Business

The NGX ended the week on a softer note as profit-taking in Presco and other selected stocks pulled the benchmark index lower despite positive market breadth. CNIF led the gainers’ chart with a 10.00 percent rally, while Presco...

Credit to Nigeria's private sector increased by N2.22 trillion in June, pushing total outstanding lending to N83.26 trillion, according to the latest data from the Central Bank of Nigeria. Private sector credit rose by about nine per cent...

Dangote Cement has opted for a secondary listing in London after ruling out Dubai, saying the UK market offers a faster and more practical route to attract global investors. The company plans to complete the listing before the...

Saadia Zahidi becomes the first woman appointed to lead IATA since its creation in 1945. The World Economic Forum executive will take over from Willie Walsh on November 1, 2026. Her appointment brings a global economics and workforce...

The United States has introduced new tariffs of 10% to 12.5% on imports from dozens of countries. The policy affects nearly all U.S. imports and targets supply chain concerns linked to forced labour. Countries with stronger enforcement measures...

Investors gained approximately ₦1.58 trillion as sustained buying interest in banking and consumer goods stocks lifted the NGX to another strong close. Access Holdings and First HoldCo extended their rally, while Guinness Nigeria led the gainers’ chart with...

Dangote Petroleum Refinery has completed a $2.5 billion private placement, one of the largest corporate fundraising deals by an African company, as it prepares for the next phase of its expansion. The offer was oversubscribed by 3.7 times,...

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...