Business
FCCPC Tribunal Upholds $220 Million Fine Against Meta
The FCCPC Tribunal has upheld a $220 million fine against Meta and WhatsApp for data privacy breaches affecting Nigerian users
26 April 2025
Business
Business
Nigerian Banks Rake in N8.41 Trillion from Customer Loans in 2024
Nigerian banks generated N8.41 trillion from customer loans in 2024, marking a 106% increase driven by CBN’s tight monetary policy and higher lending rates.
25 April 2025
Business
FG Targets N900bn–N1.2trn from Domestic Bonds in Q2 2025
Nigeria plans to raise between N900bn and N1.2trn in Q2 2025 via domestic bonds, signaling a shift in debt strategy amid inflation and a N13.08trn budget deficit.
24 April 2025
Business
IMF Projects Nigeria’s Inflation to Average 37% in 2026
IMF forecasts Nigeria’s inflation to average 26.5% in 2025 following CPI rebasing, with renewed pressure expected in 2026 may spike to 37.0%.
23 April 2025
Business
Foreign Investment in Nigeria Hits Two-Year High
Foreign investments in Nigeria surged 524% in January 2025, driven by CBN’s aggressive interest rate hikes. Portfolio inflows dominate, while FDI continues to decline.
22 April 2025
Business
Naira Holds Firm Against Euro Despite Global EUR/USD Surge
Despite the euro’s surge against the U.S. dollar in global markets, the Nigerian naira remained steady on the parallel market
21 April 2025
Business
Foreign Investors Raise Caution Over Oil Risks and Market Barriers
Foreign investors acknowledge Nigeria’s macroeconomic reforms but raise concerns about oil volatility, capital repatriation risks, and high market costs at CBN’s investment forum in New York.
19 April 2025
Business
First Holdco Plc Posts N781.88 Billion Pre-Tax Profit in 2024
First Holdco Plc reports N781.88 billion pre-tax profit for 2024, with 125% growth. Femi Otedola increases shareholding to 11.8%. Gross earnings hit N3.21 trillion.
18 April 2025
Business
EU Eyes Nigeria’s Solid Minerals Sector with $700 Billion Investment Potential
European Union has expressed interest in Nigeria’s $700 billion solid minerals sector, with a focus on lithium, cobalt, and copper to support green energy goals.
17 April 2025
Business
Nigeria Unveils Strategic Palm Oil Revival Plan Amid Rising Investments
Nigeria’s palm oil sector is set for a major revival with a new strategic plan targeting 1.5 million hectares, increased investments, and a roadmap to reduce the nation’s import dependence and create jobs.
16 April 2025
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