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The Business NG
Naira Falls to N1,531/$ at Official Market as Depreciation Deepens
The naira continued its downward slide on Wednesday, July 10, 2025, depreciating to 1,531 per dollar at the official foreign exchange market, according to data released by the Central Bank of Nigeria (CBN).
1 min |
The BusinessNG
The Business NG
209 Students Earn First Class at Dutse Varsity
A total of 209 students will graduate with First Class degrees from the Federal University Dutse (FUD) during its combined 8th and 9th convocation ceremony for the 2022/2023 and 2023/2024 academic sessions.
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The BusinessNG
The Business NG
NECA Summit Urges Overhaul of Regulation to Boost Business Growth
Stakeholders from across Nigeria's economic landscape converged in Abuja for the 4th Annual Nigeria Employers' Summit hosted by the Nigeria Employers' Consultative Association (NECA), with a resounding call for regulatory and fiscal reforms to drive sustainable enterprise and inclusive growth.
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The BusinessNG
The Business NG
GTCO Sets 15% Dividend, 25% ROE Target After Landmark London Listing
Guaranty Trust Holding Company (GTCO) has announced ambitious financial targets following its landmark listing on the London Stock Exchange (LSE).
1 min |
The BusinessNG
The Business NG
UBA Charts Bold Expansion Across Africa, Deepens Global Presence
United Bank for Africa (UBA) Group has reaffirmed its commitment to becoming Africa's leading global bank with a renewed strategy to expand into high-potential markets across the continent and strengthen its presence in existing ones.
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The BusinessNG
The Business NG
Diarrhoea Outbreak Hits Kaduna School, 81 Students Affected
An outbreak of diarrhoea has affected 81 students at the Government Girls Senior and Junior Secondary School in Kawo, Kaduna State, prompting swift medical and public health responses from state authorities.
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The BusinessNG
The Business NG
Nigeria's New Pension Remittance Regime Takes Off with Strong Early Performance
The recently launched pension remittance framework under the Contributory Pension Scheme (CPS) has recorded strong initial success, with increased compliance by employers and growing enthusiasm among workers across the public and private sectors.
1 min |
The BusinessNG
The Business NG
Digital Asset Fraud Eroding Market Confidence - SEC DG
The Director General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has raised serious concern over the rise of fraud in the digital asset space, warning that it poses a major threat to market integrity and investor confidence in Nigeria.
2 min |
The BusinessNG
The Business NG
FG Opens New Savings Bonds at Up to 16.76% Yield
The Debt Management Office (DMO) has announced the opening of two Federal Government of Nigeria (FGN) Savings Bonds for public subscription, offering attractive annual interest rates of 15.762% and 16.762% respectively.
1 min |
The BusinessNG
The Business NG
Supreme Court Upholds Okpebholo's Election as Edo Governor
The Supreme Court has affirmed Monday Okpebholo of the All Progressives Congress (APC) as the duly elected governor of Edo State, ending a protracted legal battle that followed the September 21, 2024 governorship election.
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The BusinessNG
The Business NG
AccessCorp Drives Trading as NGX All-Share Index Inches Up
The Nigerian stock market closed in positive territory on Wednesday, July 9, 2025, as the NGX All-Share Index gained 335.74 points to settle at 121,989.67. This represents a 0.28 percent increase from the previous day's close of 121,653.93, signaling continued investor optimism despite a noticeable dip in market activity.
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The BusinessNG
The Business NG
Insurance Assets Trail Banks by Over N37trn
Nigeria’s insurance industry continues to lag far behind the banking sector, with newly released figures revealing a glaring gap in asset size and market development.
1 min |
The BusinessNG
The Business NG
Enrique Backs Alonso After PSG Crushes Real Madrid 4-0
Paris Saint-Germain manager, Luis Enrique, has come to the defence of Real Madrid boss, Xabi Alonso, following PSG's emphatic 4-0 victory over the Spanish giants in the semifinal of the FIFA Club World Cup on Wednesday.
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The BusinessNG
The Business NG
US Oil Drilling Slows as Industry Sentiment Sours
Oil and gas drilling in the United States is losing steam amid growing market uncertainty, with business activity turning negative in Q2 2025, according to the latest Dallas Fed Energy Survey.
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The BusinessNG
The Business NG
NHIA Hits 20 Million Milestone in Health Cover
The National Health Insurance Authority (NHIA) has surpassed expectations by expanding health insurance coverage to over 20 million Nigerians, including vulnerable populations such as individuals living with HIV and tuberculosis.
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The BusinessNG
The Business NG
MTN Nigeria Surges to N8.18trn as Earnings Outlook Brightens
Telecoms giant MTN Nigeria Plc has seen its market valuation soar to 8.18 trillion, following renewed investor interest ahead of the company’s Q2 2025 earnings release.
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The BusinessNG
The Business NG
Lagos Launches 30-Year Growth Plan, Unveils $-Ready Investment Projects
The Lagos State Government has unveiled an ambitious 30-year economic development blueprint designed to position the state as Africa's most investor-friendly destination and a globally competitive 21st-century economy.
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The BusinessNG
The Business NG
Aiyenugba Hails Kwara United's Historic Federation Cup win
Kwara United legend and goalkeeper coach, Dele Aiyenugba, has expressed immense joy following the club's triumph in the 2025 President Federation Cup.
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The BusinessNG
The Business NG
Huijsen Out of PSG Clash After Red Card
Real Madrid defender Dean Huijsen will miss Wednesday's Club World Cup semifinal clash against Paris Saint-Germain after receiving a red card in their quarterfinal win over Borussia Dortmund.
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The BusinessNG
The Business NG
RSA Transfers Surge as Contributors Demand Better Service
Growing awareness and confidence in Nigeria's pension system are driving a steady rise in Retirement Savings Account (RSA) transfers, signaling a shift in contributor behavior and expectations.
1 min |
The BusinessNG
The Business NG
NCC Slams N10m Licence Fee on Bulk Messaging
The Nigerian Communications Commission (NCC) has unveiled a new regulatory framework that mandates a N10 million licensing fee for all operators offering Application-to-Person (A2P) messaging services in the country.
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The BusinessNG
The Business NG
Supercomputer Tips PSG for Club World Cup Glory
As the 2025 FIFA Club World Cup enters the semifinal stage in the United States, the Opta SuperComputer has released its predictions on who is most likely to lift the trophy.
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The BusinessNG
The Business NG
JAPAULGOLD, GTCO Lead Market in Volume and Value Trades
Trading activity on the Nigerian Exchange saw JAPAULGOLD emerge as the most active equity by volume, contributing 15.92% of the total shares traded.
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The BusinessNG
The Business NG
Ferdinand: Osimhen Belongs at Man United, Not Galatasaray
Former Manchester United defender Rio Ferdinand has expressed disappointment over reports linking Napoli striker Victor Osimhen with a potential move to Turkish side Galatasaray.
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The BusinessNG
The Business NG
Tola Adeniyi: A life of words and wisdom
As we reflect on the life and legacy of Tola Adeniyi, a man whose words have inspired and challenged generations, we are reminded of the power of journalism and literature to shape our understanding of the world and our place within it. On the occasion of his 80th birthday, we hon-our not only his remarkable life but also the enduring impact of his work on our collective consciousness.
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The BusinessNG
The Business NG
Nigeria Spends Big Abroad, Services Deficit Hits $3.7bn
Nigeria recorded a deeper deficit in its balance of payments (BoP) services account in the first quarter of 2025, as rising foreign travel costs and weaker service exports widened the gap to $3.7 billion-equivalent to 8.3% of the country's Gross Domestic Product (GDP).
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The BusinessNG
The Business NG
Customs Tightens Currency Controls, Engages Foreign Airlines
In a move to strengthen enforcement of Nigeria's financial regulations and curb illicit financial flows, the Nigeria Customs Service (NCS) has embarked on a sensitisation campaign targeting international airline operators.
2 min |
The BusinessNG
The Business NG
PDP Crisis Deepens as ADC Rises
The Peoples Democratic Party (PDP) is once again battling internal upheaval after its National Executive Committee (NEC) reaffirmed Senator Samuel Anyanwu as acting National Secretary-a decision that has drawn sharp rebuke from former Vice President Atiku Abubakar's camp. Accusing the ruling APC of engineering the move to destabilize the opposition, Atiku's allies warn that the PDP may be walking into a political trap. As Nigeria's 2027 election looms and a new ADC-led coalition emerges, the party faces what could be its most defining moment yet. This report is by Segun Awoniyi, political analyst and columnist.
6 min |
The BusinessNG
The Business NG
Dangote Refinery to Process 100% Nigerian Crude by Year-End
Dangote Industries has announced plans to source all of its crude oil locally by the end of 2025, a significant milestone that could reshape Nigeria's oil and refining landscape.
1 min |
The BusinessNG
The Business NG
Venezuela Leans Heavily on China as Sanctions Bite
Sanctions-hit Venezuela is increasingly turning to China to sustain its oil lifeline, as U.S. pressure mounts under the Trump administration's snapback sanctions.
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