Browse Category

Business

Shenzhen Gold Trading Platform Jieworui Faces Redemption Crisis, Government Task Force Steps In

A Shenzhen-based gold trading platform, operated by Shenzhen Jiewo Rui Jewelry Co., Ltd., has come under official scrutiny after reports emerged of widespread redemption difficulties, with many investors unable to withdraw cash or receive gold they purchased. The situation has drawn public

February 1, 2026

FBN Holding Appoints Otedola As Chairman Days After Return To Forbes African Billionaires

Business·News·Top Stories

First HoldCo Absorbs ₦748bn Loan Losses, Says Balance Sheet Now Stronger for Recapitalisation Drive

First Bank Holding Company (First HoldCo) has said its decision to recognise ₦748 billion in legacy bad loans in one sweep has placed the group on a stronger footing ahead of the Central Bank of Nigeria’s (CBN) planned banking sector recapitalisation, despite

January 31, 2026

Gold remains too hot to chase, too hot to short

Business·Top Stories·World News

Gold, Silver Suffer Historic Losses as Fed Policy Shift Jolts Markets

Global precious metals markets were thrown into turmoil on Friday as gold prices fell by about 12 per cent while silver plunged as much as 33 per cent, marking one of the sharpest sell-offs in decades, according to multiple market trackers and

January 30, 2026

CBN Insists On June 3 Recapitalisation Deadline For BDCs

Business·Top Stories

Dollar Rate Drops To N1,437/$ In Black Market, Rises To N1,391/$ In Official Market

The United States dollar (USD) traded at N1,437 per $1 in the black market on Friday, January 30, compared to the N1,478 per dollar recorded on Thursday, January 29. According to Naira Rates, the black market rate aggregator, the value of the

January 30, 2026

John Holt, CWG, Others End Nigerian Stock Market Losing Streak With N141.70bn Gain

Business·Top Stories

Nigerian Stock Market Valuation Rises By N184bn

The Nigerian Exchange (NGX) said the market capitalisation increased by N184.11 billion to N106.15 trillion on Friday, January 30. NGX said the market capitalisation surged from the N105.96 trillion reported on Thursday, January 29. However, the all-share index (ASI) depreciated by 156.91

January 30, 2026

Business·Top Stories

Tantalizers DMD, Director Milk Firm’s Bullish Run, Take Out N173bn

Ovirih Israel, a non-executive director of Tantalizers Plc, and Ifidon Charles, the company’s group deputy managing director (DMD), have sold part of their shares to milk the fast-food’s bullish run in the Nigerian Exchange (NGX). In the last one year, demand for

January 30, 2026

Business·News·Top Stories

Babajide Sipe, Abiodun Coker, Others Lead New ACAMB Executive Council for 2026–2028

The Association of Corporate Communication and Marketing Professionals in Banks (ACAMB) has elected a new executive council, promising unified advocacy and professional growth for its members. The elections, conducted during ACAMB’s Annual General Meeting in Lagos on Thursday, brought seasoned banking communication

January 30, 2026

Business·News·Top Stories

CBN Governor Hosts British International Investment, Reaffirms Commitment to Financial Sector Reforms

The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, hosted a high-level delegation from British International Investment (BII) as part of ongoing efforts to deepen financial sector reforms, attract long-term foreign capital and strengthen investor confidence in the Nigerian

January 29, 2026

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 18th August 2025

Business·Top Stories

Naira Records Strongest Performance Against Dollar In Two Years

On Thursday, January 29, the naira recorded its strongest performance against the United States dollar (USD) after the foreign exchange rate closed at N1,385 per $1 in the Nigerian foreign exchange market (NFEM). According to the NFEM data provided by the Central

January 29, 2026

NGX Suspends Trading In Unity Bank, Guinea Insurance, 6 Other Companies’ Shares

Business·Top Stories

NGX Gains N232bn After ASI Appreciates By 0.21%

The market capitalisation of the Nigerian Exchange (NGX) closed at N105.96 trillion on Thursday, January 29, above the N105.73 trillion recorded on Wednesday. NGX revealed that the market capitalisation surged by N232.34 billion following a 0.21 percent appreciation in the all-share index

January 29, 2026

Business·Top Stories

Union Dicon Is On Path Of Short-term Liquidity Problems

After failing to generate revenue from its core business of salt refinement and distribution for over four years, Union Dicon reported that it earned N13.63 million in turnover in 2025. While the resumption of revenue should elicit applause, the company incurred N23.09

January 29, 2026

1 2 3 … 744 Next

Trump Threatens 100% Tariffs on Canadian Goods Over China Trade Deal

U.S. President Donald Trump has threatened to impose 100 per

Nigeria Tightens Rules for Courier Companies Using Prepaid Imports

Nigeria’s customs authority has introduced new rules for courier companies

Behind the Geregu Power Sale: Politics and a $750m Deal

The sale of Geregu Power, one of Nigeria’s largest electricity

Recapitalisation: UBA Extends Deadline For Rights Issue

UBA Hits Billion-Naira Milestone: Rights Issue Success Pushes Capital Base Above ₦500bn

United Bank for Africa (UBA) has successfully concluded its rights

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.

Necessary

Always Enabled

Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.

Cookie	Duration	Description
cookielawinfo-checbox-analytics	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checbox-functional	11 months	The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checbox-others	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-necessary	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-performance	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy	11 months	The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.

Business

Shenzhen Gold Trading Platform Jieworui Faces Redemption Crisis, Government Task Force Steps In

First HoldCo Absorbs ₦748bn Loan Losses, Says Balance Sheet Now Stronger for Recapitalisation Drive

Gold, Silver Suffer Historic Losses as Fed Policy Shift Jolts Markets

Dollar Rate Drops To N1,437/$ In Black Market, Rises To N1,391/$ In Official Market

Nigerian Stock Market Valuation Rises By N184bn

Babajide Sipe, Abiodun Coker, Others Lead New ACAMB Executive Council for 2026–2028

CBN Governor Hosts British International Investment, Reaffirms Commitment to Financial Sector Reforms

Naira Records Strongest Performance Against Dollar In Two Years

NGX Gains N232bn After ASI Appreciates By 0.21%

Union Dicon Is On Path Of Short-term Liquidity Problems

Featured Stories

Giants Real Madrid Becoming Teeters

In the House of ‘My Lord’, There are Judgments – Odinkalu

Wired for Disruption: How Modern Life Impacts Kids’ Brains

Reno, Sowore, and the Spirit of the Tinubu Era

Whatsapp Channel

Latest News

Tinubu’s Reforms Driving Nigeria’s Rising Role in Global Growth – Presidency

Tinubu Hails Fela Kuti on Posthumous Grammy Lifetime Achievement Award

US Cannot Force Nigeria to Cancel Turkey Arms Deal – Defence Chief

Giants Real Madrid Becoming Teeters

Trump Threatens 100% Tariffs on Canadian Goods Over China Trade Deal

Nigeria Tightens Rules for Courier Companies Using Prepaid Imports

Behind the Geregu Power Sale: Politics and a $750m Deal

UBA Hits Billion-Naira Milestone: Rights Issue Success Pushes Capital Base Above ₦500bn

Tinubu’s Reforms Driving Nigeria’s Rising Role in Global Growth – Presidency

Suggestions

Business

Featured Stories

Follow Us

Whatsapp Channel

Latest News