Business

Nigeria’s consumer credit fell 19.89 percent to ₦3.78 trillion in 2025, marking the first annual decline since December 2019 as high interest rates curbed household borrowing and reduced the share of consumer loans in private sector credit. Personal...

Nigeria’s total foreign exchange inflows climbed to $109.86 billion in 2025, driven largely by stronger autonomous sources, while net FX inflows rose to $60.81 billion despite a sharp increase in outflows. Autonomous inflows accounted for more than 64...

Africa Prudential Plc grew profit after tax by 18 percent to ₦1.59 billion in the first half of 2026 as gross earnings rose 27 percent, driven by stronger registrar operations, treasury income and technology-led services. The company says...

Nigeria LNG Limited has generated about ₦204.2 trillion ($149.6 billion) in revenue since inception and remitted approximately ₦14.74 trillion ($10.8 billion) in taxes since becoming tax compliant in 2009, while also paying $47.2 billion in dividends to shareholders. ...

The NGX rebounded on Tuesday, adding about ₦481 billion to investors’ wealth as renewed buying interest pushed the benchmark index higher. Insurance stocks dominated the gainers’ chart, with Lasaco Assurance, Linkage Assurance and SUNU Assurances posting strong double-digit...

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...