Dollar inflows into Nigeria’s foreign exchange market fell sharply by 21% as foreign investors scaled back…
Category: Business
BOI Joins Forces with Lagos Free Zone to Empower MSMEs and Boost Exports
The Bank of Industry (BOI) has partnered with the Lagos Free Zone Company (LFZC), developed by…
OPEC+ Halts Oil Output Increases Through Early 2026
OPEC+ has agreed to halt planned oil output increases through the first quarter of 2026, keeping…
Airtel Africa Expands Share Buyback, Cancels 40.9 Million Shares
Airtel Africa has raised its cumulative share repurchases to 40.93 million shares under its ongoing buyback…
Nigeria’s Equities Market Closes 2025 with 51.19% Gain, Best in 18 Years
Nigeria’s equities market ended 2025 on a strong note, posting a 51.19% full-year gain, its best…
Nigeria’s Money Supply Expands to ₦122.95 Trillion in November 2025
Nigeria’s broad money supply climbed to ₦122.95 trillion in November 2025, reflecting a significant increase in…
Otedola Hails Tinubu’s Economic Insight as First Bank Hits ₦500bn Capital Threshold
Femi Otedola, chairman of First HoldCo Plc, has praised President Bola Tinubu’s “deep economic understanding” as…
Nigerian Billionaires Pocket ₦11.36 Trillion from Stock Market Rally in 2025
Nigerian billionaires gained a staggering ₦11.36 trillion from stock-market investments in 2025, driven by one of…
Meta Acquires AI Startup Manus in $2 Billion Deal to Advance AI Technology
Meta Platforms, the parent company of Facebook, Instagram, and WhatsApp, has announced the acquisition of Manus,…
Heirs Energies Acquires 20% Stake in Seplat from French Firm
Heirs Energies, an indigenous integrated energy company, has acquired the entire 20.07 percent equity stake (120.4…