Finance minister counters critics, details subsidy savings deployment
Finance Minister Taiwo Oyedele has explained that petrol subsidy savings are being channeled into debt servicing, the new minimum wage, […]
Business and Economy
NNPC declares N535bn profit after tax for June 2026
NNPC Limited posted a N535 billion profit after tax in June 2026, a 15.8% increase from May, with total revenue
Otedola boosts First HoldCo stake to 25.87% with fresh N222.2bn purchase
Femi Otedola has spent roughly N222.2 billion to buy 1.78 billion more First HoldCo shares, pushing his total stake to
Nigeria emerges fourth among African countries with the highest number of dollar millionaires
Nigeria remains Africa’s fourth-wealthiest country by number of dollar millionaires with an estimated 7,200, despite a 47 percent decline in
Oil prices slip to $90 as US-Iran tensions cool
Oil prices tumbled on Monday after the US and Iran reportedly agreed to pause attacks on each other, easing two
Dangote’s daughter on what refinery IPO symbolises for Africa
VIA BLOOMBERG ON X: "We're selling a story." Fatima Dangote, daughter of Africa's richest man and Dangote Group's executive director
Crude oil price surges towards $100 as Middle East tensions escalate
Global oil prices climbed toward $100 per barrel as renewed US-Iran hostilities and Houthi attacks on Saudi tankers stoked fears
Otedola’s First HoldCo shareholding climbs to 21.95% after ₦77.6bn purchase
Femi Otedola has increased his stake in First HoldCo Plc to 21.95% after a related company acquired ₦77.6 billion worth
Nigeria’s top 1% control 44% of national wealth, Doyin Salami says
Economist Doyin Salami says Nigeria’s richest 1% now control 44% of the nation’s wealth, warning that inclusive growth, private investment
CBN keeps interest rate unchanged at 26.5%
The Central Bank of Nigeria has kept its benchmark interest rate unchanged at 26.5 percent following its latest Monetary Policy