Tag: Business News
SEC Moves Nigeria to T+1 Stock Settlement From June 1
LAGOS — The Securities and Exchange Commission has announced that Nigeria will transition to a T+1 settlement cycle…
Lagos Saved N118bn In Property From Fire Outbreaks in 2025
LAGOS — The Lagos State Government saved properties valued at N118.32 billion from fire outbreaks in 2025. The…
Naira Slips to N1,395 in Parallel Market on Demand Pressure
LAGOS — The Nigerian naira has depreciated slightly against the US dollar in both the official and parallel…
Nigerian Banks Race To Meet CBN June 10 Cybersecurity Deadline
LAGOS — Nigerian financial institutions are under intense pressure to meet the Central Bank of Nigeria's June 10,…
Tinubu Demands Fast Delivery of Attack Helicopters From Airbus
ABUJA — President Bola Tinubu has welcomed an Airbus investment commitment in Nigeria and simultaneously demanded fast delivery…
Dangote Raises Ethiopia Investment to $4bn After Hero’s Welcome
ADDIS ABABA / LAGOS — Africa's richest man, Aliko Dangote, received a hero's welcome in Addis Ababa over…
First Bank and Visa Launch Multi-Currency Naira and Dollar Cards
LAGOS — First Bank of Nigeria and Visa have partnered to launch two new payment cards for Nigerian…
NGX Stocks Lose N170bn as Mid-Cap Selloff Hits Market
LAGOS — Nigeria's stock market shed N170 billion in value on Saturday as a mid-cap selloff swept through…
Dangote Shuts Two Companies, Blames Fuel Subsidy Mafia
LAGOS — Africa's richest man, Aliko Dangote, has shut down two of his companies and pointed to what…
S&P Upgrades Nigeria Credit Rating First Time in 14 Years
LAGOS — S&P Global Ratings has upgraded Nigeria's long-term sovereign credit rating from B-minus to B. The rating…
Nigeria Stock Market Hits Record N160 Trillion Cap
LAGOS — Nigeria's stock market has reached a record high, with the Nigerian Exchange Group's market capitalization crossing…
Dangote Refinery Cuts Nigeria’s Crude Imports Sharply
LAGOS, May 14, 2026 — Nigeria's crude imports have dropped sharply as the Dangote Petroleum Refinery and other…
