Business
When Better Numbers Meet Emptier Pockets
The President Bola Tinubu administration has stronger reserves, slower inflation, improved revenues and a more orderly foreign exchange market to show for three years of painful reforms. Yet, for millions
SEC Proposes N30m Registration Fee, N2bn Capital Requirement for Crypto Firms
• Insists operators must maintain local presence, resident chief executives The Securities and Exchange Commission (SEC) has proposed a new regulatory framework for Nigeria’s digital asset industry, prescribing registration fees
Afreximbank Retains ‘AAA/Stable’ Rating from China’s CCXI For Second Year
China Chengxin International Credit Rating Co., Ltd. (CCXI) has affirmed African Export-Import Bank’s (Afreximbank) AAA issuer credit rating with a Stable outlook for the second consecutive year. This underscores the
Yari Blames Otedola, Akinfemiwa For Geregu’s N40bn Bond Default, Pledges Investor Protection
The Chairman of the Board of Directors of Geregu Power Plc, Senator Abdulaziz Yari, has attributed the company’s N40 billion bond default to its former majority owner and Chairman, Femi
NDIC Assures Depositors Of 46 Revoked MFBs As Payments Continue
The Managing Director/Chief Executive Officer, Nigeria Deposit Insurance Corporation (NDIC), Mr. Thompson Oludare, has assured depositors of microfinance banks (MFBs) whose licences were revoked by the Central Bank of Nigeria
Dangote Offers Kenya, Ethiopia, Rwanda 30% Stake In Proposed $16bn Refinery
The Dangote Group has offered East African countries a combined 30 per cent equity stake in its planned refinery in Kenya, with Kenya, Ethiopia and Rwanda expressing interest in participating
Carloha Introduces Another Chinese EV Chery Q into Nigeria’s Market
Bennett Oghifo Cinese automotive brands are steadily expanding their presence in the Nigerian market, bringing new technologies, innovative vehicle designs, and more diverse mobility options to consumers. The latest in
WMotors Brings Jetour Africa Expedition to Lagos, Tests T1, T2, G700
1Bennett Oghifo Jetour WMotors, the official distributor of Jetour vehicles in Nigeria, has brought the 2026 Jetour Africa Expedition to Lagos, putting the T1, T2 and G700 SUVs through a
How to Make Your Savings Work for You
Omolabake Fasogbon The Central Bank of Nigeria (CBN) has urged commercial banks to expand credit creation, following the N4.65 trillion raised in the just concluded recapitalisation exercise. Specifically, the apex
Guinness Posts N25.3bn Profit as Debt Plummets in H1 2026
Omolabake Fasogbon Guinness Nigeria Plc has cut its net debt nearly in half while growing its half-year (H1) profit after tax by 53 percent to N25.3 billion. The firm disclosed
