Business Post Nigeria

Business Post Nigeria is an online financial news source located in Lagos, Nigeria. It focuses on delivering accurate news related to the business sector to its large audience. Founded in 2016 by a group of passionate financial journalists with experience from various respected print and online media outlets in the country, Business Post Nigeria is a part of Business Post Integrated.

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Articles

Google Suspends 39 million Advertiser Accounts, Blocks Harmful Ads |

2 days ago | businesspost.ng | Modupe Gbadeyanka

By Dipo OlowookereThe fibre broadband service of MTN Nigeria, MTN Fibre Broadband, has been rebranded to MTN FibreX as part of the company’s commitment to providing ultra-fast, reliable, and accessible internet services to its customers.
Stanbic IBTC Trustees to Make Trusteeship More Accessible to Nigerians

4 days ago | businesspost.ng | Modupe Gbadeyanka

By Adedapo AdesanyaThe NASD Over-the-Counter (OTC) Securities Exchange increased by 0.27 per cent week-on-week in Week 16 of the 2025 trading year. Data indicated that the bourse’s market capitalisation rose by N5.15 billion in the four-day trading week to N1.924 trillion from the N1.919 trillion it ended in the previous week and the NASD Unlisted Securities Index (NSI) went up by 8.81 points to 3,286.38 points from the 3,277.57 points recorded in the previous trading week.
NTYTP Advocates Youth-Driven Leadership, National Renewal | Business

4 days ago | businesspost.ng | Modupe Gbadeyanka

By Adedapo AdesanyaMelrose General Services Limited has initiated contempt proceedings against the Governor of the Central Bank of Nigeria (CBN) Mr Yemi Cardoso and Legal Services Director, Mr Salam-Alada Kofo, for allegedly failing to comply with a Supreme Court judgement delivered in 2024 reversing the forfeiture of N1.222 billion and N220 million linked to the Paris Club refund.
Airtel Smartcash Enables Seamless Upgrade of Wallets from Tier 1 to 3

1 week ago | businesspost.ng | Aduragbemi Omiyale

By Aduragbemi OmiyaleThe Payment Service Bank (PSB) of Airtel Nigeria, Smartcash, has enabled an easier system that allows customers to upgrade their wallets from Tier 1 to Tier 3 for a smooth, cashless, and stress-free holiday experience. Upgrading from Tier 1 wallet provides higher transaction limits and access to more features and benefits as well as security.
Nigerian, Chinese Firms to Build $2.5bn Steel Plant in Delta, Kogi |

1 week ago | businesspost.ng | Modupe Gbadeyanka

By Modupe GbadeyankaPlans have been concluded to site a steel production plant worth about $2.5 billion in Kogi and Delta States. Already, a financial and technical cooperation agreement has been sealed between a Nigerian company and a Chinese organisation. At a signing ceremony on Monday, April 14, 2025, at in Deyang, Sichuan Province, China, the duo of Chart & Capstone Integrated Ltd and China’s Sinomach-HE put pen to paper on the factory.
FAAC Disbursement for April 2025 Drops to N1.578trn | Business Post

1 week ago | businesspost.ng | Aduragbemi Omiyale

By Adedapo AdesanyaNigeria and South Africa have signed a Memorandum of Understanding (MoU) to boost mining cooperation, focusing on investment, knowledge exchange, and technology transfer. The agreement was signed in Abuja by the Solid Minerals Development Minister, Mr Dele Alake, and South Africa’s Mineral Resources, Mr Gwede Mantashe. A statement on Wednesday said the MoU was part of efforts to strengthen ties under the Nigeria–South Africa Bi-National Commission framework.
ARM-Harith Secures £10m to Unlock Nigerian Pension Funds | Business

1 week ago | businesspost.ng | Modupe Gbadeyanka

By Aduragbemi OmiyaleThe amount shared by the federal government, the 36 state governments and the 774 local government areas of the federation from the Federation Account Allocation Committee (FAAC) in April 2025 from the revenue generated last month declined by N100 billion, Business Post reports. This month, FAAC disbursed about N1.578 trillion to the three tiers of government, lower than the N1.678 billion distributed in March 2025.
Onne Port Customs Generates N190.57bn in Q1 2025 | Business Post

1 week ago | businesspost.ng | Adedapo Adesanya

By Adedapo AdesanyaThe Nigeria Customs Service (NCS) has announced that it generated N190,569,212,397.42 from January to March 2025, at Onne port, Rivers State. The Customs Comptroller for Area II Command, Onne, Mr Mohammed Babandede, revealed this during his first quarter media briefing in Onne on Wednesday, stating that the feat showed a remarkable improvement with an increase of N27,864,668,442.61 or 17.12 per cent when compared with the same period of 2024.
Dangote’s N16bn Food Programme Triggers Excitement in FCT, Kogi | B

1 week ago | businesspost.ng | Modupe Gbadeyanka

By Adedapo AdesanyaThe Africa Export-Import Bank (Afreximbank) disbursed $50 billion for the execution of various projects in Nigeria in the last 19 years, the President of the Cairo-based lender, Mr Benedict Oramah, disclosed at the commissioning of the Afreximbank Africa Trade Centre (AATC) in Abuja. At the event, he also reaffirmed the bank’s vision to dismantle trade barriers and promote African market integration.
EFCC Gives Lifeline to CBEX Investors

1 week ago | businesspost.ng | Adedapo Adesanya

By Adedapo AdesanyaThe NASD Over-the-Counter (OTC) Securities Exchange closed flat on Wednesday, April 16, as the market capitalisation remained unchanged at N1.915 trillion as well as the NASD Unlisted Security Index (NSI) at 3,271.02 points. At the trading session, there was no price gainer or decliner.