Business

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

Union bank rewards 3 customers with N15m promo

Union Bank of Nigeria has rewarded three customers with N15m during its fourth edition of its ‘Save and Win Palli’ Promo.  In a statement, the custome

Airtel Africa grows profit by 408% with spike in data revenue

Airtel Africa has released its financial results for Q1 2025/2026, for the period ended June 30, 2025, recording a pre-tax profit of $273 million, rep

We are under pressure to reduce tariff – DisCos

Electricity Distribution Company (DisCos) have claimed that since the reduction of electricity tariff for Band A customers in Enugu State they are fac

Market cap crosses N84trn as investors gain N406bn

The Nigerian Exchange (NGX) yesterday crossed N84 trillion in market capitalisation as equity investors gained more than N406 billion. Daily Trust rep

Afrinvest unveils N2.5bn Sharia compliant fund

Following the recent approval by the Securities and Exchange Commission (SEC), we are proud to unveil the Afrinvest Halal Fund, an open-ended unit tru