GTBank delays reopening as core banking system upgrade takes longer than expected

14, October 2024. Guaranty Trust Bank (GTBank) has issued an...

Musa celebrates Uyo fans’ affection, 32nd birthday

15, October 2024. Ahmed Musa is appreciative of the affections...

NNPC sells PMS to IPMAN at N995/litre.

15, October 2024. The Nigerian National Petroleum Company Limited has...

Nigeria’s Air Force Acquires 24 M-346 Jets and 10 Helicopters as Fleet Renewal Plan Accelerates

ABUJA, Oct 14 (Reuters) – Nigeria’s air force is...

Foreign Policy

Today: Browse our editor's hand picked articles!

Hezbollah drone attack on army base kills 4 Israeli soldiers and injures dozens

14, October 2024 A Hezbollah drone attack on an Israeli...

Many African Conservatives See Trump as Their Defender, … Second Term vs. Harris.

Can you recall hearing anything at all about Africa,...

Nigerian Woman Arrested in Canada for Threatening to Poison Yoruba and Benin Ethnic Groups

Toronto Police have arrested a 46-year-old Nigerian woman, Amaka...

World Bank Cuts Nigeria’s Growth Forecast to 3% Amid Conflict and Climate Challenges

Nigeria Needs Significant Investment to Boost Economic Recovery, Says World Bank Lagos, Oct 14 – The World Bank has revised Nigeria’s economic growth forecast for 2023...

The BigRead

Xi Wants Bigger Returns, Fewer Headaches From African Debt Deals

When Chinese President Xi Jinping welcomes African leaders to...

China-Africa Relations at a Crossroads

China’s $170 Billion Investment in Africa: Debt, Strategic Interests,...

China Captures 72% of DRC’s Cobalt Mines, $300M Zimbabwe Lithium Plant as Influence grows

China-Africa relations have seen significant growth over the past...

Ownership Dispute: Femi Otedola vs. Barbican Capital Over Largest Stake in First Bank

Explainer: Ownership Battle at Nigeria’s Oldest Bank What’s Happening? A significant...

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Consumer + Price

The Nigerian Economy

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Markets + Investing
Markets & Investing

Aradel Holdings Lists 4.34 Billion Shares on NGX, Boosting Market Cap by N3.05 Trillion

Aradel Holdings Plc, a key player in Nigeria's oil...

NGX Transactions Decline by 33.09%, Investors Lose N5 Billion

On October 10, 2024, the Nigerian Exchange Ltd. (NGX)...

NGX Closes Positive, Investors Gain N74bn

By Rukayat Adeyemi Lagos, Oct. 11, 2024 (NAN) - The...

NGX Suspends Trading of Transcorp Shares, Investors Gain N46bn

By Rukayat Adeyemi Lagos, Oct. 12, 2024 (NAN) - The...

Stock Market Slumps as Investors Lose N57 Billion Amid Banking Selloffs

Lagos, Oct. 9, 2024 (NAN) – The Nigerian stock...

GX Market Capitalisation Gains N57 Billion as All-Share Index Rises 0.10%

Lagos, Sept. 30, 2024 (NAN) — The Nigerian Exchange...

Monetary + Fiscal Policy

Naira Depreciates to N1,625.13 per Dollar, Reflecting 4.05% Loss on Official Market

Lagos, Oct. 9, 2024 (NAN) – The naira depreciated...

Nigeria’s Central Bank to Automate Forex Trading by December; Naira Hits 1,634/USD

ABUJA, Oct 4 Nigeria’s central bank will automate...

Naira gains 2.24% against dollar at official market

By Grace Alegba Lagos, Sept. 27, 2024 (NAN) The Naira...

Naira Plummets to ₦1,677 per Dollar Despite 50 Basis Point Rate Hike

Naira Hits Record Low Against Dollar Despite Interest Rate...

Commodities

Nigeria’s Cocoa Exports Surge 304% in Q1 2024 Amid Strong Global Demand and Record Prices

Cocoa harvests are looking promising for the upcoming season,...

Nigeria’s Corn Acreage Drops to 5.1 Million Hectares for 2024/2025, Lowest in 14 Years

Nigeria’s corn acreage has fallen to 5.1 million hectares...

Nigeria’s Cocoa Processing Industry Slumps to 8% Capacity Amid Economic Challenges

Nigeria’s cocoa processing sector has dwindled to just 8%...

Oil + Renewable

NNPC sells PMS to IPMAN at N995/litre.

15, October 2024. The Nigerian National Petroleum Company Limited has agreed to sell Premium Motor Spirit (petrol) to members of the Independent Petroleum Marketers Association of...

Oil falls 2% as OPEC Cuts 2024-2025 Oil Demand Growth Again Amid Global Uncertainty

LONDON, Oct 14 (Reuters) - OPEC announced another reduction...

OPEC Cuts 2024 Oil Demand Forecast, Nigeria’s Output at 1.18M bpd Amid Fuel Hike

OPEC Cuts Oil Demand Growth Forecast Amid Nigeria’s Rising...

Belemaoil Resumes Operations at OML 55 After 3-Year Shutdown Due to Theft

Belemaoil Resumes Production at OML 55 After 3-Year Shutdown...

Yemi Oke: Deregulation Of Nigeria’s Petroleum Market Painful But Needed for Future

14, October2024. Professor Yemi Oke says the deregulation of Nigeria’s...

Companies + Finance
Companies & Markets

GTBank delays reopening as core banking system upgrade takes longer than expected

14, October 2024. Guaranty Trust Bank (GTBank) has issued an update regarding its ongoing transition to a new Finacle Core Banking Application System. The bank notified...

GTBank Completes Transition to New Finacle Core Banking System

Guaranty Trust Bank (GTBank) has announced the successful transition...

Caribbean countries seek Dangote’s partnership in Cement, fertiliser production

…Grenada PM says Dangote Refinery will save Africa from...

BUA Foods Reports N729.4bn Revenue, Proposes N5.50 Dividend Amid 74% Growth

By Lucy Ogalue Abuja, Sept. 26, 2024 (Naija247news) — BUA...

Prioritise poverty eradication, gender equality, others, First Bank urges world leaders

FirstBank CEO Urges World Leaders to Prioritise Poverty Eradication,...

PZ Cussons Nigeria Awaits Further Details on Parent Company’s Divestment Plans

PZ Cussons Plans Exit After 48% Sales Drop Due...

Business News

Aliko Dangote Follows Mukesh Ambani’s Footsteps by Investing Refinery Profits in New Ventures

Aliko Dangote has revealed his plans to emulate fellow...

The Rise of Matrilineal Succession: Daughters Step Into Father’s Leadership Roles in Africa’s Business Dynasties

The rise of daughters as successors in Nigeria’s wealthiest...

“Qatar Airways Extends 12% Discount Partnership with Access Bank Through December 2024”

Qatar Airways has extended its discount partnership with Access...

Bolt Considers Fare Hike in Lagos Following 45.38% Surge in Fuel Prices

Bolt is contemplating a fare increase in Lagos due...

Dangote Industries Limited, again emerges as the Most Valuable Brand in Nigeria for 7th time

For the seventh consecutive years, Dangote Industries Limited,...

Executive + Insights

Green+ Environment

Politics + Govt

State of The Nation

Man escape after stabbing cousin to death in Lagos

15, October 2024. An argument between two relatives turned tragic...

God never planned suffering for Nigerians -obasanjo

14, October 2024 Former President Olusegun Obasanjo says it is...

Many Dead, police station, vehicle set ablaze over alleged protection of Fulani kidnappers.

14, October 2024 Several persons were on Sunday reportedly killed...

Chinese Firm Donates Food Distribut to Maiduguri Flood Victims

13, October 2024 Chinese construction firm, theChina Machinery Engineering Corporation...

Security +

Wealth