Guaranty Trust Bank (GTBank) has informed its customers that there will be an increase in the fee for SMS transaction alerts, effective from Thursday, May 1, 2025. The new charge …
NIGERIA ECONOMY
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Banking, Finance & InvestmentBusinessBusiness InsightsEconomyNigeriaSpotlightTechnologyTelecommunications
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EconomyFinance & ServicesNigeriaTransportation & Logisitics
Vessels’ fund disbursement crucial for maritime growth – Shipowners
The African Shipowners Association has said that the disbursement of the Cabotage Vessels Finance Fund (CVFF) at a single-digit interest rate would bring massive growth opportunities for Nigeria’s maritime industry. …
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Nigeria’s Minister of State for Finance, Doris Uzoka-Anite, has said that the country’s tough economic reforms are now beginning to show positive signs, and investors who were previously worried are …
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AgricultureEconomyManufacturingPoliciesTrade and Commerce
Experts Say Nigeria Must Boost Production to Benefit from AfCFTA Tariff Removal
Economic experts have warned that Nigeria must increase local production and industrialisation if it wants to truly benefit from the African Continental Free Trade Area (AfCFTA) agreement, which offers a …
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BusinessEconomyFinance & ServicesMarkets
Nigerian Breweries Bounces Back, Records N44.6bn Profit in Q1 2025
Nigerian Breweries Plc has recorded a major turnaround in its business, posting a net profit of N44.6 billion in the first quarter of 2025. This marks a big comeback for …
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EconomyGOVERNMENTOil & GasPolitics
Edo Rep, Esosa Iyawe, Hails Tinubu’s Reconstitution of NNPC Board, Says It Will Boost Energy Sector Reforms
The member representing Oredo Federal Constituency in the House of Representatives, Hon. Esosa Iyawe, has praised President Bola Tinubu for what he described as the “timely and strategic” overhaul of …
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BusinessEconomyFinance & ServicesGOVERNMENT
Afreximbank Invests Over $50bn in Nigeria in 10 Years, Opens Trade Centre in Abuja
Afreximbank has pumped over $50 billion into Nigeria’s economy in the last ten years. The bank said the money was spread across major sectors like energy, manufacturing, healthcare, transport, infrastructure, …
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DevelopmentGOVERNMENTInfrastructureManufacturing & Consumer GoodsPolicies
FG to audit finances, operations of Ajaokuta Steel Company
The Federal Government has announced plans to begin a full technical and financial audit of the Ajaokuta Steel Complex and other major equipment under its care. This move is part …
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BusinessEconomyInternational RelationsPoliticsTrade and Commerce
Trade Among Yourselves to Survive Trump’s Tariff, Ecobank Boss Advises Nigeria
The Chief Executive Officer of Ecobank Transnational Inc., Mr. Jeremy Awori, has called on Nigeria and other African countries to increase trade among themselves in order to reduce the possible …
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BusinessEconomyFinance & ServicesManufacturing
Forex Wahala: Nigerian SMEs Struggle as Naira Crisis Deepens
Small and medium-sized businesses across Nigeria are groaning under the weight of the forex crisis as the naira continues to fall and the foreign exchange market remains unstable. For many …