NCAA suspends ‘No Pay, No Service’ directive over airlines’ outstanding debts
The Nigeria Civil Aviation Authority (NCAA) has temporarily suspended the enforcement of its “no pay, no service” directive against airlines...
CBN retains lending rate at 26%
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), at its 305th meeting on Wednesday, voted on...
Dangote Refinery reduces jet fuel price to N1,650 per litre
Dangote Petroleum Refinery has reduced the price of aviation fuel, also known as Jet A1, from N1,750 to N1,650 per...
Transcorp excites shareholders with ₦20.3bn dividend at 20th AGM
Transnational Corporation Plc (“Transcorp Group” or the “Company”) (NGX: TRANSCORP), Africa’s leading listed conglomerate with strategic investments in power, hospitality...
CBN engages sub-national governments, reaffirms commitment to inflation targeting
The Central Bank of Nigeria (CBN) has emphasised the critical role of State Governments in ensuring a successful transition to...
FirstHoldCo grows gross earnings to N3.4trn
FirstHoldCo Plc says its gross earnings rose by 6.9 per cent to N3.4 trillion for the year ended Dec. 31,...
Yuan weakens to 6.8502 against dollar
The central parity rate of the Chinese currency renminbi, or the Yuan, weakened 15 pips to 6.8502 against the dollar...
NUPRC ‘allocates 61.9m barrels crude oil to domestic refineries in Q1’
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) allocated 61.9 million barrels of crude oil to domestic refineries in the First...
Samsung posts record Q1 revenue, flags market pressures
Samsung Electronics has reported a 43 per cent rise in first-quarter revenue to 133.9 trillion Korean won, its highest quarterly...
GTCO posts N302.9bn Q1 profit before tax
Guaranty Trust Holding Company Plc (GTCO) reported profit before tax of N302.9 billion for the period ended March 31, 2026....
Dangote Refinery to employ 95,000 skilled workers for expansion to 1.4m bpd
President of Dangote Group, Aliko Dangote, has announced that the expansion of the Dangote Refinery to a production capacity of...
UBA total assets grow by 9.4%, repositions balance sheet for sustainable growth
Africa’s Global Bank, United Bank for Africa (UBA) Plc has announced its audited financial results for the year ended December...
March revenue: FG N789.159bn, states N657.596bn, councils N468.826bn
The Federation Account Allocation Committee (FAAC) has shared N2.036 trillion among the Federal Government, states and Local Government Councils (LGCs)....
CBN, FMDA announce new money market benchmark
The Central Bank of Nigeria (CBN), in collaboration with the Financial Markets Dealers Association (FMDA), has announced the introduction of...
NDIC seeks court orders to liquidate 89 failed banks
The Nigeria Deposit Insurance Corporation (NDIC) says it has begun the process of concluding the liquidation of 89 closed Microfinance...
Naira gains N12.41 at official market
The Naira, on Tuesday, further appreciated at the official market trading at N1,343.76 against the U.S. dollar. According to data...
Oil output drops to 1.51mbpd, as NNPC remits N1.804trn
Crude oil and condensate fell to an average of 1.51 million barrels per day (mbpd) in February 2026, even as...
AfDB approves $200m loan to boost Nigeria’s digital backbone, jobs
The African Development Bank Group (AfDB) has approved a $200 million loan to support Nigeria’s digital infrastructure expansion and job...
Tinubu hails Dangote at 69, applauds his contributions to Nigeria’s economic growth
President Bola Tinubu has extended warm felicitations to Alhaji Aliko Dangote, Africa’s foremost industrialist, on his 69th birthday, applauding his...
Naira gains N14.83 at official market
The Naira, on Wednesday, appreciated at the official market trading at N1,371.82 against the U.S. dollar. According to data released...
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