Newspaper
The Business NG
Apapa Customs Seizes N9.2bn Worth of Illegal Goods, Boosts Revenue to N1.37tn
The Apapa Command of the Nigeria Customs Service (NCS) has announced the seizure of nine containers filled with unregistered pharmaceuticals, used clothing, expired margarine, and illegal wildlife products, including animal skins—valued at over 9.2 billion in duty-paid terms.
1 min |
The BusinessNG
The Business NG
Goodbye Buhari: Tinubu Sends Shettima to Escort Late President's Body
President Bola Tinubu has dispatched Vice President Kashim Shettima to the United Kingdom to accompany the body of former President Muhammadu Buhari back to Nigeria following his death in London on Sunday.
1 min |
The BusinessNG
The Business NG
Multichoice vs FCCPC: Who Controls the Price of TV?
MultiChoice Nigeria and the Federal Competition and Consumer Protection Commission (FCCPC) are locked in a legal showdown over DStv and GOtv price hikes, with both sides appealing a recent court ruling. In this report, Segun Awoniyi examines how the outcome could redefine consumer protection and corporate regulation in Nigeria.
7 min |
The BusinessNG
The Business NG
Omatek, Mutual Benefits Set for Key Meetings
Two listed companies on the Nigerian Exchange (NGX), Omatek Ventures Plc and Mutual Benefits Assurance Plc, have issued official notifications for upcoming corporate meetings, signaling key governance activities in July 2025.
1 min |
The BusinessNG
The Business NG
Insurance Boom: Profits Soar, Risks Linger
Nigeria's top listed insurance firms are experiencing their most profitable run in over a decade, driven by rising interest rates, stricter regulation, and better investment strategies.
1 min |
The BusinessNG
The Business NG
Rinsola Babajide Eyes Strong Start at AS Roma After Free Transfer
Super Falcons forward Rinsola Babajide has expressed excitement and determination following her move to AS Roma Femminile, as she begins a new chapter in her professional career with the Italian Serie A women's side.
1 min |
The BusinessNG
The Business NG
Nigeria, China Target Youth with Digital Skills
In commemoration of World Youth Skills Day (WYSD) 2025, the Nigeria-China Strategic Partnership (NCSP) is intensifying efforts to empower Nigerian youth through artificial intelligence (AI) and digital skills development. The initiative underscores the growing strength of Nigeria-China relations while addressing the pressing need to equip the country's youth for the digital future.
1 min |
The BusinessNG
The Business NG
Smart Strategies Shine in Unpredictable H1 2025 Market
The first half of 2025 presented a mixed bag for investors navigating Nigeria's capital market.
1 min |
The BusinessNG
The Business NG
Liquidity Crunch Deepens as Banks Settle AMCON Levies
Interbank lending rates climbed sharply on Monday as liquidity in the financial system tightened following the settlement of levies by deposit money banks to the Asset Management Corporation of Nigeria (AMCON).
1 min |
The BusinessNG
The Business NG
Soybeans, Cocoa Gain on AFEX as Maize, Rice Dip
At the close of trading on Friday at the AFEX Commodity Exchange, soybeans and cocoa posted modest gains, rising by 2.05% and 0.27% to settle at 932.25 and 11,115.80 per contract, respectively.
1 min |
The BusinessNG
The Business NG
Investors Gain N1.08trn as Banking, FMCG Stocks Power Bullish Week on NGX
The Nigerian stock market extended its bullish momentum throughout the trading week, closing strong on Friday with a massive gain of 1.08 trillion in market capitalisation.
1 min |
The BusinessNG
The Business NG
Banks Rush to Recapitalise as CBN Tightens Rules
Nigeria's leading banks have intensified efforts to meet the Central Bank of Nigeria's (CBN) recapitalisation deadline, launching aggressive fundraising campaigns and cleaning up legacy regulatory breaches ahead of the June 2026 target.
1 min |
The BusinessNG
The Business NG
Fuel Prices to Drop Nationwide Today as Dangote Slashes Ex-Depot Rate
Other stations such as Ranoil, Empire Energy, and Total Emadeb sold fuel between 920 and 945 per litre in the Federal Capital
1 min |
The BusinessNG
The Business NG
NDIC Deepens Anti-Fraud Drive with Law Enforcement Training
The Nigeria Deposit Insurance Corporation (NDIC) has taken a significant step toward strengthening the fight against financial malpractices in the banking sector through its 2025 Capacity Building Workshop for Law Enforcement Agencies held in Lekki, Lagos State.
1 min |
The BusinessNG
The Business NG
UniJos ASUU Declares Indefinite Strike Over Unpaid Salary
The University of Jos chapter of the Academic Staff Union of Universities (ASUU) has declared an indefinite strike over the nonpayment of salaries for June 2025.
1 min |
The BusinessNG
The Business NG
Cash Hoarding Persists Despite Reforms, N4.63tn Held Outside Banks - CBN
The Central Bank of Nigeria (CBN) has revealed that as of May 2025, a staggering 4.63 trillion-representing 92.4% of all currency in circulation-was held outside the banking system.
1 min |
The BusinessNG
The Business NG
Sanwo-Olu Hails APC's Landslide LG Poll Win, Urges Inclusive Governance
Governor Babajide Sanwo-Olu has congratulated the All Progressives Congress (APC) and its supporters across Lagos State following the party's sweeping victory in the just-concluded local government elections held on Saturday, July 12, 2025.
1 min |
The BusinessNG
The Business NG
Eto'o Snubbed as Yamal Names Best Barça XI
Barcelona's teenage sensation Lamine Yamal has stirred debate among fans after unveiling his all-time Barcelona best XI, surprisingly leaving out legendary striker Samuel Eto'o from the lineup.
1 min |
The BusinessNG
The Business NG
Heirs Insurance Group Achieves 70% Revenue Spike in FY2024
Heirs Insurance Group, Nigeria’s fastest-growing insurance group, has announced its audited financial results for the year ended December 31, 2024, showing strong year-on-year growth across all business lines and metrics.
2 min |
The BusinessNG
The Business NG
Customs Debunks Payment Rumours over Form M Migration to B’Odogwu
The Nigeria Customs Service (NCS) has categorically dismissed claims suggesting that importers or their agents are required to pay fees for migrating Form M documents from the NICIS II platform to the newly deployed B‘Odogwu Trade Management System.
1 min |
The BusinessNG
The Business NG
LASU Dismisses Two Lecturers Over Harassment, Fraud
The Lagos State University (LASU) has dismissed two senior academic staff members over allegations of sexual harassment, financial misconduct, and gross professional misconduct.
1 min |
The BusinessNG
The Business NG
Ex-Senator Returns to Lead NHIA Board
In a moment he describes as “coming full circle” former Senator has been officially inaugurated as the Chairman of the Governing Council of the National Health Insurance Authority (NHIA), marking a return to a cause he once championed from the legislative chamber.
1 min |
The BusinessNG
The Business NG
PenCom Approves 9 PSSPs to Ease Pension Remittances
In a major push to streamline pension contributions and reduce administrative errors, the National Pension Commission (PenCom) has approved nine Pension Service Solution Providers (PSSPs) to help employers remit pension contributions with greater speed, accuracy, and transparency.
1 min |
The BusinessNG
The Business NG
Air Peace Incident Sparks Fresh Aviation Safety Concerns
An Air Peace aircraft operating Flight P47190 from Lagos to Port Harcourt experienced a runway excursion after landing at the Port Harcourt International Airport on Sunday, July 13, 2025. Though no injuries were recorded and all passengers disembarked safely, the incident has reignited concerns over operational safety standards within Nigeria's domestic aviation sector.
1 min |
The BusinessNG
The Business NG
NDLEA Busts Kingpin, Seizes Over 700,000 Opioid Pills and Cocaine in Nationwide Crackdown
In one of the agency's most significant nationwide operations this year, the National Drug Law Enforcement Agency (NDLEA) has arrested a notorious Lagos-based drug kingpin and intercepted over 722,000 opioid pills, cocaine, cannabis, and other hard substances across several states.
1 min |
The BusinessNG
The Business NG
Real Madrid Backs Alonso's Transfer Demands
Real Madrid have reportedly approved manager Xabi Alonso's request for more summer signings, signaling a more aggressive transfer approach following their recent disappointment at the 2025 FIFA Club World Cup.
1 min |
The BusinessNG
The Business NG
Smart Strategies Shine in Unpredictable H1 2025 Market
The first half of 2025 presented a mixed bag for investors navigating Nigeria's capital market.
1 min |
The BusinessNG
The Business NG
Diphtheria Scare in Zaria: Three Children Dead, Six Infected
A suspected outbreak of diphtheria has claimed the lives of three children and left six others infected in Zaria, Kaduna State, sparking renewed fears of a wider public health emergency.
1 min |
The BusinessNG
The Business NG
When Analyst Picks Fail the Market Test: Lessons from H1 2025
In the first half of 2025, Nigeria's equities market defied expectations, as several stocks delivered stellar performances despite conservative or negative ratings from Capital Market Operators (CMOs).
6 min |
The BusinessNG
The Business NG
Senate Insists on Due Process Before Natasha's Recall
The Nigerian Senate has explained why it is yet to reinstate the suspended Senator representing Kogi Central, Natasha Akpoti-Uduaghan, despite a court ruling ordering her recall. According to the red chamber, it will not act until it receives and reviews the Certified True Copy (CTC) of the Federal High Court judgment which ordered her reinstatement.
2 min |