Business
CBN Reveals 20 Banks That Have Crossed New Capital Thresholds
(DDM) – The Central Bank of Nigeria has disclosed that 20 deposit money banks have successfully met the new minimum capital requirements introduced under…
Business
Business
Nigeria’s Diversification Drive Pays Off as Non-Oil Exports Break 50-Year Record
Nigeria’s long-running quest to free its economy from overdependence on crude oil appears to be yielding tangible results, as the country’s non-oil exports surged…
Business
JUST IN: Kenneth Gbandi Unveils Diaspora City Estate As Smart Diaspora Investment
(DDM) – Kenneth Gbandi has described Diaspora City Estate as a premium, master-planned real estate development specifically created to serve Nigerians in the Diaspora…
Business
Nigeria Grants Landing Permit to Amazon LEO, A Rival to Starlink, as Satellite Broadband Market Enters New Competitive Era
Nigeria has taken a decisive step toward deepening its digital transformation and expanding nationwide internet access with the approval of operating permits for Amazon’s…
Business
Nigeria-China Crude Trade Set to Expand as Venezuela’s Oil Exports to China Plunge Amid U.S. Blockade
Nigeria and China are poised to deepen their crude oil trade ties as major disruption in Venezuelan crude exports to China offers new opportunities…
Business
Oil Prices Slide As Trump Signals Softer Iran Policy
(DDM) – Global oil prices dropped sharply on Tuesday, falling more than 4 percent, after U.S. President Donald Trump indicated a moderation in his…
Business
Nigerian Stock Market Rally Ends As Equities Lose N457bn
(DDM) – The Nigerian equities market has ended its prolonged bullish momentum after a 23-day rally, reversing gains and shedding an estimated ₦457 billion…
Business
FG directs banks, fintechs to remit VAT on service fees
The Federal Government has directed banks and fintechs to collect a 7.5% Value-Added Tax (VAT) on certain electronic banking services, effective January 19, 2026.…
Business
AFCON 2025: Davido Loses ₦495 Million Bet as Super Eagles Fail to Beat Morocco
The 2025 Africa Cup of Nations semi-final clash between Nigeria and Morocco delivered heartbreak on multiple fronts, but few losses captured public attention quite…
Business
End of an Era? Oil Marketers Say Dangote Refinery Has Overtaken Petrol Imports
Nigeria’s long-standing dependence on imported petrol may be approaching a historic turning point as oil marketers reveal that supplies are increasingly being sourced locally…
