Business

Naira closes 2025 higher at official market

The naira closed 2025 stronger against the United States dollar on Wednesday, December 31, trading at N1,435.75 at the official…

5 months ago

How CBN navigated Nigeria’s economy in 2025

In 2025, the Central Bank of Nigeria (CBN) faced the challenge of steering the country’s economy while inflation was slowing…

5 months ago

Elumelu’s Heirs Energies buys 20% of French oil firm’s stake in Seplat for $500m

Heirs Energies has completed the acquisition of Maurel & Prom S.A.’s entire 20.07 per cent shareholding in Seplat Energy Plc…

5 months ago

GTCO raises N10bn via private investors

Guaranty Trust Holding Company Plc (GTCO) has secured approvals from the Central Bank of Nigeria (CBN) and the Securities and…

5 months ago

Investors trade 4.68bn shares worth ₦38.86bn on stock market

The Nigerian Stock Exchange recorded strong trading activity on Tuesday, with investors exchanging a total of 4.68 billion shares valued…

5 months ago

Nigeria’s external reserves set to hit $51bn in 2026 — CBN

The Central Bank of Nigeria has projected that the country’s external reserves will rise to $51.04bn in 2026, up from…

5 months ago

Concerns mount over Apapa Bridge as 23 ships head to Lagos Ports

Growing worry is building over the worsening state of the Apapa Bridge and surrounding port access roads, just as 23…

5 months ago

NNPC begins bid process to sell stakes in oil, gas assets

The Nigerian National Petroleum Company Limited (NNPC Ltd) has launched a bidding process to sell portions of its interests in…

5 months ago

CBN projects Nigeria’s debt-to-GDP ratio to hit 34.68% by 2026

The Central Bank of Nigeria (CBN) has forecast that the nation’s public debt could climb to 34.68 percent of Gross…

5 months ago

Fire destroys valuables at Sango shopping complex in Ibadan

A fire on Monday razed part of the Sango Shopping Complex in Ibadan North Local Government Area, Oyo State, destroying…

5 months ago

This website uses cookies.