Sterling Bank Plc is expanding its Zero Transfer Fees campaign into a broader social impact initiative by providing free bus rides to commuters across Lagos, giving relief to thousands of …
Radarr Africa Business Desk
Radarr Africa Business Desk
The Radarr Africa Business Desk reports daily on companies, markets, banking, energy, technology and policy across Nigeria and Africa. Stories are reviewed and edited by The Radarr Africa Editorial Team in Lagos. Story tips and corrections: business@radarr.africa.
- Banking, Finance & InvestmentEconomyMarketsNigeriaTransportation & Logisitics
- AgricultureBusinessBusiness and EconomyBusiness InsightsBusiness PoliciesEconomyManufacturing
Dangote Sugar Plans 75,000 Jobs Despite N192.6bn Loss in 2024
Dangote Sugar Refinery Plc has announced plans to generate over 75,000 jobs within its sugar value chain as part of its long-term growth strategy, even as the company recorded a …
- Banking, Finance & InvestmentBusiness and EconomyBusiness InsightsBusiness PoliciesDigital EconomyMarkets
FCMB Group Grows Assets to N7.4tn, Reports N32.2bn Profit in Q1 2025
FCMB Group Plc has recorded strong growth in its banking and non-banking operations, closing the 2024 financial year with total assets of N7.1 trillion. As of March 31, 2025, the …
- Banking, Finance & InvestmentBusiness and EconomyBusiness InsightsBusiness PoliciesEconomyMarketsNigeria
First HoldCo Plc Sees N37bn Drop in Profit for Q1 2025 as Fair Value Loss Hits Earnings
First HoldCo Plc has recorded a drop in its profit for the first quarter of 2025, with total profit falling to N171.1 billion from N208.1 billion posted in the same …
- Business PoliciesEconomyGOVERNMENTInfrastructureINVESTMENTNigeriaPoliciesReal Estate
FG Partners Shelter Afrique to Push Affordable Housing With N1tn Real Estate Fund
The Federal Government of Nigeria has signed a Memorandum of Understanding with Shelter Afrique Development Bank to grow the housing sector by expanding the Ministry of Finance Incorporated Real Estate …
- BusinessBusiness and EconomyBusiness InsightsBusiness PoliciesDevelopmentEconomyInfrastructureINVESTMENTNigeriaReal Estate
Nigerian Developers Turn to Community Malls as Large Shopping Centres Face Challenges
Developers in Nigeria’s retail sector are changing their focus. Instead of building large shopping malls like before, many of them are now going for smaller, community malls also called neighbourhood …
- EconomyEnergyEnvironmentInfrastructureNatural ResourcesNigeriaOil & GasPolicies
Nigeria Faces Big Energy Challenges but Sees Hope in Gas, Solar, and Power Reforms
Nigeria, one of Africa’s biggest economies, is currently facing serious power problems, even though it has huge energy resources. With a population of over 200 million people and rich oil …
- Business InsightsBusiness PoliciesEconomyFinance & ServicesINVESTMENTMarketsNigeria
Nigeria’s bond demand declines amid rate hike worries
Investor interest in Federal Government of Nigeria bonds has dropped, as concerns about rising interest rates and high inflation continue to affect decisions in the financial markets. According to the …
- Banking, Finance & InvestmentBusiness PoliciesEconomyFinance & ServicesNigeriaPoliciesSecurityTechnology
Over 70 Million Contactless Cards in Nigeria Remain Idle Over Fear of Fraud, Lack of Trust
More than 70 million contactless debit cards given to Nigerians by banks are still not being used, mainly because many Nigerians do not trust the technology. Even though the cards …
- AviationBusinessBusiness InsightsBusiness PoliciesFinance & ServicesInfrastructureNigeriaPoliciesTransportation & LogisiticsTravel & Tourism
Nigerian Air Travel Still Struggling to Reach Pre-COVID Levels as High Costs Keep Passengers Away
Air travel in Nigeria is yet to bounce back to the level it was before the COVID-19 pandemic, mainly because many Nigerians are still facing financial pressure. With rising airfares …