Tag: business news

US Proposes 12.5% Tariffs on Nigeria, Seven African Countries Over Forced Labour Concerns

The United States has proposed additional tariffs of 12.5 per cent on…

UAC CEO Aiyesimoju to Earn N743m Dividend as Company Declares N2.93bn Payout

One of Nigeria’s youngest corporate dealmakers, Folasope Babasola Aiyesimoju, is set for…

Trump’s Housing Reform Push Signals Market Reset for US Home Prices in 2026

After years of soaring prices, tight inventory, and elevated borrowing costs, the…

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Summit Bank Begins Operations, Promises Ethical and Inclusive Banking

Nigeria’s newest non-interest financial institution, Summit Bank Limited, has officially commenced operations,…

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Market Slumps as 25% Capital Gains Tax, Trump Threat Unsettle Investors

Nigeria’s stock market witnessed a sharp decline on Tuesday as fears over…

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Inflation Rate Declines to 22.22% in June, But Food Prices Continue to Rise

Nigeria’s inflation rate dropped to 22.22% in June 2025, marking the third…

AMCON Lists Silverbird Abuja Mall Amid Efforts to Recover Murray-Bruce Debt

The Asset Management Corporation of Nigeria (AMCON) has announced the sale of…