Category : Business

Latest from the world of business

Business News

36 States’ Budgets Rise 47.5% to N40.14tn as Capital Spending Share Falls

Alake UriAugust 19, 2026August 19, 2026

by Alake UriAugust 19, 2026August 19, 2026033

The combined budgets of Nigeria’s 36 states and the Federal Capital Territory, FCT, have increased by 47.5 per cent, rising from N27.22 trillion in 2025...

Business News

Dangote Refinery Secures $1bn Underwriting Backing Ahead of Planned IPO

Alake UriAugust 19, 2026August 19, 2026

by Alake UriAugust 19, 2026August 19, 2026023

Dangote Petroleum Refinery & Petrochemicals FZE, DPRP, has secured $1 billion in underwriting support from Marob Strategies and Consulting DIFC Ltd and Lilium Capital Group...

Business News

FAAC: FG, States and LGs Share N3.007 Trillion in July Revenue

Alake UriAugust 19, 2026August 19, 2026

by Alake UriAugust 19, 2026August 19, 2026030

The Federal Government, states and local governments have shared N3.007 trillion in revenue for July 2026. The allocation was approved at the Federation Account Allocation...

Business News

CBN’s Hakama Sidi-Ali Named 2026 National Spokesperson of the Year

Alake UriAugust 18, 2026August 18, 2026

by Alake UriAugust 18, 2026August 18, 2026031

The Acting Director of Corporate Communications at the Central Bank of Nigeria, CBN, Hakama Sidi-Ali, has emerged as the 2026 National Spokesperson of the Year....

Business News

HBM Nigeria Records 57% Profit Growth to N208bn in H1 2026

Alake UriAugust 18, 2026August 18, 2026

by Alake UriAugust 18, 2026August 18, 2026028

HBM Nigeria Plc, formerly known as Lafarge Africa Plc, recorded a 57 per cent increase in Profit After Tax (PAT) to N208 billion in the...

Business News

Dollar to Naira Rate Today, August 18, 2026

Alake UriAugust 18, 2026August 18, 2026

by Alake UriAugust 18, 2026August 18, 2026026

The Nigerian naira maintained relative strength against the United States dollar on Tuesday, August 18, 2026, following recent gains in the official foreign exchange market...

Business News

Food inflation rises for fifth consecutive month to 20.31%

Alake UriAugust 18, 2026August 18, 2026

by Alake UriAugust 18, 2026August 18, 2026026

Nigeria’s food inflation rate climbed for the fifth straight month, reaching 20.31 per cent in July 2026, up from 17.52 per cent in June. The...

Business News

Abia Govt: Tax automation not increase in taxes

Alake UriAugust 18, 2026August 18, 2026

by Alake UriAugust 18, 2026August 18, 2026031

The Abia State Government has clarified that its ongoing tax administration reforms are not intended to increase taxes but to make revenue collection more transparent,...

Business News

Inflation declines

Alake UriAugust 18, 2026August 18, 2026

by Alake UriAugust 18, 2026August 18, 2026028

Nigeria’s headline inflation rate fell further to 15.43 per cent in July 2026, representing a 48-basis-point decline from the 15.91 per cent recorded in June....

Business

Veritasi Homes Secures N50bn Funding Programme to Drive Expansion

Alake UriAugust 17, 2026August 17, 2026

by Alake UriAugust 17, 2026August 17, 2026029

Veritasi Homes & Properties Plc has completed a N50 billion non-interest commercial paper programme, providing the real estate company with additional funding to expand its...

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