seven days.
Wema Bank Profit Jumps 124% to N193.2bn in 2025
Wema Bank Plc announces stellar 2025 results with 124% profit growth to N193.2bn, N653.3bn gross earnings, and 30% deposit increase to N3.28 trillion.
Expert Strategy to End Nigeria's Power Blackouts
Energy expert outlines comprehensive strategy including metering, grid expansion and infrastructure upgrades to address Nigeria's recurring national grid collapses and achieve stable power supply.
Kuda Bank Gets CBN Licence for Physical Banking Operations
Kuda Microfinance Bank has secured a national licence from the Central Bank of Nigeria, enabling it to establish physical banking operations across the country while maintaining its digital-first strategy.
CBN Recapitalisation Sparks Merger Talks for Nigerian Banks
Four Nigerian banks face potential mergers ahead of March 2026 CBN recapitalisation deadline, with Union Bank, Keystone Bank, Unity Bank, and Polaris Bank exploring strategic options.
Payaza, HATRICKS, Bank 78 Redefine Lagos Creative Economy
Payaza and Bank 78 are transforming Lagos's creative economy by supporting the HATRICKS masterclass by Tolani Alli, focusing on structured education and long-term investment in talent.
Graduate Turns N650k Savings into Two Perfume Shops
A young Nigerian graduate's inspiring journey from investing her N650,000 savings into a perfume business to owning two successful branches in Owerri and Benin City within one year.
FAAN Cargo Fee Hike Sparks Nigerian Aviation Protest Threats
Nigerian cargo agents plan protests as FAAN raises handling fees from N7 to N25 per kilogram starting February 2026, warning of increased costs and operational disruptions.
Naira Appreciates to N1,396.99 as Dollar Crashes
The Nigerian naira has surged to a two-year high of N1,396.99 per dollar, with analysts attributing the rally to growing confidence in economic reforms and favorable global trends.
UNICEF, Bank Open 1,500 Jobs for Nigerian Women
UNICEF and Standard Chartered Foundation partner to create 1,500 sustainable job opportunities for young Nigerian women aged 18-24, focusing on economic inclusion and tackling youth unemployment.
Pepsi's Role in Shaping Nigeria's Detty December Culture
Music journalists and entertainment founders reveal how Pepsi's strategic sponsorships of concerts, DJs, and festivals built Nigeria's December entertainment ecosystem from the ground up.
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