Business

Naira closes week at N1,417/$

The naira closed the week stronger on Friday, January 16, 2026, appreciating against the United States dollar at the official…

6 months ago

Stanbic, GTCO, First HoldCo, United Capital to raise N549bn after SEC rule

Nigeria’s leading financial groups, including Stanbic IBTC, GTCO, First HoldCo and United Capital, may be required to raise a combined…

6 months ago

Equities market declines as profit-taking wipes off ₦457bn

The Nigerian equities market on Thursday reversed gains recorded in the previous session, as investors lost about ₦457 billion following…

6 months ago

Dangote Cement presents N15bn gifts, cash to appreciate distributors, customers

Dangote Cement Plc has celebrated its top distributors and customers with N15 billion worth of rewards for their continued loyalty,…

6 months ago

Nigeria’s inflation rate rises to 15.15%

The National Bureau of Statistics (NBS) has announced that Nigeria’s headline inflation rate increased to 15.15 per cent in December…

6 months ago

FREQUENTLY ASKED QUESTIONS ON VAT

The Nigeria Revenue Service (NRS) has provided answers to a list of Frequently Asked Questions (FAQs) on Value-Added Tax (VAT)…

6 months ago

Elumelu urges leaders to prioritise relationships for sustainable success

Chairman of the United Bank for Africa, (U.B.A) Tony Elumelu, has underscored the importance of relationship-driven leadership, describing it as…

6 months ago

Nigeria’s crude oil output dipped to 1.422mbpd in December 2025 — OPEC

Nigeria’s crude oil production fell marginally to 1.422 million barrels per day in December 2025, from 1.436 million bpd recorded…

6 months ago

FG directs banks, fintechs to remit 7.5% VAT on electronic service fees

The Federal Government has directed banks and financial technology companies to begin collecting and remitting a 7.5 per cent value-added…

6 months ago

Stock market rises 0.56% as investors gain N598bn

The stock market sustained its bullish trend on Wednesday, gaining 0.56 per cent and adding about N598 billion to investors’…

6 months ago

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