Business

S&P Global will acquire a majority stake in Agusto & Co., strengthening its presence in Africa's domestic credit ratings market while expanding access to global ratings expertise. The partnership combines S&P Global's international capabilities with Agusto & Co.'s...

Africa's richest man, Aliko Dangote, earmarks one-third of his estimated $35.1 billion fortune for charity under a landmark succession plan Daughter, Halima Dangote, says the billionaire secured his family's consent to dedicate about $11.7 billion of his estate...

FCMB Group nearly doubled its half-year profit before tax to ₦157.3 billion, driven by stronger interest income, expanding margins and improved earnings across all business divisions. The financial services group strengthened its balance sheet with a ₦227 billion...

The Federal Mortgage Bank of Nigeria will launch its Diaspora National Housing Fund Mortgage Loan in London on August 7, opening a formal pathway for eligible Nigerians abroad to access affordable housing finance and invest in residential property...

Chinese capital inflows into Nigeria fell 40.9 percent to $5.55 million in the first quarter of 2026, despite the Federal Government's announcement of more than $20 billion in investment commitments. China's share of Nigeria's total capital importation weakened...

More than 70 percent of insurance companies have completed NAICOM's independent capital verification exercise, clearing one of the final regulatory hurdles ahead of the July 31 recapitalisation deadline. Most operators have also met the statutory deposit requirement with...

The NGX began the week on a softer note as profit-taking in selected stocks nudged the benchmark index lower despite gains in 28 equities. CNIF led the gainers’ chart with a 9.95 percent rally, while SUNU Assurances and...

ECOWAS lawmakers have begun a five-day meeting in Cotonou to discuss strengthening MSMEs' role in regional value chains. The discussions will focus on tackling barriers such as informality, limited financing and cross-border trade challenges. MSMEs account for more...

Women-owned businesses recorded loan default rates that were 2.5 times lower than those of male-owned businesses, reinforcing evidence that female entrepreneurs are among Nigeria's most reliable borrowers. Lending to women-owned businesses grew by more than 300% in 2025,...

Nigeria has attracted nearly $2 billion in renewable energy investments over the past two years, but the REA says the country must convert the inflows into local manufacturing, skilled jobs and industrial growth. The Agency warned that expanding...