Business & Finance

Chineye Egesi

May 09, 2026

In less than a week, Africa’s richest man, Aliko Dangote, has added nearly a billion dollars to his already massive fortune pushing his net worth to a staggering $34.0 billion, according to the latest Bloomberg Billionaires Index.

Chineye Egesi

May 07, 2026

In a decisive move that underscores its commitment to strategic brand leadership and corporate governance excellence, FirstBank, West Africa’s premier financial institution and pioneer of financial inclusion, has officially confirmed the appointment of Olayinka Ijabiyi as the substantive Group Head, Marketing and Corporate Communications.

Chineye Egesi

May 07, 2026

First City Monument Bank (FCMB) has officially announced the opening of a new application round for its SheVentures proposition, a financing initiative specifically designed to support women-led businesses across Nigeria. Under this programme, the bank is offering zero-interest loans as high as N10 million to female entrepreneurs, aiming to improve access to working capital and drive sustainable business growth.

Chineye Egesi

May 06, 2026

Dangote Refinery has increased its ex-depot price of Premium Motor Spirit (petrol) to ₦1,350 per litre, marking a ₦75 rise from the previous rate.

Chineye Egesi

May 06, 2026

In a strong appeal to young Nigerians, the Chairman of the Nigerian Exchange Group (NGX), Dr. Umaru Kwairanga, has advised against the growing “Japa” trend, arguing that seeking a better life abroad is often expensive and rarely delivers the expected results.

Chineye Egesi

May 06, 2026

Credit extended by Nigeria’s banking industry to the private sector reached an all-time high of N94.61 trillion in February 2026, according to new data from the Central Bank of Nigeria (CBN).

Chineye Egesi

May 06, 2026

Despite Nigerian universities churning out thousands of graduates every year, chief executive officer of Moniepoint, Tosin Eniolorunda, says his fintech firm is unable to find qualified applicants to fill hundreds of roles.

Chineye Egesi

May 05, 2026

Investors on the Nigerian Exchange (NGX) have something to look forward to in May 2026, as 18 listed companies are set to pay out dividends led by some of Nigeria’s biggest corporate names. According to corporate filings compiled by Nairalytics (the research arm of Nairametrics), MTN Nigeria, Okomu Oil Palm, Seplat Energy, BUA Cement, and Zenith Bank top the list.

Chineye Egesi

May 05, 2026

In a landmark leadership transition that signals both regulatory maturity and institutional continuity, Zenith Bank Plc has named engineer and long-standing board member Mustafa Bello as its new Chairman. He succeeds founder Jim Ovia, whose retirement marks the end of an iconic chapter for one of Africa’s most formidable financial institutions.

Chineye Egesi

May 05, 2026

Zenith Bank Plc has formally announced the retirement of its Founder and Group Chairman, Jim Ovia, marking the end of an era for one of Nigeria’s most influential banking institutions.

Chineye Egesi

May 05, 2026

Nigeria’s central bank has closed the door on a historic bank recapitalisation round and opened a new, tougher chapter: one where boardroom discipline, not just balance sheet size, will determine which lenders survive and thrive.

Chineye Egesi

May 04, 2026

Nigeria’s subnational external debt profile expanded significantly in 2025, with 32 states and the Federal Capital Territory (FCT) collectively increasing their foreign obligations by $944.12 million, according to newly analysed data from the Debt Management Office (DMO).