Business

Zenith Bank clinches the continent's highest banking honour, emerging Africa's Best Bank, while retaining the Nigeria's Best Bank title for the second consecutive year at the prestigious Euromoney Awards for Excellence 2026. The lender outperformed more than 770...

Nigeria's broad money supply increased by N4.04 trillion to N133.25 trillion in June, reflecting sustained liquidity growth despite the Central Bank of Nigeria's decision to retain its benchmark interest rate The expansion was driven mainly by stronger quasi-money...

Kaduna State's free Compressed Natural Gas mass transit scheme has saved commuters more than N3.5 billion in transport costs, with over 3.2 million passenger trips recorded since the initiative began. The state government has deployed 100 CNG-powered buses...

Nigeria has emerged as one of Africa's fastest growing solar markets, according to a new BloombergNEF report. Rising electricity costs and unreliable grid supply are pushing more homes and businesses to adopt solar power. Clean energy investment across...

Germany says it will increase investment in Nigeria as trade between the two countries grows by 10 per cent. Nigeria remains Germany's second-largest trading partner in Sub-Saharan Africa, with more than 100 German companies already operating in the...

• Nigeria's external reserves have exceeded $52 billion, reaching their highest level in more than 17 years and surpassing the Central Bank of Nigeria's 2026 target. • Analysts attribute the milestone to higher crude oil revenues, stronger export performance and...

The Central Bank of Nigeria has directed banks to channel the gains from recapitalisation into financing productive sectors of the economy. CBN Governor Olayemi Cardoso said the regulator's focus has shifted to stronger governance, risk management and economic...

Investors lost about ₦801 billion as profit-taking in heavyweight consumer stocks dragged the NGX lower despite a positive market breadth. Cadbury and Unilever surged by 10.00 percent each, while Nestlé and BUA Foods led the day’s losers with...

First HoldCo's market capitalisation climbed above N5 trillion during Wednesday's intraday trading after investors responded positively to the group's impressive half-year financial performance. The lender's shares traded between N112 and N113 on the Nigerian Exchange, extending gains from...

Nigeria's external reserves rose to $52.02bn on July 20, marking their highest level since January 2009 and exceeding the Central Bank of Nigeria's projected reserve target for the end of 2026. The country's reserves have expanded by about...