Business

US-Iran crisis pushes oil to $87, Nigeria gains $22/barrel

By Udeme Akpan The latest disagreement between President Donald Trump and Iran over the reopening of the Strait of Hormuz has pushed up oil prices by 5 per cent to $87 per barrel from $83 per barrel in the global market. This was even as Bank of America (BofA) warned that oil prices could continue […]
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First Bank named Nigeria’s strongest brand in 2026 by Brand Finance

First Bank, West Africa’s premier financial institution and financial inclusion service provider, has been recognised as the strongest brand in Nigeria in the “Nigeria 25 2026” ranking by Brand Finance, a leading independent brand valuation and strategy consultancy. The Bank achieved an AAA+ rating, the highest possible distinction, underscoring its unmatched brand strength and leadership […]

Nestoil: We are not responsible for banks’ failure to pay dividend

Nestoil Limited yesterday rejected what it described as a coordinated campaign of blackmail allegedly driven by First Bank of Nigeria and its Chairman, following publications in The Guardian, The Nation, Leadership, Vanguard, Nairametrics, TheCable, and some other online platforms linking banks’ dividend suspension to a purported debt owed by the company.   The indigenous energy firm said […]

How Customs CG is facilitating trade, boosting business in the South-East of Nigeria

By Okey Ibeke Since assuming office as Comptroller-General of the Nigeria Customs Service in June 2023, Bashir Adewale Adeniyi, in line with President Ahmed Tinubu’s Economic and Renewed Hope Agenda, has been intentional in pursuit of policies that repositioned the Service from a traditional revenue-collecting agency to a reform-driven institution. The policies, anchored on three pronged […]

Dangote Cement grows exports by 71.6% as capacity hits 55MTA

By Mather Godwin Dangote Cement Plc has recorded a strong performance in the first quarter of 2026, growing its cement and clinker exports from Nigeria by 71.6 per cent, as the Group’s total installed production capacity reached 55 million tonnes per annum (MTA) across Africa. During the period under review, the company completed 10 clinker shipments […]

FG moves to settle contractors’ Debts, assures transparent process

By Emma Ujah,   Abuja Bureau Chief The Federal Government has initiated moves to settle outstanding obligations owed to local contractors, assuring that the process will be handled in a fair, transparent, and structured manner to rebuild confidence and support ongoing economic reforms. Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, gave the […]

₦5m, ₦10m Zero-interest Loans: SheVentures opens applications for women entrepreneurs

First City Monument Bank (FCMB) has opened a new round of applications for its SheVentures proposition, offering zero-interest loans of up to ₦10 million to women entrepreneurs to ease access to working capital and support business growth. The facility provides loans ranging from ₦500,000 to ₦5 million under a general category, and ₦5 million to […]

Jim Ovia steps down as Zenith Bank chairman

Zenith Bank has confirmed the retirement of its founder and group chairman, Jim Ovia, following the completion of his tenure in line with regulatory requirements.

Stock investors reap N26.5trn in April, market cap hits N155.7trn

By Peter Egwuatu The Nigerian stock market ended April 2026 on a bullish note last week, as strong buying momentum across key sectors lifted the performance indicators of the Nigerian Exchange Limited (NGX), with investors recording N26.487 trillion in gains during the month. The market was driven by renewed institutional interest in high-cap and fundamentally sound […]

Strengthen governance or face regulatory action, CBN warns banks’ directors

By Babajide Komolafe Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, yesterday warned bank directors and industry leaders to strengthen corporate governance or face decisive regulatory action, declaring that “strong governance is the foundation of trust and stability in the financial system.” He gave the warning in a keynote address at the Chartered […]

Value addition holds key to food security, wealth in Nigeria — NABG boss

By Ediri Ejoh The President of the Nigeria Agribusiness Group (NABG), Arc. Kabir Ibrahim, has identified value addition across the agricultural value chain as the critical pathway to unlocking Nigeria’s food wealth and tackling rising poverty.   Speaking at the Vanguard Economic Discourse 2026 in Lagos, themed, “The theme of this year’s edition is  Food Security and […]

NACCIMA deepens Nigeria-China ties with tour of Guangzhou factories

By Yinka Kolawole The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has intensified efforts to strengthen bilateral trade and industrial cooperation with China, as its delegation embarked on a strategic tour of major manufacturing and commercial hubs in Guangzhou. Led by its National President, Engr. Jani Ibrahim, the delegation visited Wanli Tire […]

LCCI tasks FG on reforms to unlock manufacturing growth 

By Yinka Kolawole The Lagos Chamber of Commerce and Industry (LCCI) has called for urgent reforms to address persistent constraints in Nigeria’s manufacturing sector, warning that weak fiscal management, poor budget execution, and structural bottlenecks continue to undermine economic growth. President of LCCI, Engr. Leye Kupoluyi, who spoke in Lagos during the Chamber’s quarterly media […]

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