Business
Trump’s Tariff Shockwaves Hits Nigeria’s Financial Markets
Nigeria’s financial markets reel from global tariff tensions as the naira weakens despite CBN’s $321m intervention
7 April 2025
Category: Business
Business
Nigeria’s Public Debt Hits Record N144.6 Trillion as Borrowing Surges
Nigeria’s total public debt soared to a record N144.6 trillion by end of 2024, driven by a sharp rise in domestic and external borrowings.
5 April 2025
Business
Transcorp Hotels Declares N7.57 Billion Dividend for 2024
Transcorp Hotels Plc declares a total dividend of N7.57 billion for 2024, reflecting its strong revenue growth, profitability, and improved guest experience.
4 April 2025
Business
GTCO and Zenith Bank Lead the Share Price Market in Q1 2025
GTCO leads Nigeria’s banking sector in Q1 2025 with the highest share price, while Zenith Bank follows closely.
3 April 2025
Business
Naira Faces Continued Pressure Below ₦1,550/$ as FX Market Remains Fragile
The naira struggles below ₦1,550/$ in the parallel market despite growing FX reserves. Meanwhile, global markets await President Trump’s new tariff plans.
2 April 2025
Business
Temu, Pricepally, and the Battle for Nigeria’s $9.54 Billion E-Commerce Market
Temu and Pricepally are making waves in Nigeria’s e-commerce market, projected to hit $9.54 billion in 2025. With digital adoption rising, competition intensifies among platforms like Jumia, Konga, and Jiji.
1 April 2025
Business
Military Juntas of Mali, Burkina Faso, and Niger Impose 0.5% Import Duty on ECOWAS Nations
Mali, Burkina Faso, and Niger have imposed a 0.5% import duty on Nigeria and other ECOWAS nations to fund their newly formed Alliance
31 March 2025
Business
UBA Group Chairman Tony Elumelu Gets Advisory Role at IMF
UBA group chairman Tony Elumelu gets appointed to IMF advisory council to help shape the institution’s research and analytical agenda.
28 March 2025
Business
FG Approves Two-Year Tax Break On Pharmaceutical Raw Materials
Nigeria exempts pharmaceutical raw materials from import duties and VAT for two years to boost local drug production and reduce healthcare costs.
27 March 2025
Business
AfDB Unveils New Strategy to Boost Nigeria’s Agriculture and Economic Growth
African Development Bank (AfDB) has launched a new Country Strategy Paper to support Nigeria’s agricultural sector
26 March 2025
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