A new report by geopolitical and economic research firm, SBM Intelligence, has praised the recapitalisation strategy of FCMB Group as one of the most effective approaches among Nigeria’s Tier-2 banks. …
Business
- BankingBusinessCapital MarketEconomyFinanceNigeria
President and Chief Executive of Dangote Petroleum Refinery, Aliko Dangote, has declared that Nigeria’s long history of fuel scarcity and queues has finally come to an end following one year …
- BusinessEconomyFinanceInsuranceINVESTMENTReal Estate
Lasaco Assurance Reports 84% Rise in Shareholders’ Fund to N22.11bn in Q2 2025
Lasaco Assurance Plc has announced a significant boost in its financial position after posting an 84 per cent growth in shareholders’ fund, which rose to N22.11bn in the second quarter …
- BusinessDiplomacyEconomyInternationalPoliticsTrade
U.S. Democrats Urge Trump Administration to Press China on Industrial Overproduction
The Democratic Party in the United States has asked the administration of President Donald Trump to put pressure on China to reduce what it described as “structural overproduction,” essentially calling …
- BusinessEconomyForeign ExchangeGovernanceINVESTMENTOil & Gas
Nigeria Records 16-Year Low in Crude Oil Theft
Nigeria has achieved its lowest level of crude oil theft in 16 years, a development analysts say could ease pressure on the foreign exchange market, boost fiscal revenues, and restore …
- AgricultureBusinessEconomyForeign ExchangeOil & GasTrade
Nigeria Records N12.64tn Trade Surplus in H1 2025, Analysts Warn of Risks
igeria recorded a trade surplus of N12.64 trillion in the first half of 2025, offering some relief for the country’s foreign exchange market even as concerns remain about structural weaknesses …
- BusinessEconomyEventsSustainabilityTrade
Dangote Partners Abuja Chamber to Sponsor 2025 International Trade Fair
Dangote Industries Limited has announced its sponsorship of the 2025 Abuja International Trade Fair, reaffirming its role as a key player in Nigeria’s industrial growth and Africa’s economic development. The …
- BusinessEconomyHousingInfrastructureNigeriaReal Estate
Pelican Valley Unveils Modern Site Office in Kobape, Ogun State
Pelican Valley Nigeria Limited has inaugurated a new modern site office at Pelican Brief Estate in the Kobape area of Ogun State, in what the company described as a milestone …
- BusinessEntertainmentInnovationRetailTechnologyYouth Empowerment
Infinix Opens Flagship Store in Abuja, Launches Gaming-Focused GT 30 Pro
Global smartphone brand, Infinix, has strengthened its footprint in Nigeria with the launch of a flagship retail outlet at Jabi Lake Mall, Abuja. The unveiling, which held on Sunday, also …
- BusinessEconomyGovernanceOil & GasRegulationSafety
NUPRC Revokes Oritsemeyin Rig Licence Over Safety Breach
An oil and gas industry consultant, Dr. Maurice Ibe, has said the revocation of the operating licence of the Oritsemeyin Rig is a clear warning to upstream operators in Nigeria …