Category: Business News

Lagos, Nigeria - February 19, 2025 - The Nigerian Postal Service (NIPOST) and Glovo, a leading on-demand delivery platform, have joined forces to tackle the logistical challenges hindering e-commerce growth...

Lagos, Nigeria - February 19, 2025 - Business confidence in the Nigerian economy is showing positive signs, fueled by ongoing federal government reforms. A recent Stanbic IBTC Purchasing Manager’s Index...

Nigerian Firms Face N8.67 Trillion Debt Crisis Eight listed Nigerian companies are burdened by a combined N8.67 trillion in debt, raising concerns about financial stability. Oando Plc leads in liabilities,...

Ecobank Nigeria has awarded over 500 customers a total of N42 million in its "Super Reward ‘Millionaire Geng Promo,'" designed to encourage a savings culture. The grand finale of the...

The Nigerian naira experienced a significant appreciation in January 2025, gaining N63.72 against the US dollar to close at N1,474.78/$ on January 31st at the official Nigerian Foreign Exchange Market...

The Association of Bureaux De Change Operators of Nigeria (ABCON) has called on the Central Bank of Nigeria (CBN) to review the current capital requirements for Bureau De Change (BDC)...

The Central Bank of Nigeria's (CBN) cashless policy, coupled with poor customer service from banks, is driving the exploitation of Nigerians by Point-of-Sale (POS) agents, according to Tope Dare, Executive...

Eight publicly traded Nigerian companies are facing a mounting debt crisis, with their combined liabilities reaching a staggering N8.67 trillion, according to recent financial reports. This surge in borrowing, fueled...

Eight publicly traded Nigerian companies have seen their combined liabilities swell to a staggering N8.67 trillion as of December 2024, according to financial statements filed with the Nigerian Exchange and...