Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has said the country’s net foreign reserves have risen to $49 billion, marking a strong and sustained recovery from …
Nigeria’s foreign exchange market has recorded a renewed divergence between the official exchange rate and the parallel market, marking the first significant widening of the gap in about three years. …
Africa’s technology ecosystem witnessed a clear strategic shift in 2025, as companies increasingly turned to mergers and acquisitions to drive growth, rather than relying on large funding rounds. Industry data …
Thousands of users of ChatGPT, the artificial intelligence chatbot developed by OpenAI, were left stranded yesterday after the platform experienced a widespread service outage that disrupted conversations and access across …
Unilever Nigeria Plc has reported a 99 per cent jump in profit after tax to N30.7 billion for the financial year ended December 31, 2025, buoyed by strong revenue growth, …
A new survey by PwC Nigeria has revealed rising confidence among business leaders, with 91 per cent of Chief Executive Officers (CEOs) expressing optimism that Nigeria’s economy will improve in …
The Federal Airports Authority of Nigeria, FAAN, will begin the implementation of new air cargo tariffs from February 2, 2026, bringing to an end almost 20 years without an upward …
By a strategic boardroom move seen as strengthening investor confidence, Africa’s foremost industrialist, Aliko Dangote, has appointed Zimbabwean business leader and MTN Group President/CEO, Ralph Mupita, to the board of …
The Private Infrastructure Development Group (PIDG), through its project development arm, InfraCo, has exited its $26 million preference share investment in InfraCredit Nigeria, posting a strong return despite a tough …
BUA Foods Plc has posted a pre-tax profit of N534.8 billion for the 2025 financial year, almost double the N284.3 billion recorded in 2024, according to its audited results filed …