Newspaper
The Business NG
1,000% Rally: Experts Warn Wema Bank May Be Overvalued After Market Boom
Financial experts have raised concerns that the rapid market surge of Wema Bank may have pushed its valuation beyond fundamental levels, following a dramatic stock rally of over 1,000% in recent years.
1 min |
BusinessNg
The Business NG
Kano APC Stakeholders Back Murtala Sule Garo for Deputy Governor Role
Stakeholders of the All Progressives Congress (APC) Legacy Group in Kano have nominated Murtala Sule Garo as the preferred candidate for the state's deputy governor position following hours of deliberation that stretched into early Sunday morning.
1 min |
BusinessNg
The Business NG
Hamzat, Ambode, Jandor Step Up Mobilisation as Lagos 2027 Governorship Race Intensifies
Political activities ahead of the 2027 governorship election in Lagos are gaining momentum, as loyalists of key aspirants within the All Progressives Congress (APC) intensify grassroots mobilisation and strategic alignments.
1 min |
BusinessNg
The Business NG
NGX Soars 29% in Q1 2026 as Nigeria's Capital Market Enters a New Era of Discipline
Nigeria's capital market delivered a strong performance in the first quarter of 2026, but beneath the impressive growth lies a deeper story of structural reforms, investor discipline, and strategic repositioning.
1 min |
BusinessNg
The Business NG
World Bank Warns Nigeria Against Subsidy Spending as Oil Revenue Windfall Grows
The World Bank Group says Nigeria's recent economic reforms are beginning to deliver results, with improved growth, easing inflation, and stronger external balances.
1 min |
BusinessNg
The Business NG
May 1st Deadline: Concerns Mount Among Bank Customers Over New CBN BVN Rule
The Central Bank of Nigeria has introduced stricter Bank Verification Number (BVN) regulations that will take effect from May 1, 2026, prompting concerns among bank customers about potential account restrictions.
1 min |
BusinessNg
The Business NG
ADC Crisis Deepens as INEC Withdraws Recognition Amid Leadership Battle
A deepening leadership crisis within Nigeria's African Democratic Congress (ADC) has taken a dramatic turn, as the Independent National Electoral Commission (INEC) formally stepped back from recognising any faction of the party, following a crucial appellate court ruling.
1 min |
BusinessNg
The Business NG
Election-Year Speculation Fuels FX Surge, Raises Concerns
Nigeria is witnessing a sharp rise in foreign exchange (FX) inflows, but economic experts say much of the surge is being driven by election-related speculation—raising concerns about how long the trend can last.
1 min |
BusinessNg
The Business NG
More Than 50% of Population in Kebbi, Jigawa, Sokoto Faces Severe Poverty -Report
Northern Nigeria continues to bear the brunt of extreme poverty, with Kebbi (52.7%), Jigawa (52.0%), and Sokoto (51.4%) leading the coun-
1 min |
BusinessNg
The Business NG
2026 Budget Expanded to N68.3 Trillion as Oil Prices Surge to $115
Nigeria's 2026 budget has been expanded by N10.14 trillion to N68.323 trillion, driven in large part by a windfall from Brent crude averaging $115 per barrel—nearly double the original budget benchmark of $64.85.
1 min |
BusinessNg
The Business NG
Three Ministers, One Presidential Aide Resign from Tinubu Cabinet Ahead of 2027 Elections
A fresh round of political movements has reshaped President Bola Tinubu's cabinet as three ministers and a se-
1 min |
BusinessNg
The Business NG
NGX Fines Five Brokerage Firms N291m for Market Manipulation, Orders Compliance Training
The Nigerian Exchange Limited (NGX) has sanctioned five brokerage firms for market manipulation
1 min |
BusinessNg
The Business NG
Senate Approves President Tinubu's $6 Billion External Loan Request
It's Dangerous- Atiku Criticizes Tinubu, Senate Over Swift Loan
1 min |
BusinessNg
The Business NG
Tax Filing Deadline Remains March 30, Penalties Clarified
•N70K Earners Hit with N100K Tax Penalty
1 min |
BusinessNg
The Business NG
Nigeria's Highest-Paid CEOs: MTN N3.14B, GTBank N471M
The pay of top executives in Nigeria continues to highlight the stark con-
1 min |
BusinessNg
The Business NG
Nigeria Bleeds $29B Annually from Power Failures - World Bank
The World Bank has estimated that unreliable electricity supply costs Nigeria a staggering $29 billion every year, representing roughly 2% of the nation's GDP.
1 min |
BusinessNg
The Business NG
17 Governors Eye Second Term as 13 Approach Final Tenure Before 2027
As Nigeria gears up for the 2027 general elections, the spotlight is on the nation's 36 governors, whose political futures will significantly shape the next electoral cycle.
1 min |
BusinessNg
The Business NG
Dangote Refinery Lowers Petrol Price to N1,200 per Litre Amid Global Oil Tensions
The Dangote Refinery has announced a reduction in its petrol gantry price by ₦175, bringing the cost down to ₦1,200 per litre, while the coastal price has been adjusted to
1 min |
BusinessNg
The Business NG
Capital Uncertainty and Merger Talks Put Polaris, Unity Banks in Spotlight
Polaris Bank Limited is still under capital review, with its recapitalisation plans yet to be finalised due to an outstanding AMCON obligation and unresolved capital status.
1 min |
BusinessNg
The Business NG
Stricter Primaries, Spending Limits: INEC Unveils Tougher Rules Ahead of 2027
The Independent National Electoral Commission (INEC) has unveiled a draft of revised regulations targeting opaque party primaries and unchecked campaign spending as Nigeria prepares for the 2027 general elections.
1 min |
BusinessNg
The Business NG
Dangote's Refinery Flooded with Orders as Fuel Crisis Looms
South Africa Negotiates 12-Month Fuel Deal with Dangote Refinery
1 min |
BusinessNg
The Business NG
Nigeria's FX Market Sees 45% Surge in February Amid Strong Offshore Inflows
Nigeria's foreign exchange (FX) market recorded a significant boost in February 2026, with total inflows rising 45% month-on-month (MoM) to US$4.4 billion, marking the third consecutive month of improved market liquidity.
1 min |
BusinessNg
The Business NG
Airtel Africa Propels NGX Rebound as Investors Gain N1.09 Trillion
Nigerian equities bounced back sharply on Tuesday, with Airtel Africa leading the charge with a 10% gain, driving a broad market recovery on the Nigerian Exchange (NGX).
1 min |
BusinessNg
The Business NG
Nigeria Rises to Fourth on Global Terrorism Index as Attacks Surge 43% in 2025
Nigeria's ranking on the Global Terrorism Index (GTI) worsened in 2025, moving up two places from sixth in 2024 to fourth, following a sharp increase in terrorist activity across the country.
1 min |
BusinessNg
The Business NG
Eid-el-Fitr: FG to Tackle Gas Shortage as Nigerians Express Frustration
As Nigerians prepare to celebrate Eid-el-Fitr, the Federal Government (FG) has stepped in to address the growing shortage of cooking gas across the country, a situation that has sparked frustration among households.
1 min |
BusinessNg
The Business NG
FG Shuts Three Ogun Factories Over Safety Breaches, Rising Deaths"
The Federal Government of Nigeria has ordered the closure of three factories in Ogun State following reports of unsafe working conditions and a rising number of deaths among workers.
1 min |
BusinessNg
The Business NG
Nigeria's Old Financial System Is 'Dead and Buried,' Cardoso Tells Investors
Nigeria's former financial system is \"dead and buried,\" according to Olayemi Cardoso, who told global investors in London that the country has entered a new phase of transparency and liquidity.
1 min |
BusinessNg
The Business NG
Equity Investors Lose N900bn as NGX Index Slips Amid Pre-Sallah Selloffs
Nigerian equities suffered a sharp pullback this week, with investors losing over 900 billion in combined portfolio value as selloffs hit mediumand large-cap stocks ahead of the Islamic holiday.
1 min |
BusinessNg
The Business NG
Bauchi Governor in Defection Talks as APC Woos PDP Governors' Forum Chair
Governor of Bauchi State, Bala Mohammed, is reportedly in discussions to defect from the opposition Peoples Democratic Party (PDP) to the ruling All Progressives Congress (APC), according to sources close to the matter.
1 min |
BusinessNg
The Business NG
Probe N5.9bn Spent on NNPC Rebranding, SERAP Petitions Tinubu
The Socio-Economic Rights and Accountability Project (SERAP) has called on President Bola Ahmed Tinubu to direct an investigation into the alleged 5.9 billion spent on the rebranding of the Nigerian National Petroleum Corporation (NNPC) to the Nigerian National Petroleum Company Limited (NNPCL).
1 min |