Business

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...

CBN Holds at 26.5%, rates remain unchanged as food inflation hits 17.52%. Banking index jumps 9.30%, led by First HoldCo’s 38.7% surge. BUA Cement drops 9.99%, dragging down industrial stocks. Wall Street gains on trading; consumer credit reports...

The Federal Government launched the C.L.I.C.K.D. programme (Credit for Laptops, Internet, Connectivity and Knowledge Digital Devices Programme) to give Nigerians credit-based access to work tools. Unveiled in Abuja by Communications Minister Dr. Bosun Tijani alongside CREDICORP Managing Director...

NNPCL's audited 2024 financial statements have sparked fresh scrutiny after revealing N7.13tn in energy security spending. The ADC and former Vice President Atiku Abubakar have questioned the spending, arguing that the figures raise fresh concerns over transparency. Energy...