Business
Manufacturers groan as rising credit, production costs threaten recovery
By Yinka Kolawole Nigeria have warned that the high cost of credit and rising production expenses remain major threats to the recovery of the manufacturing sector, despite a renewed improvement
Airtel Launches Starlink Mobile in Africa
Kayode Tokede Airtel Africa and Starlink have launched satellite-to-mobile service in the Democratic Republic of the Congo (DRC), marking the first commercial deployment in Africa. The service enables Airtel customers
WIKE AND ABUJA’S CHANGING BUSINESS ENVIRONMENT
When the Federal Capital Territory (FCT) was ranked 31st in the 2023 Subnational Ease of Doing Business assessment, there was little indication that within a relatively short period, Nigeria’s capital
HBM Nigeria’s profit rises 57% to N208bn in H1’26
By Peter Egwuatu HBM Nigeria Plc, formerly Lafarge Africa Plc, recorded a 57 per cent increase in profit after tax (PAT) to N208 billion in the first half of 2026 (H1’26),
SEC Orders Capital Market Operators To Cut Banking, Business Ties With Iran, North Korea
The Securities and Exchange Commission (SEC) has directed all capital market regulated entities to terminate correspondent banking relationships and restrict business dealings involving the Democratic People’s Republic of Korea (DPRK)
Banks Shift Credit To Agriculture As Lending Hits N3.86tn, Oil And Gas Exposure Falls By N335bn
Nigerian banks are steadily redirecting credit towards agriculture and other emerging areas of the economy, with lending to the agricultural sector rising to N3.86 trillion in March 2026.Conversely, exposure to
FCMB Raises FastCash Instant Loan Limit to N500,000
First City Monument Bank (FCMB), has increased the limit on its FastCash instant loan to N500,000, giving eligible customers greater access to funds for unexpected expenses and other short-term financial needs. Available
18 Years After: RMAFC moves to review president, governors, lawmakers’ pay
By Babajide Komolafe, Economy Editor The Revenue Mobilisation Allocation and Fiscal Commission, RMAFC, has completed the review of the remuneration of political office holders, 18 years after their salaries were
We are Still Here, Investing and Excited About Nigeria’s Future, Says CEO of Multichoice, Omotosho
MultiChoice Nigeria’s first female Chief Executive Officer, Kemi Omotosho, in this interview with THISDAY reflects on more than three decades in the country, the company’s economic and creative-industry footprint, changing consumer habits
Nigeria’s Costly Refinery Obsession
Nigeria’s moribund refineries have swallowed billions without delivering results. President Bola Tinubu’s revival pledge therefore raises the question: why not sell them? Writes Festus Akanbi Something is unsettling about Nigeria returning,
