Business & Economy - Page 10

Leadership transition brings one of Nigeria’s foremost economists to the helm as Cadbury strengthens governance amid a changing consumer goods landscape. Cadbury Nigeria Plc has appointed renowned economist and public policy expert Dr. Doyin Salami as Chairman of its Board of Directors, following the

Improved operational efficiency, stronger asset performance and an ambitious drilling programme position the indigenous energy giant for its next phase of expansion. Oando Plc has reported a robust operational and financial performance for the first half of 2026, underscoring the growing competitiveness of Nigeria’s

By Ebere Melum-Nwogbo Nigerians lost N25.85 billion to digital payment fraud in 2025, according to Central Bank of Nigeria (CBN). Though the figure represents a significant decline from the N52.26 billion recorded in 2024, CBN, said the losses remained substantial for payment

In a major financial restructuring move aimed at boosting national reserves, the National Economic Council (NEC) has endorsed the refinancing of the $3.3 billion Project Gazelle Pre-Export Finance Facility through a new $4.5 billion arrangement designated as Project Gazelle 2. ​The approval

Sterling Financial Holdings Company Plc bucked a sector-wide pullback on Thursday, as its shares rose 6.67% to ₦8.00 to rank among the best performers on the Nigerian Exchange (NGX). In contrast, the NGX Banking Index shed 2.04% and the wider market fell

The Nigerian Naira is trading at approximately ₦1,361 to $1 USD on the official foreign exchange window today, while fresh economic indicators from the National Bureau of Statistics (NBS) reveal a marginal drop in headline inflation to 15.91% for June 2026. ​According

By Agbafo Ijeoma The naira recorded slight movements against the US dollar in Nigeria’s foreign exchange market as trading continued on Monday, with the official exchange rate standing at about N1,368.22 to one dollar. Data from the Central Bank of Nigeria (CBN)

The expansion of Bua’s Port Harcourt Terminal will be a major boost to Nigeria’s quest to be a leading maritime hub in West and Central African sub-region, the Nigerian Ports Authority (NPA) has said. The Authority disclosed that in addition to growing

Femi Otedola has spent about ₦222.2 billion on First HoldCo shares, raising his interest in the Nigerian financial group to 25.88%. Calvados Global Services bought 1,779,094,976 First HoldCo shares at ₦124.90 each. The transaction was worth about ₦222.21 billion, equivalent to roughly