The Nigerian naira lost a little ground in the official foreign exchange market on Monday, slipping from N1,535.03 to N1,536.42 per dollar. The minor drop, according to market analysts, was …
Markets
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Central BankingCurrencyEconomyFinanceForeign AffairsMarkets
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In 2025, a quiet revolution is happening in the beauty and skincare world. The focus is no longer only on the face. Across Nigeria and other parts of the world, …
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BusinessCorporate AffairsEventsInnovationMarketsTechnology
Guinness Nigeria CEO Girish Sharma to Lead 2025 National Marketing Summit and Edge Awards
The Managing Director and Chief Executive Officer of Guinness Nigeria Plc, Mr Girish Sharma, has been announced as the keynote speaker for the 2025 National Marketing Stakeholders’ Summit and Edge …
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BusinessMarketsRegulationTechnologyTelecommunications
Google Fined $36m in Australia Over Anticompetitive Search Deals
Google has agreed to pay a fine of 55 million Australian dollars (about $36 million) after admitting to entering anticompetitive agreements with Australia’s two largest telecommunications firms, Telstra and Optus. …
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BusinessCurrencyEconomyFinanceMarketsRetailSales StrategySouth AfricaStock Market
South African Rand Strengthens on Higher Business Confidence and Retail Sales Growth
The South African rand gained further ground on Wednesday, helped by a weaker U.S. dollar and positive local economic data showing improved business confidence and retail sales growth. By mid-afternoon, …
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African AffairsBankingBusinessCorporate GovernanceFinanceMarketsSouth AfricaStock Market
Standard Bank to See Leadership Change in 2027
Standard Bank Group, Africa’s biggest bank by assets, has confirmed that its Chief Executive Officer, Sim Tshabalala, and Chief Financial Officer, Arno Daehnke, will step down from their roles by …
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Consumer AffairsCorporate NewsINVESTMENTMarketsTelecommunications
Nigerian Breweries, MTN and Nestlé to Resume Dividend Payouts in 2026 — Investors Await Reward
Three of Nigeria’s biggest publicly listed companies — Nigerian Breweries Plc, MTN Nigeria Communications Plc, and Nestlé Nigeria Plc — are expected to resume dividend payments in 2026. This comes …
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CommoditiesCurrencyEconomyINVESTMENTMarketsSouth Africa
South African Rand Eases After Two-Day Rally as Dollar Weakness Fades
The South African rand eased slightly in early trading on Thursday, pausing after two straight sessions of gains driven by a softer U.S. dollar. At 06:41 GMT, the rand was …
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Business and EconomyCurrencyGlobal NewsInflationMarketsPoliciesTrade
Dollar Weakens as Markets Expect U.S. Fed to Cut Rates in September
The United States dollar fell on Wednesday, August 13, 2025, as new economic data pushed more investors to believe that the U.S. Federal Reserve will cut interest rates in September. …
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EconomyEnergyMarketsNigeriaOil & GasPolicies
Nigeria’s Fuel Import Reliance Rises to 69 Percent in June
by Joy Radarrby Joy RadarrNigeria’s dependence on imported petrol has grown sharply, with fresh data showing that the country sourced 69 percent of its petrol needs from foreign suppliers in June 2025. Figures from …