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Business · BusinessDay ·Dangote Refinery IPO to test depth of Africa’s $560bn capital markets
The upcoming initial public offering of the Dangote Refinery is expected to assess the liquidity and capacity of Africa’s capital markets, valued at approximately $560 billion. This significant listing will evaluate the ability of regional investors and financial institutions to absorb one of the largest industrial equity offerings on the continent.
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Business · The Punch ·Ebonyi farmers lament rising cost of farm inputs, labour
Farmers in Ebonyi State are expressing concern over the increasing prices of agricultural supplies and the rising cost of manual labor. These financial challenges are impacting food production efforts within the region as cultivators struggle to maintain their operations amidst the current economic pressures affecting the local farming community.
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Business · Channels TV ·Pot Of Jollof Rice Hit ₦30,435 In March — Report
The average cost of preparing a pot of jollof rice in Nigeria rose to ₦30,435 in March, according to a recent report. This increase reflects the significant impact of food inflation on Nigerian households as the prices of essential ingredients continue to climb in markets across the country.
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Business · Nairametrics ·
My loyalty, his resignation, and workplace culture
Workplace dynamics regarding employee loyalty and leadership resignations influence organizational culture across various Nigerian corporate environments. Professional transitions often require staff to adapt to shifting management styles while maintaining productivity and addressing the implications of executive departures on long-term career development and institutional stability.
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Business · BusinessDay ·Heirs Insurance Brokers earns NDPC audit compliance certification
Heirs Insurance Brokers has received an audit compliance certification from the Nigeria Data Protection Commission. This certification verifies that the firm meets the regulatory standards for data protection and management, demonstrating its commitment to securing client information in accordance with national data privacy laws.
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Business · Vanguard ·Betting tips for simple digital finance
Guidance on integrating digital finance strategies with betting activities highlights methods for efficient money management. The report offers practical tips for users navigating digital platforms to ensure simplified financial transactions and responsible participation in the online betting sector.
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Business · Nairametrics ·
Cadbury Nigeria pre-tax profit declines 39.2% to N5.2 billion in Q1 2026
Cadbury Nigeria reported a 39.2% decrease in its pre-tax profit for the first quarter of 2026. The company’s earnings before tax fell to N5.2 billion during this period, according to its latest financial results. This performance indicates a significant decline from the figures recorded in the previous corresponding quarter.
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Business · Daily Post ·Senate confirms Yugudu as CBN deputy governor.
The Nigerian Senate has confirmed the appointment of Yugudu as a deputy governor of the Central Bank of Nigeria. This legislative approval allows the nominee to assume duties within the leadership of the country's apex bank, following a successful screening process conducted by the lawmakers in the upper chamber.
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Business · Daily Post ·Keyamo makes Africa’s top aviators list as Nigeria’s aviation rating hits 91%
Nigerian Aviation Minister Festus Keyamo has been included in the list of Africa's top aviators as the nation's aviation rating reached 91 percent. This recognition follows recent developments and performance improvements within the country's aviation sector, reflecting a significant rise in international compliance and operational standards.
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Business · The Punch ·
Ibukun Awosika resigns as Cadbury Nigeria director
Ibukun Awosika has officially stepped down from her role as a director at Cadbury Nigeria PLC. The resignation of the renowned entrepreneur and business executive marks the end of her service on the company's board. This development follows her long-standing involvement in the corporate governance and strategic oversight of the multinational firm.
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Business · BusinessDay ·Brent Oil hits one-month high to over $117 on concerns over prolonged Hormuz disruption
Brent crude oil prices have surged to a one-month high of over $117 per barrel amid growing concerns regarding potential long-term disruptions in the Strait of Hormuz. This price increase reflects market anxieties over the stability of global energy supply routes and the impact on international oil availability.
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Business · Channels TV ·
MTN Nigeria To Sell YDF, 60% Of MoMo PSB To MTN Group
MTN Nigeria has announced plans to sell its stake in Yello Digital Financial Services and a 60% interest in MoMo Payment Service Bank to the MTN Group. This strategic move involves transferring ownership of these financial services subsidiaries to the parent company as part of a broader internal reorganization within the telecommunications firm.
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Business · Nairametrics ·
PMI falls below 50 as Nigeria records first contraction in 16 months – Report
Nigeria's Purchasing Managers' Index dropped below the 50-point threshold, indicating the first private sector contraction in sixteen months. This decline suggests a slowdown in business activities following a period of sustained growth, reflecting broader economic challenges within the country according to the latest report from the sector.
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Business · Premium Times ·GTCO grows interest income to N458bn amid mounting costs
Guaranty Trust Holding Company reported an interest income of N458 billion, marking significant growth for the financial institution. While the company achieved this revenue milestone, it also recorded a rise in operational costs. The results highlight the group’s financial performance and its capacity to navigate economic pressures while maintaining profitability from its core lending operations.
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Business · Nairametrics ·
Ibukun Awosika resigns from Cadbury Nigeria’s Board after 16 years
Ibukun Awosika has resigned from the board of directors of Cadbury Nigeria Plc after sixteen years of service. Her departure concludes a long-standing tenure with the consumer goods company. The resignation marks the end of her significant contributions to the firm’s corporate leadership and strategic governance since joining the board.
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Business · BusinessDay ·Mutual Benefits pays out N13.6bn claims Q1 2026
Mutual Benefits disbursed 13.6 billion naira in insurance claims during the first quarter of 2026. This payout reflects the company's operational commitment to its policyholders and underscores its financial activities within the Nigerian insurance sector for the period, as indicated in the latest reports on its performance.
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Business · ThisDay ·
Dash MFB Lowers Transaction Fees to N5 to Support Customers
Dash Microfinance Bank has announced a reduction in transaction fees to five naira to provide financial relief and support for its customer base. This move aims to enhance affordability for users conducting digital transfers and other banking operations through the institution's financial platform.
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Business · ThisDay ·
UN ARFSD-12 to Host WiM-Africa Dialogue on Responsible Minerals, Gender Index
The twelfth Africa Regional Forum on Sustainable Development will host the Women in Mining Africa dialogue. This session aims to address responsible mineral sourcing and the introduction of a gender index to measure progress in the extractive industry across the continent, focusing on sustainable and inclusive growth.
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Business · Daily Post ·Champion Breweries Plc reports Q1 2026 results, announces transition to group reporting structure
Champion Breweries Plc has released its financial results for the first quarter of 2026. Alongside the performance update, the company announced a shift in its organizational framework to a group reporting structure. This strategic transition aims to streamline the firm's financial documentation and operational management processes following the latest reporting period.
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Business · ThisDay ·
Akume to NUPRC Board: Uphold Highest Standard of Corporate Governance, Ensure Accountability
George Akume has urged the Board of the Nigerian Upstream Petroleum Regulatory Commission to prioritize high standards of corporate governance and accountability. The directive aims to strengthen the regulatory body's operations and ensure transparency in its management of the country's upstream oil and gas resources.
Nigerian News
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