Business

Nigeria has signed an agreement to host the fifth edition of the Intra-African Trade Fair (IATF2027), scheduled to take place in Lagos from November 5 to 11, 2027. The host agreement was signed on Monday in Lagos in partnership with the African Export-Import Bank (Afreximbank), the African Union Commission and the African Continental Free Trade Area Secretariat. The event is…

FCMB Group Plc has announced the successful completion of its N500 billion capital raise ahead of the Central Bank of Nigeria’s (CBN) March 31, 2026 recapitalisation deadline. The development was disclosed in a statement dated March 8, 2026, and signed by the Group Chief Executive, Ladi Balogun. With this announcement, FCMB joins other Nigerian banks that have concluded their capital…

The Director General of Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has commended female members of staff of the Commission, reaffirming the Management’s commitment to supporting and empowering women. Agama made the remarks during International Women’s Day, held on Monday March 9, organised by the commission to celebrate women and acknowledge their role in national development also recognised their…

Security agencies responsible for airport operations in Nigeria have pledged to collaborate with the Ogun State Government to ensure seamless Hajj operations at the Gateway International Airport in Iperu-Remo. The commitment was made on Monday during a strategic security meeting between representatives of the state government and key security agencies at the airport in Ikenne Local Government Area. Speaking at…

The Nigerian National Petroleum Company Limited (NNPC Ltd) recorded a 47 per cent decline in revenue in January 2026, with earnings falling to N2.57 trillion from N4.82 trillion in December 2025. The figures were disclosed in the company’s Monthly Report Summary for January 2026, which highlighted a significant contraction in revenue despite a marginal improvement in profit after tax. The…

The Federal Government, through the Nigerian National Petroleum Company Limited (NNPCL), has taken  steps to secure crude oil supply for the Dangote Petroleum Refinery via third-party international traders to sustain local refining operations. This is coming when petrol prices are becoming increasingly burdensome for the average Nigerian consumer, fueled by the recent conflict in the between USA/Israel and Iran.  Escalating…

Signature Bank Limited has increased its capital base to N52 billion, exceeding the Central Bank of Nigeria’s (CBN) prescribed minimum capital requirement of N50 billion for regional commercial banks.  The increase followed the successful completion of a rights issue, positioning the Bank in full alignment with the regulatory expectations under the ongoing banking sector recapitalisation exercise. The rights issue formed…

United Bank for Africa (UBA) Plc, said all is set to host a special edition of its impactful quarterly UBA Business Series, which be specifically focused on celebrating and empowering the modern woman with the theme: “gen w- ‘The Evolved Woman’ The session, which is scheduled to hold this week will bring together an array of accomplished female leaders and…

Fuel prices have surged across major Nigerian cities, with petrol now selling above ₦1,000 per litre in Lagos and Abuja following a fresh adjustment in the downstream petroleum market. A survey of filling stations in Lagos and the Federal Capital Territory showed that Premium Motor Spirit (PMS) is currently retailing for about ₦1,040 per litre in Lagos and up to…

MTN Nigeria Communications Plc in the 2025 financial year reported N5.2 trillion revenue to outshine Dangote Cement Plc, Oando Plc, among others listed companies on the Nigerian Exchange Limited (NGX). As gathered by WESTERN POST, the telecommunication giant saw its revenue increasing by nearly 5 per cent from N3.36 trillion reported in 2024, amid hike in price of data, among…