The Central Bank of Nigeria (CBN) has denied social media and online reports suggesting that one of the banks under its regulation is facing distress. In a statement released on …
Banking, Finance & InvestmentEconomyMarketsNigeriaPolicies
- Banking, Finance & InvestmentFinance & ServicesInsuranceINVESTMENTManufacturing & Consumer GoodsMarketsNigeriaOil & Gas
Nigerian Stock Market Starts Week With N8bn Dip Despite Higher Trading Volume
The Nigerian Stock Exchange (NGX) opened the new trading week on a slightly negative note, shedding ₦8 billion in market value on Monday, May 20, 2025, despite improvements in trading …
- EconomyEnergyINVESTMENTManufacturingManufacturing & Consumer GoodsMarketsNigeria
Nigeria’s Brewery Sector Records N1.9tn Revenue in 2024, Signals Recovery Despite High Costs – Afrinvest
Nigeria’s brewery industry bounced back in 2024 with a remarkable 71.8 per cent year-on-year rise in revenue, hitting ₦1.9 trillion. This performance exceeded the earlier forecast of 39.2 per cent …
- DevelopmentDigital EconomyGOVERNMENTInfrastructureInnovationINVESTMENTTelecommunications
Nigeria’s Digital Economy Attracts $191m in Q1 2024, Rolls Out $2bn Fibre Project – Minister Bosun Tijani
The Federal Government has revealed that Nigeria’s Communications and Digital Economy sector attracted $191 million in foreign direct investment (FDI) in the first quarter of 2024, a major jump from …
- DevelopmentELECTRICITYGOVERNMENTInternational RelationsINVESTMENTNigeriaPolicies
China Eyes Nigeria’s Solid Minerals for Electric Vehicle Factories – Ambassador Yu Dunhai
The Chinese Ambassador to Nigeria, Mr. Yu Dunhai, has said that China is ready to partner with Nigeria to develop its solid minerals sector by setting up electric vehicle factories …
- BusinessBusiness InsightsManufacturingNewsNigeria
Unilever Nigeria Grows Q1 2025 Profit by 65%, Signals Strong Outlook for the Year
Unilever Nigeria Plc has posted a profit after tax of N5.6 billion for the first quarter ended March 31, 2025, showing a 65 per cent increase from N3.4 billion recorded …
- AfricaBusinessBusiness InsightsHealthcareManufacturingMarketsNewsNigeria
Neimeth Grows Q1 2025 Profit by 49%, Eyes Return to Dividend Payments
Neimeth International Pharmaceuticals Plc has recorded a 49 per cent rise in profit after tax in the first quarter of 2025, showing a promising turnaround for the company as it …
- BusinessBusiness InsightsEconomyGhanaGOVERNMENTInfrastructureNigeriaTrade and CommerceWestern Africa
Dantsoho’s Leadership at NPA Driving Export Growth, Port Reforms
The Managing Director of the Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho, is gaining praise for reforms that are transforming the agency and aligning it with the Federal Government’s economic …
- AfricaAviationDevelopmentEconomyGOVERNMENTInfrastructureNigeriaPoliciesTransportation & Logisitics
Festus Keyamo Urges African Nations to Take Action on Single African Air Transport Market
Nigeria’s Minister of Aviation and Aerospace Development, Festus Keyamo, has urged African countries to go beyond policy declarations and take real steps towards implementing the Single African Air Transport Market …
- AfricaBusinessBusiness InsightsCyber securityEconomyEntrepreneurshipInformation TechnologyTechnology
Top 10 Cybersecurity Threats Facing Small Businesses in 2025 and How to Prepare
Small businesses are the backbone of economies, yet they often face a disproportionate share of cyberattacks. In 2025, the threat landscape is more complex and aggressive than ever, with cybercriminals …