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Top Stories

Business News
EFCC busts Chinese-operated illegal refinery in Ogun, traces sludge oil to Delta, Rivers
Company Results
PAU’s Pearl Hostel records 28.36% yield, highest among UPDC REIT’s five properties
Op-Eds
N500 to the dollar: aspiration, arithmetic and economic reality
Currencies
NFEM turnover falls below $300 million for first time since September 28
Op-Eds
Failed power promise: Why Nigeria still runs on generators
All Stories
4 hours ago

FMDA projects N13.79 trillion inflows in November as CBN eases OMO mop-up

Nigeria’s foreign reserves add $295 million in October, slowest monthly increase in 2026

Nigeria’s foreign reserves add $295 million in October, slowest monthly increase in 2026

November 03, 2026

Petrol could hit N1,411/Litre in November as freight, insurance premiums bite – Analyst

Petrol could hit N1,411/Litre in November as freight, insurance premiums bite – Analyst

November 03, 2026

Insights

PAU’s Pearl Hostel records 28.36% yield, highest among UPDC REIT’s five properties

PAU’s Pearl Hostel records 28.36% yield, highest among UPDC REIT’s five properties

Caleb Obiowo

N500 to the dollar: aspiration, arithmetic and economic reality

Akinola Ezekiel Morakinyo

Failed power promise: Why Nigeria still runs on generators

Kalu Aja

Conoil’s pre-tax profit rises 218.9% to N5.98 billion in nine months of 2026

Idika Aja

Why Nigeria’s rising reserves matter and where Mustapha Chike-Obi’s argument falls short

Op-Ed Contributor

Myrtle Banner
Wema Bank Banner
Wema Bank
Equities ›
PAU’s Pearl Hostel records 28.36% yield, highest among UPDC REIT’s five properties
PAU’s Pearl Hostel records 28.36% yield, highest among UPDC REIT’s five properties
Conoil’s pre-tax profit rises 218.9% to N5.98 billion in nine months of 2026
IPO postponement will not affect business operations — OPay
Energy ›
Top 10 African countries with the lowest petrol prices in October
Top 10 African countries with the lowest petrol prices in October
Petrol could hit N1,411/Litre in November as freight, insurance premiums bite – Analyst
NUPRC sets November 20 for opening of 2026 oil, gas licensing round portal
Financial Services ›
IPO postponement will not affect business operations — OPay
IPO postponement will not affect business operations — OPay
Afreximbank provides $81.9 million loan to Veenocks for Ogun tile factory expansion
Sanwo-Olu challenges Nigerian banks to turn N4.65 trillion recapitalisation into jobs
Economy ›
AfCRA targets March debut for first African sovereign credit ratings
AfCRA targets March debut for first African sovereign credit ratings
Nigeria’s foreign reserves add $295 million in October, slowest monthly increase in 2026
Tinubu’s economic reforms have favoured the rich, worsened poverty – Atedo Peterside
FCMB Banner

Corporate Updates

With Careers Lasting At Least Decade Each, Jeroid and Olamide Join Forces to Push for Wider Crypto Adoption
  • COMPANIES

With Careers Lasting At Least Decade Each, Jeroid and Olamide Join Forces to Push for Wider Crypto Adoption

November 03, 2026

Jumia Black Friday Is Here: ‘No Manage Am’ Is the Call to Upgrade
  • COMPANIES

Jumia Black Friday Is Here: ‘No Manage Am’ Is the Call to Upgrade

November 03, 2026

Zenith Bank reinforces commitment to Africa’s creative economy through continued sponsorship of art X Lagos 2026
  • COMPANIES

Zenith Bank reinforces commitment to Africa’s creative economy through continued sponsorship of art X Lagos 2026

November 03, 2026

Johnvents Industries’ ₦80 Billion Series 1 Issuance Commercial Paper Closes Oversubscribed
  • COMPANIES

Johnvents Industries’ ₦80 Billion Series 1 Issuance Commercial Paper Closes Oversubscribed

November 03, 2026

Fixed Income ›
FMDA projects N13.79 trillion inflows in November as CBN eases OMO mop-up
FMDA projects N13.79 trillion inflows in November as CBN eases OMO mop-up
CBN pumps N3.20 trillion into banking system as debt repayments outpace auctions
United Nigeria Airlines raises N22 billion in debut CP issuance, exceeds target
DMO raises FGN Savings Bond rates to 13.25%, 14.25% for November
Fidelity Bank Plc redeems US$400 million Eurobond at maturity
Profiles ›
Top 10 CEOs managing the world’s largest sovereign wealth funds
Top 10 CEOs managing the world’s largest sovereign wealth funds
Meet the CEOs leading Nigeria’s seven listed oil and gas companies
Startup funding plunges 96.9% in September, these 9 CEOs still attracted $11.3 million
Meet Dapo Olagunju, the Oxford-trained banker appointed to lead JPMorgan Nigeria
Chude Jideonwo: The entrepreneur betting on Africa’s largest media conglomerate
Currencies ›
NFEM turnover falls below $300 million for first time since September 28
NFEM turnover falls below $300 million for first time since September 28
Best performing African currencies in October 2026
Naira Outlook Stable amid Bonny light at $115 a barrel & CBN’s $55 billion
Naira reverses 3-month gains, closes October at N1,346/$
Naira holds the N1350/$ baseline despite attractive US yields
Exclusives ›
Analysis: Zenith looks cheaper, GTCO looks safer
Analysis: Zenith looks cheaper, GTCO looks safer
Petrol could hit N1,411/Litre in November as freight, insurance premiums bite – Analyst
Foods power Unilever Nigeria’s profit growth as Personal Care sales slide
Aradel seeks earn-out review as N529.1 billion payout to SPDC weighs on profit
Lagos Real Estate: Goania Project MD reveals costs developers underestimate
Agriculture ›
Jigawa commits N4.5 billion to three cattle ranches to curb farmers-herders clashes
Jigawa commits N4.5 billion to three cattle ranches to curb farmers-herders clashes
Dangote hires Spanish engineering firm for $4 billion Ethiopia fertiliser plant
AfDB grants Ghana $18.8 million to boost rice production
Nigeria to adopt Ethiopia’s mechanised farming model to boost food security – Shettima
Ghana raises $288 million debt to finance cocoa purchases
Tech News ›
Google launches free offline AI and digital skills training platform for Nigerians
Google launches free offline AI and digital skills training platform for Nigerians
Nigerian startups seek better access to investors as funding reaches $635 million
NIMC arrests illegal NIN enrolment operators in Abuja, seizes equipment
MTN MoMo revenue jumps 102.2% as wallet balances hit N43.8 billion
Nigerian co-founded AI startup Minicor raises $3.8 million to bridge AI and legacy business software
Real Estate and Construction ›
PAU’s Pearl Hostel records 28.36% yield, highest among UPDC REIT’s five properties
PAU’s Pearl Hostel records 28.36% yield, highest among UPDC REIT’s five properties
Lagos Real Estate: Goania Project MD reveals costs developers underestimate
FG partners Harmony Gardens, Metroscape to build 2,000 homes in Ibeju-Lekki
FMBN launches non-interest lease-to-own housing scheme for NHF contributors
Why Lagos developers prefer selling homes despite strong rental demand
Aviation ›
United Nigeria Airlines raises N22 billion in debut CP issuance, exceeds target
United Nigeria Airlines raises N22 billion in debut CP issuance, exceeds target
African airlines record second-highest international passenger demand growth at 8% in September
IATA: Nearly half of air passengers use AI for travel planning
IATA: African airlines’ air cargo demand rises 4.7% as capacity falls
IATA: Payment costs swallow $24.5 billion from airlines, squeezing profits

Podcast

Nigeria must increase federal revenue share or transfer more responsibilities to states, says Zrosk CIO

Nigeria must increase federal revenue share or transfer more responsibilities to states, says Zrosk CIO

Nigeria must either increase the Federal Government's share of national revenue or transfer some of its responsibilities...

View Podcast
Young Nigerians question gains of Tinubu’s economic reforms

Young Nigerians question gains of Tinubu’s economic reforms

Young Nigerian finance and legal professionals have questioned whether the Bola Tinubu administration's economic reforms...

View Podcast
Nigerian banks should be compelled to lend to productive sectors – Expert

Nigerian banks should be compelled to lend to productive sectors – Expert

Nigerian banks should be required to direct more credit to productive sectors such as agriculture, manufacturing and con...

View Podcast
Health ›
Ebola death rate exceeds 50% in DR Congo as US tightens travel restrictions
Ebola death rate exceeds 50% in DR Congo as US tightens travel restrictions
No confirmed Ebola case in Adamawa as suspected cases test negative
Lagos gives residents until December 31 to obtain mandatory health insurance
FG says Nigeria could declare Ebola outbreak over by December 7
Nigeria has no Ebola cases after patient evacuation – WHO
Hospitality & Travel ›
FG takes over management of Plateau’s Pandam Park after years of abandonment
FG takes over management of Plateau’s Pandam Park after years of abandonment
Meet the power brokers behind Africa’s most expensive hotels in 2026
NIS further extends UK passport intervention exercise to October 30
NIS extends UK passport intervention exercise to October 3
Lagos shortlet boom puts operators under pressure as supply keeps rising
Billionaire Watch ›
Tinubu’s economic reforms have favoured the rich, worsened poverty – Atedo Peterside
Tinubu’s economic reforms have favoured the rich, worsened poverty – Atedo Peterside
Dangote companies pay N104.74 billion in taxes in 9 months
Ylias Akbaraly: Meet Madagascar’s richest man eyeing $450 million Nigerian broadcasting deal
Aliko Dangote prepares three daughters to inherit $58 billion business empire
Elon Musk regains trillionaire status as wealth jumps $88 billion
Entertainment ›
Disney reveals ‘Deadpool & Wolverine’ cost $556.8million, exceeding production budget
Disney reveals ‘Deadpool & Wolverine’ cost $556.8million, exceeding production budget
CANAL+, MultiChoice cut DStv packages to four, slash prices across African markets
Nollywood shoots up to 90% of films without proper script development – MBO Capital
Nollywood: Meet 7 producers making box office history in 2026
Universal Music Group announces fresh layoffs amid $270 million cost-cutting programme
Economy ›
AfCRA targets March debut for first African sovereign credit ratings
AfCRA targets March debut for first African sovereign credit ratings
Nigeria’s foreign reserves add $295 million in October, slowest monthly increase in 2026
Tinubu’s economic reforms have favoured the rich, worsened poverty – Atedo Peterside
UK Development Finance Institution BII earmarks $3 billion for Africa’s frontier markets
World Bank targets fivefold increase in minerals financing to $19 billion by 2030
Corporate deals ›
Why OPay IPO sale was halted after debut on NYSE
Why OPay IPO sale was halted after debut on NYSE
OPay post-IPO trading halted after raising $304 million
Paramount Skydance completes $110 billion takeover of Warner Bros Discovery
UAC Nigeria exits Livestock Feeds in N19.5 billion deal with Sunbeth
UAC Nigeria to sell 43% stake in DP World Logistics to TGI Group
Companies ›
With Careers Lasting At Least Decade Each, Jeroid and Olamide Join Forces to Push for Wider Crypto Adoption
With Careers Lasting At Least Decade Each, Jeroid and Olamide Join Forces to Push for Wider Crypto Adoption
Jumia Black Friday Is Here: ‘No Manage Am’ Is the Call to Upgrade
Zenith Bank reinforces commitment to Africa’s creative economy through continued sponsorship of art X Lagos 2026
Johnvents Industries’ ₦80 Billion Series 1 Issuance Commercial Paper Closes Oversubscribed
Access Holdings to Advance Africa’s Capital Mobilisation Agenda at AFIS 2026 
Consumer Goods ›
Shoprite Nigeria to open neighbourhood stores, moves away from mall-based expansion
Shoprite Nigeria to open neighbourhood stores, moves away from mall-based expansion
Consumer Goods firms record N70.1 billion in technical fees to parent companies
UAC Nigeria exits Livestock Feeds in N19.5 billion deal with Sunbeth
Manufacturers or money managers? Consumer goods firms hold N587 billion cash in 2026
UAC Nigeria to sell 43% stake in DP World Logistics to TGI Group

Financial Literacy

US stocks: How to invest in the world’s largest stock market from Nigeria
  • FINANCIAL LITERACY

US stocks: How to invest in the world’s largest stock market from Nigeria

October 31, 2026

Stretched valuations could threaten your stock market gains in Q4
  • EQUITIES

Stretched valuations could threaten your stock market gains in Q4

October 03, 2026

Five mistakes investors should avoid when investing in Nigeria
  • ECONOMY

Five mistakes investors should avoid when investing in Nigeria

September 05, 2026

Portfolio investment into Nigeria: Understanding the flow, the assets, the risks, and the path forward
  • FINANCIAL LITERACY

Portfolio investment into Nigeria: Understanding the flow, the assets, the risks, and the path forward

August 02, 2026

Why Nigerian Money Market Funds are your best emergency fund upgrade
  • FINANCIAL LITERACY

Why Nigerian Money Market Funds are your best emergency fund upgrade

July 18, 2026

Q2 2026 investment returns: Where investors should position for H2
  • EQUITIES

Q2 2026 investment returns: Where investors should position for H2

July 15, 2026

Best places to invest in the second half of 2026
  • FINANCIAL LITERACY

Best places to invest in the second half of 2026

June 28, 2026

An easy guide to Options trading: Calls, Puts explained
  • FINANCIAL LITERACY

An easy guide to Options trading: Calls, Puts explained

June 10, 2026

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