Nigeria’s electricity subsidy regime is undergoing a seismic shift, creating a clear divide of winners and losers as the Federal Government moves to shed a fiscal burden that has ballooned to over N1.98 trillion annually....

Regulatory headwinds, higher capital requirements, and easing interest rates will put Nigerian banks to the test in 2026, according to a report by S&P Global. Despite these challenges, banks are forecast to preserve earnings, supported by growth in net i...

Nigeria's ambitious effort to revive its flagging oil and gas sector is being undermined by persistent bureaucratic delays, with industry executives warning that a presidential directive to accelerate project contract awards is not being implemented on th...

The aggressive interest rate hikes implemented by the Central Bank of Nigeria (CBN) have begun to bite, dragging the pace of lending to the private sector down to its lowest level in five years....

FBN Holdings Plc, the parent of Nigeria’s oldest commercial lender, saw its shares suffer their steepest single-day decline in three months, opening an avenue for investors to grab the stock at a discount....

Repeated fire disasters across Nigeria have destroyed markets and small businesses, with an estimated N4.6 trillion in assets. The informal sector bears the heaviest losses yet remains largely uninsured. BusinessDay Investigations examines how frequent fi...

First HoldCo Plc, Nigeria’s oldest financial services holding company, has posted its weakest full-year profit in eight years after taking a massive one-off impairment charge to clean up legacy bad loans....

Nigeria’s oil revenue fell sharply in 2025, owing to the Nigerian National Petroleum Company's (NNPC) failure to deliver up to 86 percent of the promised revenue to the federal government's coffers, exposing the fragility of Nigeria's oil-dependent econom...