Browse Category

Business

NGX Traders Exchange N33.54bn Shares, Market Cap Hits N106trn

After trading on the Nigerian Exchange (NGX), also known as the stock market, closed on Tuesday, January 13, the bourse’s market capitalisation grew to N106.18 trillion. This represents a N1.66 trillion gain in the stock market when compared to the N104.52 trillion

January 13, 2026

Naira Falls Against Dollar Across FX Markets

Business·Top Stories

Dollar, Pound, Euro Rates Drop In Official Market

The United States dollar (USD) depreciated in value by 0.33 percent against the naira after the official market’s foreign exchange rate dropped to N1,420.25 kobo per $1 on Tuesday, January 13. According to the data from the official market, also known as

January 13, 2026

Fidelity Bank Kicks Off N127 Billion Public Offer, Rights Issue Today

Business·Top Stories

Fidelity Bank’s Profit Drops By 50% To N87.67bn

Fidelity Bank recorded gross earnings of N 366,11 billion in the third quarter (Q3) of 2025, according to the company’s financial statements for the period ended September 30, 2025. In the statement, Fidelity Bank said gross earnings increased by 8.04 percent during

January 13, 2026

Business·Finance & Economy·Markets·News·Nigeria

Nigeria Tightens Rules for Courier Companies Using Prepaid Imports

Nigeria’s customs authority has introduced new rules for courier companies that handle imported goods under a system where duties are paid before delivery, Prime Business Africa reports. The Nigeria Customs Service said the changes affect companies operating under the Delivered Duty Paid

January 13, 2026

Africa·Business·Entrepreneurship·Finance & Economy·News

Ethiopia Set to Overtake South Africa with Continent’s Largest Airport

Ethiopia has started building what could become Africa’s largest airport, a $12.5 billion project that aims to outpace South Africa’s or Tambo International and position the country as a continental aviation hub. Construction has officially begun in Bishoftu, about 45 kilometres south-east

January 13, 2026

Business·News·Technology

Malaysia, Indonesia Block Grok Over Sexual Deepfake Images

Malaysia and Indonesia have blocked access to Grok, an artificial intelligence chatbot linked to Elon Musk’s platform X, citing concerns over the creation of sexually explicit deepfake images. Regulators in both countries said the tool had been used to alter images of

January 13, 2026

Naira vs Dollar: What To Expect This Week (24th-30th, March 2025)

Business·Top Stories

Dollar Rate Increases In Black Market

The parallel market recorded N1,479.99 kobo per United States dollar (USD) on Monday, January 12, compared to the N1,477 per $1 reported on Friday, January 9, indicating the naira depreciated by 0.20 percent. Also, the foreign exchange rate for the American greenback

January 12, 2026

Business·Top Stories

Redstar Express, ETranzact Extend NGX Upward Trend With N744.99bn Gain

The Nigerian Exchange (NGX) recorded a N744.99 billion increase in the bourse’s market capitalisation after the all-share index (ASI) expanded by 0.58 percent on Monday, January 12. According to NGX data, the market capitalisation of the Nigerian stock market grew from N103.77

January 12, 2026

Mike Adenuga Loses $300million As Net-worth Further Declines To $3.3bn

Business·Top Stories

Mike Adenuga Experienced Mixed Fortunes In Stock Market In 2025

Mike Adenuga, the founder of Globacom, a telecommunications company, and the third richest person in Africa, experienced mixed fortunes in the Nigerian Exchange (NGX), also known as the stock market, in 2025. According to an analysis of his investment portfolios in the

January 12, 2026

Nigerian Govt Publishes New Tax Laws In Gazette

Business·Finance & Economy·News·Top Stories

New Tax Act Faces Hurdles: Rent Relief Limits, Forex Restrictions Raise Concerns

The Chairman of the Alliance for Economic Research and Ethics (AERE), Dele Kelvin Oye, has warned that limitations in the Nigeria Tax Act 2025 could hinder its successful implementation. Speaking at a presentation, Oye highlighted issues like the cap on rent relief

January 12, 2026

Business·News·Top Stories

Ghana Raises 20% Above Target in Treasury Bill Auction

Ghana has raised GH¢9.081bn in its first Treasury bill auction of the year, exceeding its initial borrowing target and signalling strong investor appetite for short-term government debt. The auction, held on 8 January, received bids totalling GH¢9.1bn for 91-day, 182-day and 364-day

January 11, 2026

1 2 3 … 737 Next

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

GivTrade Secures UAE SCA Category 5 Licence

GivTrade, an international multi-asset brokerage providing access to global markets

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

NGX Traders Exchange N33.54bn Shares, Market Cap Hits N106trn

Dollar, Pound, Euro Rates Drop In Official Market

Fidelity Bank’s Profit Drops By 50% To N87.67bn

Nigeria Tightens Rules for Courier Companies Using Prepaid Imports

Ethiopia Set to Overtake South Africa with Continent’s Largest Airport

Malaysia, Indonesia Block Grok Over Sexual Deepfake Images

Dollar Rate Increases In Black Market

Redstar Express, ETranzact Extend NGX Upward Trend With N744.99bn Gain

Mike Adenuga Experienced Mixed Fortunes In Stock Market In 2025

New Tax Act Faces Hurdles: Rent Relief Limits, Forex Restrictions Raise Concerns

Ghana Raises 20% Above Target in Treasury Bill Auction

Featured Stories

Ethiopia Set to Overtake South Africa with Continent’s Largest Airport

Sudan Government Returns to Khartoum Amid Ongoing War

Malaysia, Indonesia Block Grok Over Sexual Deepfake Images

Odinkalu Warns of Retaliation Over Edo Residency Permit Proposal

Whatsapp Channel

Latest News

Nigeria to Appoint Five New Permanent Secretaries

APC Says Over Two Million Members Registered in First Week of Digital Drive

Edo Governor Frees Students, Rejects Kidnapping Claims Behind Ekpoma Protests

JAMB 2026 UTME Registration Begins Amid Fee and Access Concerns

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

GivTrade Secures UAE SCA Category 5 Licence

Nigeria to Appoint Five New Permanent Secretaries

Suggestions

Business

Featured Stories

Follow Us

Whatsapp Channel

Latest News