Business
First HoldCo Raises N83.7bn in Private Placement
First HoldCo Plc has raised N83.7 billion through a private placement following the issuance of 2.58 billion ordinary shares at N32.50 per share, according to a market disclosure…
Finance
Finance
Developing Countries Face Record $8.9tn External Debt, Raising Fiscal and Social Pressures
Developing countries, including Nigeria, are confronting their most severe debt squeeze in at least 50 years, with total external debt reaching a record $8.9tn in 2024, according to…
Business
Nigeria’s FDI Jumps 700% to $720m in Q3 2025 — CBN
Foreign Direct Investment (FDI) inflows into Nigeria rose sharply to $720 million in the third quarter of 2025, up from $90 million recorded in the second quarter, representing…
Finance
United Airlines CEO Says Domestic Air Travel in Nigeria Remains Among Cheapest Globally
The Chairman and Chief Executive Officer of United Airlines Limited, Prof. Obiora Okonkwo, has stated that domestic air travel in Nigeria remains among the cheapest in the world,…
Business
NDIC, NIBSS to Formalise Partnership for Faster Depositor Reimbursement
The Nigeria Deposit Insurance Corporation (NDIC) and the Nigeria Inter-Bank Settlement System (NIBSS) Plc are preparing to formalise a strategic partnership aimed at significantly improving the speed, accuracy,…
Business
Dangote Says Trump Supports Refinery Operations
Nigerian billionaire and President of the Dangote Group, Aliko Dangote, has dismissed claims that the United States is opposed to the operations of the Dangote Petroleum Refinery, stating…
Business
Court Strikes Out Liquidation Case After Dantata & Sawoe Settles $1.4m Debt
Dantata & Sawoe Construction Company Limited has avoided liquidation after fully settling a $1.4 million debt owed to Zutari Consulting Nigeria Ltd, leading the Federal High Court in…
Finance
FG Projects N50.74tn Revenue in 2026 as Deficit Surges Beyond 2022 Budget Size
The Federal Government has projected total revenue of N50.74 trillion for 2026 and set a targeted economic growth rate of 4.68 per cent, even as its proposed deficit…
Business
Presidential Jet Sale Listing Withdrawn
The marketing firm managing the sale of Nigeria’s presidential Boeing 737-700 Business Jet has taken down the aircraft’s listing. The jet, previously displayed on the company’s website, was…
Finance
AMCON Says It Has Repaid N3.6tn to CBN, Vows Tougher Action on Debtors
The Asset Management Corporation of Nigeria says it has repaid about N3.6 trillion to the Central Bank of Nigeria since its establishment in 2010 to stabilise the country’s…