Business/Economy

Foreign Reserves Surge 12.73% YoY to $38.35bn Despite Volatility   CHIGOZIE AMADI Nigeria’s foreign reserves rose by $4.33 billion year-on-year (YoY) to $38.35 billion as of March 6, 2025, reflecting a 12.73 per cent increase from the...

*Says it’s tragedy country only recorded $2bn FDI inflows annually in recent years *Warns against excessive strengthening of local currency   CHGOZIE AMADI Chatham House, a UK international affairs policy think tank, said the Nigerian economy was witnessing...

  Access Bank Plc has received the IFC Excellence in Design for Greater Efficiencies (EDGE) Green Building Certification for its banking headquarters, called Access Tower, located in Oniru, Victoria Island, Lagos. The EDGE Green Building certification...

  .Assures its  has simplified export processes for traders, investors.   UGO AMADI   Determined to ensure that the Nigerian ports take advantage of the intra African trade that is expected to increase with the coming into operation of...

Transnational Corporation Plc Nigeria’s leading listed conglomerate has announced its financial results for the year ended December 31, 2024.   Consistent with its results track record, the Group sustained its strong growth trajectory across its financial...

Globacom is welcoming new customers on its network with the introduction of the e-SIM. The e-SIM activated in any Gloworld shop or Dealer outlet comes with an introductory free 5GB data when the customer...

  Telecommunications company, Globacom, has announced a new offer of 200% value-back to its customers who buy MiFi devices at its retail outlets across Nigeria. In a press statement issued in Lagos, the company said that...

Naira defies pressure, ends February below N1,500 per dollar   Naira closed February 2025 with an 8.5 per cent gain month-on-month on the parallel market to settle at 1,490/$, while it closed at 1,500/$ on the...

ATMs loaded with cash as N100 withdrawal fee begins CHIGOZIE AMADI Banks are loading their ATMs with cash as they commenced charging N100 for transactions on March 1. The Central Bank released the revised ATM transaction fees...

  …Executive Orders lead to 4 FIDS.   The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, on Tuesday in Abuja charged oil and gas industry stakeholders in Africa...