HomeBusiness

Business

Hajj 2026: No Medical Certificate, No Visa – NAHCON

‎Hajj 2026: No Medical Certificate, No Visa - NAHCON ‎ ‎The National Hajj Commission of Nigeria (NAHCON) has announced that the Kingdom of Saudi Arabia has made the submission of duly processed Medical Fitness Certificates a compulsory condition for the issuance of visas to all pilgrims...

CBN’s Rate Cut: A Calculated Turn Towards Growth, by Kabir Abdulsalam

CBN’s Rate Cut: A Calculated Turn Towards Growth, by Kabir Abdulsalam   After months of aggressive tightening, the Central Bank of Nigeria (CBN) has finally eased its grip. At its 304th Monetary Policy Committee (MPC) meeting held this week, the apex bank reduced the Monetary Policy Rate...

Analysts Support MPC’s Decision to Cut Rates by 50 Basis Points

Analysts Support MPC's Decision to Cut Rates by 50 Basis Points   Analysts have backed the decision of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) to cut the rate by 50 basis points. The stakeholders affirmed that the rate cut to 26.5...

NMDPRA Data Reveals Modular Refinery Struggles

NMDPRA Data Reveals Modular Refinery Struggles Nigeria’s modular refineries supplied an average of 2.37 per cent of the country’s diesel demand over the three months spanning November 2025 to January 2026, according to data compiled from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA)'s...

Sell-Off Slaps N4514bn Loss on Investors at NGX

Sell-Off Slaps N4514bn Loss on Investors at NGX   Trading on Thursday closed on a bearish note as equities on the Nigerian bourse extended their downward trajectory, reflecting cautious investor sentiment and persistent profit-taking across key sectors. Official data from the Daily Official List shows the All-Share...

MTN Nigeria Records N5.2trn Revenue, Boosts Economy

MTN Nigeria Records N5.2trn Revenue, Boosts Economy   MTN Nigeria has reaffirmed its position as a critical driver of the non-oil economy, posting a service revenue of N5.2tn in its 2025 audited financial results. Beyond the impressive top-line growth, the company emphasised that its financial success is...