Business & Economy - Page 2

Nigeria’s leading airline, Air Peace, and Premium Trust Bank have taken steps to strengthen their corporate relationship following a high-level meeting between their leadership teams in Lagos. The Chairman and Chief Executive Officer of Air Peace, Allen Onyema, recently received the Managing

The capital market has taken a major step forward with the shift to a T+1 settlement cycle, a reform expected to make trading faster, smoother and more aligned with global practice. With the change effective from June 1, investors will now see

The President of the African Development Bank (AfDB), Sidi Ould Tah, has said that Africa’s future development will depend on stronger regional financial cooperation and innovative risk-sharing mechanisms. Tah said this during a media interaction at the conclusion of the 2026 AfDB

The Nigeria Employers’ Consultative Association (NECA) says businesses across the country are yet to fully experience the expected benefits of the Federal Government’s ongoing economic reforms. Mr Adewale-Smatt Oyerinde, Director-General of NECA, said this in an interview on Sunday in Abuja while

The Nigerian National Petroleum Company Limited (NNPC Ltd.), says it has recorded N481 billion Profit After Tax (PAT) for April 2026. The development represented a sharp jump from the N276 billion posted in March, the company said in the April  Monthly Report

The African Development Bank (AfDB) Group has warned that Africa’s trade finance gap could surpass $100 billion if geopolitical tensions and global trade disruptions continue. The cautionary projection is contained in the AfDB’s fifth Trade Finance Report, presented during the 2026 Annual

By Richard Benjamin The Economic Community of West African States (ECOWAS) has projected a positive long-term economic outlook for Nigeria, saying sustained reforms and increased regional trade could significantly strengthen the country’s global economic position. ECOWAS Commissioner for Economic Affairs and Agriculture,

The National Bureau of Statistics (NBS), says the average retail price of a litre of petrol witnessed an increase from N1,288.54  in March to N1,532.93 in April. The NBS made this known in its Premium Motor Spirit (Petrol) Price Watch for April

African leaders have called for greater investment in energy, infrastructure, industrialisation and climate finance to accelerate the continent’s development and economic transformation. The leaders made the call during a presidential dialogue held at the 2026 Annual Meetings of the African Development Bank

The Nigerian capital market is set to transition to a T+1 settlement cycle effective Monday, June 1. The Director-General of Central Securities Clearing System Plc (CSCS), Mr Shehu Shantali, disclosed this in a statement on Wednesday in Lagos. Shantali said the transition