Business

CBN targets $1bn monthly diaspora remittances, tasks banks on seamless transfers

Central Bank of Nigeria Governor Olayemi Cardoso has challenged deposit money banks to capitalise on the apex bank's reform environment…

2 months ago

Honeywell sells productivity solutions unit to Brady for $1.4bn

Honeywell has agreed to sell its productivity solutions and services unit ​to industrial equipment maker Brady in an ‌all-cash deal…

2 months ago

Analysts predict further rise in inflation after March surge

Nigeria’s inflation rate is expected to climb further in the coming months following a sharp increase recorded in March 2026,…

2 months ago

SMEs await credit boost as bank recapitalisation strengthens lending capacity

Nigeria’s banking sector has emerged stronger following the completion of a major recapitalisation exercise, but uncertainty persists over whether the…

2 months ago

NGX investors gain N8.66trn in one week amid trading surge

The Nigerian Exchange Limited (NGX) recorded a strong weekly performance, with investors gaining N8.661 trillion amid heightened trading activity. The…

2 months ago

Naira dips slightly at official market, settles at N1,343.6

The Naira ended the week on a mildly negative note at the official foreign exchange market, depreciating to N1,343.63 against…

3 months ago

Stocks extend rally, add N3.39trn in nine-day gain

The Nigerian stock market sustained its bullish momentum on Friday, recording a ninth consecutive session of gains as market capitalisation…

3 months ago

MAN rejects World Bank fuel import proposal, warns of deindustrialisation risk

The Manufacturers Association of Nigeria (MAN) has criticised a recommendation by the World Bank to reinstate petrol import licences, warning…

3 months ago

Ericsson records 10% EMEA growth despite profit dip in Q1 2026

Ericsson has reported solid growth across Europe, the Middle East and Africa (EMEA), even as its overall earnings declined in…

3 months ago

Middle East conflict may cut Africa’s growth by 0.2% ― Report

The ongoing crisis in the Middle East could reduce economic growth across African countries by up to 0.2 per cent,…

3 months ago

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