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Markets
Northern Billionaires split biggest chunk of Jaiz Bank’s N4.91bn dividend
Nigeria’s premier non-interest financial institution, Jaiz Bank Plc recently got shareholders approval for a massive 57 percent increase in its dividend payout to 11 kobo per share following a stellar financial year 2025....
Economy
A $1 trillion mirage: NBS data expose gaps in Nigeria’s economic vision
Recent data from the Nigeria Bureau of Statistics (NBS) paints a bleak picture: Nigeria’s Gross Domestic Product (GDP) has plummeted in dollar terms by a staggering 52.63 percent nominally between  2023 and 2024 (Q1 to Q3) ...
Editor | Dec 05, 2024
Food crisis
Climate change hands Nigerian farmers fresh headache
Rising food prices may linger for longer in Africa’s most populous nation with farmers decrying the impact of climate change on production. ...
Editor | Dec 05, 2024
Manufacturing
Demand for concrete road outstrips cement supply
The transition to concrete in road construction is driving demand for cement, which has now outstripped supply, forcing prices up by 100 percent in the last one year....
Editor | Dec 05, 2024
Electricity bill
Eight big changes to expect with Lagos electricity law
Lagos State Governor, Babajide Sanwo-Olu, has signed the Lagos Electricity Bill 2024 into law, a pivotal step towards ensuring 24-hour electricity supply across the state....
Editor | Dec 04, 2024
Electricity bill
Sanwo-Olu signs bill in boost for electricity
Lagos State took charge of its energy destiny on Tuesday when Governor Babajide Sanwo-Olu signed the Lagos Electricity Bill 2024 into law. “With this law, we take a significant step towards...
Editor | Dec 04, 2024
Tax Reform
10 changes to expect as FG’s tax reforms begin
Nigeria is seeking to harmonise its complex tax system with a new bill that is aimed at ending multiple taxation, increasing revenue generation and lowering recurring borrowings....
Editor | Dec 04, 2024
Eurobond
Eurobond $9bn oversubscription seen steadying naira
Analysts say the naira could see some stability as Africa’s most populous nation successfully tapped the international bond market after a two-year hiatus, recording a $9 billion oversubscription....
Editor | Dec 03, 2024
Naira
Naira appreciates after first FX trading on Bloomberg BMatch System
The naira, on Monday, appreciated against the dollar at the parallel market after the first foreign exchange (FX) trading day on the Electronic Foreign Exchange Matching System (EFEMS) via the Bloomberg BMatch System....
Editor | Dec 03, 2024
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