Business

All the recent business news in Nigeria, economy and industry updates.

Annual report: NGX slams N76.8m fine on 9 firms

The Nigerian Exchange Limited (NGX) has imposed a N76.8 million fine on nine quoted companies for failure to file their audited financial statements a

Otedola increases stake in First Bank with N17.2bn share

Popular Nigerian billionaire and Chairman of First Bank, Mr. Femi Otedola has increased his shares in the bank with an additional 2.22 per cent stake.

Crypto traders lose over $280m

The cryptocurrency market is experiencing increasing losses following its second-worst weekly decrease in 2024. This decline is attributed to the wani

Flutterwave lays off 3% of its workforce

African payments giant Flutterwave has laid off about 30 people—around 3% of its workforce—three months after it spoke about repositioning its busines

Shoprite to close Abuja branch June 30

Shoprite Mall has announced its intention to cease operation in one of its Abuja branches, Novare Central Mall in Wuse Zone 5 from June 30, 2024. This