Naira Opens Week Weak Against US Dollar Across FX Markets
The Nigerian currency opened the trading week with marginal losses against the US dollar at the NAFEX window, trading at N1,371.04/$1, while it depreciated further on the GTBank FX desk.
Category : Business
Dollar Hits Four-Week High, Naira Weakens Across Markets
The US dollar surged to a four-week high as Middle East tensions escalated, while the Nigerian naira depreciated across official and parallel markets amid global dollar strength.
EU Fertiliser Action Plan Must End Fossil Fuel Dependency
Over 70 civil society groups urge the EU to end fossil fuel dependency in its food system through the upcoming Fertiliser Action Plan, promoting agroecology and biofertilisers.
LCCI Decries Inflation Impact on Manufacturers, MSMEs
LCCI expresses dismay as Nigeria's inflation rises to 15.69%, hurting manufacturers and MSMEs. BPP unveils new guidelines to curb contract cost inflation.
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Social Media Reshapes Nigeria Real Estate: Risks and Regulation
Social media transforms Nigeria's real estate market, boosting leads but raising fraud risks. Experts call for regulation to curb scams and ensure trust.
AfDB approves $200m for BoI to support MSMEs
The African Development Bank has approved a $200 million financing facility for the Bank of Industry to expand long-term funding for businesses in key sectors of Nigeria's economy.
Bank, Hallelujah Challenge Grant N50m to Entrepreneurs
Premium Trust Bank and Hallelujah Challenge awarded N50 million in grants to 13 entrepreneurs, with training to scale businesses sustainably.
Umeh Honours Pinaco Golden Jubilee in Vietnam
Dr. Chris Umeh celebrates Pinaco's 50-year milestone at the 2026 Customer Conference in Vietnam, highlighting JP Batteries' expansion across West Africa.
NPF Pensions Urges Improved Support for Police Officers
NPF Pensions Limited has called for greater recognition and support for Nigeria Police Force personnel, highlighting their sacrifices in maintaining national stability amid hazardous conditions.
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NEM Insurance revenue hits N152.3bn, declares N7.5bn dividend
NEM Insurance Plc records N152.3 billion insurance revenue in 2025, up 56% from 2024. Declares N7.52 billion dividend amid challenges.
Fintiri Seeks Stronger NEMA Partnership for Flood Mitigation
Governor Fintiri of Adamawa State pledges enhanced collaboration with NEMA to mitigate flood impacts, as NEMA launches 2026 awareness campaign.
23,000+ Nigerian Pilgrims in Makkah as Saudi Moon Sighting Starts
More than 23,000 Nigerian pilgrims have reached Makkah for Hajj 2026. Saudi Arabia begins Dhul Hijjah moon sighting; Eid Al Adha expected May 27.
Sugar Industry Can Tackle Nigeria's Unemployment, Insecurity
The National Sugar Development Council says a fully-developed sugar sector can create 250,000 direct jobs and 750,000 indirect jobs, boosting rural development and national security.
ATOPCON Urged to Leverage New Tax Act Incentives (18.05.2026)
ATOPCON consultants are urged to embrace the new Nigerian Tax Act's incentives, maintain accurate records, and ensure compliance for sustainable practice.
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Group Advocates 4Ps for Affordable Housing Delivery (18.05.2026)
A summit advocate Public-Private-People Partnerships to boost affordable housing, addressing finance, land access, and collaboration.
BOI, IFC Partner on Abuja Conference Arena Project
Bank of Industry and IFC sign agreement to develop Abuja Conference and Exhibition Arena, a world-class complex to boost tourism, jobs, and investment under a PPP framework.
FirstBank, Visa Roll Out Naira and Multi-Currency Debit Cards
FirstBank and Visa have launched the Visa Value Naira Debit Card and Visa Signature Debit Multi-Currency Card to expand digital payments and support Nigeria's cashless economy.
NAHCO shareholders approve N12.18b dividend, bonus shares
NAHCO shareholders approved N12.18 billion dividend and bonus shares for 2025, marking five years of payout increases. Share price rose over 150%.
NIA Challenges Architects on Resilience and Inclusivity
Architects urged to expand roles into creative industries and sustainable design at Lagos Architects' Forum 17.0, themed 'Lagos Architecture: The Movie'.
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NSE Pledges Skills Development, Urges Political Participation
The Nigerian Society of Engineers commits to continuous professional education and urges members to engage in politics ahead of 2027 elections, with a 35.1% membership increase.
Airlines Await FG's 30% Debt Relief Three Weeks On
Three weeks after the Federal Government approved a 30% debt relief for Nigerian airlines due to high Jet A1 prices, carriers have not received any communication or implementation, with stakeholders questioning the existence of such debts.
COCEFAAA Urges Stakeholders to Invest in Cocoa Value Chain
COCEFAAA calls on stakeholders to invest in cocoa processing, citing Sunbeth's new facilities as a model for retaining value in Africa.
FG Targets $74 Billion Livestock Economy with AfDB Support
Nigeria aims to grow its livestock economy from $32 billion to $74 billion in 10 years, backed by a $300 million AfDB package and new infrastructure.
Naira Weakens Marginally to N1,371/$
The naira depreciated slightly against the dollar, closing at N1,371.04/$ in the official market, amid high import costs and limited FX access.
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FG Launches IPPF to Safeguard Insurance Policyholders
Nigeria's FG inaugurates the Insurance Policyholders' Protection Fund (IPPF) to guarantee claims if insurers fail, boosting confidence in the sector under the NIIRA 2025 Act.
Global Leaders at WUF13 in Baku Tackle Housing Crisis
World leaders gather in Baku for WUF13 to discuss housing shortages, climate resilience, and inclusive urban planning amid rapid urbanization and global crises.
Mall Developers Restructure Assets Amid Retail Slowdown
Nigeria's retail sector faces transformation as economic pressures force mall owners to restructure assets, with Maryland Mall up for sale amid shifting consumer habits.
PenCom Approves Pension Funds for Dangote Refinery IPO
PenCom has approved pension assets for Dangote Refinery's IPO, allowing PFAs access to N29.5 trillion funds for investment in Africa's largest refinery.
Fresh Inflation Fears May Alter CBN Policy Plan, Economists Warn
Economists express concern over rising inflation, which may prompt the CBN to reconsider its cautious rate cut programme. April inflation hit 15.69%, driven by food and energy costs.
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BOI Chief: Profit Alone Cannot Define Success Without Impact
Bank of Industry MD Olasupo Olusi says loan disbursements and profitability are insufficient without measurable development impact, unveils new strategy focused on youth, climate, and MSMEs.
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