Business News

2025: FG to launch new scheme to facilitate loans to Nigerians

The federal government has announced plans to simplify access to loans for Nigerians in 2025 by establishing the National Credit Guarantee Company. This was revealed in President Bola Tinubu's new year message where he described that the initiative aims to...

2024: Nigerian stock market outperforms inflation with 36% return – ASHON

The Second Vice President of the Association of Securities Dealing Houses of Nigeria (ASHON), Ify Ifejezie, closed operations by 2024 at Nigerian Exchange Limited (NGX), on behalf of ASHON, highlighting the pivotal role of the Association in the development...

Nigerian stocks post gains for fifth consecutive year

On the last trading day of the year, bears dominated the domestic stock market as the NGX All-Share Index (ASI) lost 22 basis points to settle at 102,926.40 basis points. However, the local stock market maintained a positive tragedy...

Ardova agrees on bulk purchasing framework with Dangote Refinery

In a bid to ensure security of supply at affordable prices to its customers, Ardova Plc, one of Nigeria's leading integrated oil and gas companies, has agreed on a bulk purchasing framework with Dangote Refinery. This framework, according to Grant...

Tinubu's economic diplomacy is flourishing – Ministers

President Bola Tinubu's economic diplomacy efforts are yielding positive results, according to the Minister of Finance and Coordinating Minister of Economy, Mr. Wale Edun. The president's diplomatic outreach to all continents, including Brazil, China, India, Germany and France, has...

Innovation key to raw materials development in Nigeria – SEC DG

As Nigeria continues to diversify its economy, the Securities and Exchange Commission (SEC) has said it is committed to promoting innovation and fostering collaboration to position commodity exchanges as vital drivers of economic growth, job creation, poverty alleviation and...

Access Bank raises N351 billion to meet CBN minimum capital requirement

Access Holdings Plc has announced that it has obtained full regulatory approval from the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission for its recently concluded rights issue of 17,772,612,811 ordinary shares of 50 Kobo each...

Naira falls again in the parallel market and reaches 1,650 naira/$

The naira continued its downward trend in the parallel market, depreciating further to 1,650 naira per dollar on Tuesday, a slight drop from Monday's exchange rate of 1,648 naira per dollar. Instead, the official foreign exchange market provided a rare...

FULL LIST: Edo, FCT and 10 other states to get subsidized transport fares

The Federal Government's palliative transport initiative is aimed at providing subsidized fares to commuters in 12 states, including Edo and the Federal Capital Territory (FCT). The plan, implemented in collaboration with unions and key transport companies, aims to cushion the...

Vitafoam proposes N1.4 billion dividend as net assets reach N25 billion

Vitafoam Nigeria PLC proposed a dividend of N1.05 per share, amounting to N1.375 million, for approval by shareholders at its 63rd Annual General Meeting (AGM), scheduled for March 6, 2025 in Lagos. This comes as the group's net assets,...
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Latest News

Banks await CBN clearance as audit delays leave investors without key earnings data

Investors in some of Nigeria's largest listed banks are facing a growing information gap as delays in the completion...
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