Business, Economy
Friday 17 April, 2026 For the first time in nearly four years, Guinness Nigeria is giving shareholders their money back. In 2023, the naira devaluation hit Guinness Nigeria the way it hit every company carrying foreign currency debt. Finance costs rose by 2,501% in a...
Business
Amara has spent eleven years waiting for stable power. She stopped waiting in year three. Amara Okonkwo runs a cold chain distribution business out of a rented yard in Onitsha. She supplies frozen fish, chicken, and dairy to hotels, supermarkets, and school canteens...
Business, Economy
Nigeria’s banks just raised N4.6 trillion. A bigger capital base is not the same as a banking system that works for everyone. Today is the deadline. According to the CBN, 32 banks have met the recapitalisation requirements ahead of today’s...
Business
The refinery did its part. The rest of the system didn’t. Dangote cut its ex-depot petrol price to ₦774 per litre last Tuesday. That’s ₦25 cheaper than before, and cheaper than imported petrol landing from Lome at ₦793. Africa’s largest refinery...
Business
Oil and forex improving but shocks could erase all gains PwC reports Nigeria’s 2026 outlook brightening. Oil production stabilising at 1.5 million barrels daily. Foreign exchange improving. Policy reforms showing effects. But—and this “but” carries...