Business

Vehicle imports rise 67% as Nigerian ports record strong Q1 growth

The number of vehicles imported through Nigerian ports rose significantly in the first quarter of 2026, increasing by 67 per…

4 days ago

CBN seeks tighter state borrowing controls to curb inflation

The Central Bank of Nigeria has urged state governments to reduce dependence on overdrafts and short-term borrowing, warning that unchecked…

4 days ago

US spends $578m on Nigerian crude imports in Q1 2026

The United States imported crude oil worth $578.78m from Nigeria in the first quarter of 2026, representing a decline from…

5 days ago

Weekly review: CAP, Dangote Sugar top gainers’ chart as NGX market capitalisation hits N157trn

The Nigerian Exchange Limited (NGX) All-Share Index and Market Capitalisation appreciated by 0.71 per cent to close the week at…

6 days ago

Stock market reverses bearish run as investors gain N3.2trn

The Nigerian stock market reversed its bearish trend on Friday, May 8, 2026, closing the week on a positive note…

6 days ago

First HoldCo posts N321bn profit as gross earnings rise to N942bn in Q1 2026

First HoldCo Plc has reported a strong financial performance for the first quarter ended March 31, 2026, with profit before…

1 week ago

First HoldCo gross earnings rise to N3.4trn as shareholders’ funds hit N3.3trn

First HoldCo Plc has announced that its gross earnings increased to N3.4 trillion in the financial year ended December 31,…

1 week ago

Fuel cost: Rano Air to suspend some flight operations

Nigeria’s aviation sector is facing fresh pressure as Rano Air announced the temporary suspension of some of its flight routes…

1 week ago

Rabiu surpasses Rupert to become Africa’s second-richest person

The founder and Chairman of BUA Group, Abdul Samad Rabiu, has overtaken South African billionaire Johann Rupert to emerge as…

1 week ago

Stock market investors lose N1.92trn over CBN foreign subsidiary rule

The Nigerian stock market closed on a negative note as investors lost N1.92 trillion, following sell-offs in banking and cement…

1 week ago

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