Business
Stay informed with Nigerian business news, economy updates, markets, startups, and global financial headlines.
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Naira gains N5.54 at official market
Naira Appreciates Against Dollar in Official Market The Naira strengthened against the U.S. dollar on Monday, trading at 1,360.14 naira…
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$1trn economy: NACCIMA woos Chinese investors to boost industrialisation
NACCIMA to Host Third Business and Investment Forum in Guangzhou, China By Yinka Kolawole The Nigerian Association of Chambers of…
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Nigerians are increasingly borrowing to build houses — CBN
Credit Availability Rises Amid Low Default Rates in Nigeria By Elizabeth Adegbesan Nigerians are increasingly borrowing to purchase homes, as…
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Customs, agents disagree over National Single Window operations
By Godwin Oritse & Efe Onodjae Concerns are mounting over disagreements related to the implementation of the National Single Window…
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Firms expect borrowing cost to decline in 3 months
Firms Anticipate Decline in Bank Loan Borrowing Costs By Elizabeth Adegbesan Businesses in Nigeria expect a decrease in borrowing costs…
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Cornerstone Insurance, FIN Insurance meet NIIRA 2025 recapitalisation requirement
Cornerstone Insurance and FIN Insurance Receive NAICOM License Certificates Following Recapitalization By Rosemary Iwunze ABUJA — Cornerstone Insurance Plc and…
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We’ve started paying depositors of 46 microfinance banks — NDIC
NDIC Begins Payments to Depositors of Revoked Microfinance Banks By Cynthia Alo The Nigeria Deposit Insurance Corporation (NDIC) has initiated…
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Senate backs EKEDP’s turnaround, seeks solution to sector bottlenecks
Senate Committee Praises Eko Electricity Distribution’s Performance Amid Ongoing Challenges By Udeme Akpan, Energy Editor LAGOS — The Senate Committee…
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Dangote Refinery drops PMS to N1,165/litre, diesel to N1,570/litre
By Peter Egwuatu Dangote Petroleum Refinery Reduces Fuel Prices in Nigeria Dangote Petroleum Refinery announced a decrease in the ex-depot…
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Withdrawal of COVID-19 Forbearance pushes banks’ bad loans above CBN limit
By Elizabeth Adegbesan The Central Bank of Nigeria (CBN) has reported a rise in the Non-Performing Loans (NPLs) ratio for…
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