Tag: Business
FAAC Shares N2.3Trn May Revenue as Statutory Earnings Rise
The Federation Account Allocation Committee distributed a total of N2.300 trillion from May 2026 revenue to the Federal…
Naira Holds Ground as Reserves Hit Best Level Since 2009
LAGOS — Nigeria's currency held relatively steady this week even as the naira traded around 1,410 to the…
Naira Weakens As Dollar Demand Keeps Pressure On Markets
Nigerian businesses are facing renewed pressure as dollar demand keeps the exchange market under strain. The naira traded…
Fuel Prices May Ease As Oil Slides After Ceasefire
Oil prices fell to about 83 dollars per barrel after the US Iran accord and ceasefire eased market…
TCN Warns Vandalism of Transmission Infrastructure
The Transmission Company of Nigeria raised concerns this week over increasing vandalism of power transmission infrastructure in parts…
Nigerian Startups Turn to Debt as VC Funding Stays Tight
Nigerian startups increasingly turned to debt financing to stay afloat in May 2026, as venture capital funding across…
NGX Market Capitalisation Holds Above N156 Trillion
The Nigerian Exchange's market capitalisation held firm above 156 trillion naira, approximately 115 billion dollars, this week despite…
Nigerian Economists Reject IMF Call to Raise VAT, Tax Telecoms
Nigeria's leading economists and financial experts pushed back this week against key policy prescriptions contained in the International…
Dangote Retains Africa’s Most Admired Brand Title for 8 Years
Dangote Industries Limited retained its position as Africa's most admired African brand for the eighth consecutive year, according…
CBN Survey Shows Optimistic, Jobs Outlook Stays Negative
Business confidence in Nigeria improved broadly in May 2026, with firms across agriculture, industry, and services reporting more…
6 Vessels Bring N279bn Petrol Cargo Amid Dangote NNPC Dispute
Six vessels carrying petrol cargoes worth approximately 279 billion naira are arriving in Nigeria this week, even as…
Nigeria External Reserves Hit Record $50.04bn on New FX Manual
Nigeria's gross external reserves climbed to a record 50.04 billion dollars in early June 2026, the Central Bank…
