FG Shares ₦1.969 Trn December Allocation with States, LGAs
A total of ₦1.969 trillion from the December 2025 Federation Account has been allocated to Nigeria’s three tiers of government, […]
African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
US Nigeria CIP Drives Trade Investment Private Sector Growth
The United States and Nigeria have pledged to strengthen bilateral trade and investment ties, emphasizing private sector-led growth following a
FAB Opens Lagos Rep Office for Sub-Saharan Expansion
First Abu Dhabi Bank (FAB) will open a representative office in Lagos, Nigeria, marking its first direct presence in sub-Saharan
Abia State Biogas Power Bypasses National Grid Failures
Abia State Governor Alex Otti has announced that the state is no longer affected by national grid collapses, citing a
African Business News
Naira Gains Against US Dollar as Forex Reserves Rise
The Nigerian naira strengthened significantly against the US dollar in both official and parallel foreign exchange markets last week, marking
Kwara Assembly Passes 2026 Budget at ₦656.5bn, Up ₦10.5bn
The Kwara State House of Assembly has enacted the 2026 Appropriation Bill, establishing a total budget of ₦656.5 billion. This
Nigerian Exchange Market Cap Gains on Listings as ASI Falls
The Nigerian Exchange ended Friday’s session with a mixed performance, as market capitalization grew by N184 billion despite a marginal
ExxonMobil Q4 Profits Dip 14.6% on Lower Oil Prices
ExxonMobil reported a 14.6 per cent decline in fourth-quarter 2025 profits, citing lower oil and gas prices that outweighed gains
Vessels Offloading at Lagos Ports, NPA Says 39 More Expected
The Nigerian Ports Authority (NPA) reported significant maritime activity across the Lagos port complex, with 20 vessels currently discharging cargo
Gold Silver Plunge After Warsh Fed Chair Nomination
Gold and silver prices suffered historic single-day declines on Friday following US President Donald Trump’s announcement nominating former Federal Reserve
Gold, Silver Plunge as Trump Fed Pick Boosts European Stocks
Gold and silver prices fell sharply on Friday, while European stock markets rose, after US President Donald Trump announced his
FAAC Shares N1.969 Trillion with Federal, States, LGAs
Nigeria’s Federation Account Allocation Committee (FAAC) distributed a total of ₦1.969 trillion to the federal, state, and local governments for