Nigerian News Todaybusiness and economy Archives

Nigeria Fintech at $10.6 Billion But Startup Funding Drops 28%: What Every Nigerian Entrepreneur Needs to Know Right Now

May 17, 2026 by admin

As Flutterwave, OPay, and Moniepoint hold firm, smaller startups face a brutal capital drought that is reshaping the innovation landscape. Nigeria’s technology and startup ecosystem is living a tale of two realities in 2026. On one hand, the country’s nine leading fintech companies are now collectively valued at $10.6 billion, with Flutterwave holding steady … Read more

Naira Holds at N1,374 Per Dollar as CBN Reserves

May 5, 2026May 5, 2026 by admin

Published: Tuesday, May 5, 2026 | Breaking News Nigeria’s naira held relatively steady on Tuesday, May 5, 2026, trading at approximately N1,374 per dollar in the official Nigerian Foreign Exchange Market window, with the Central Bank of Nigeria reporting that the country’s foreign reserves have climbed to $46.7 billion, a figure that forex analysts say … Read more

EFCC Cracks Down on Naira Spraying at Parties, Offenders Face Jail or Fine

July 1, 2025 by Joshua Ezim

The Economic and Financial Crimes Commission (EFCC) has come out swinging — warning Nigerians that spraying Naira at parties is now officially a punishable offence that could land offenders in prison or hit them with serious fines. In a statement that sent shockwaves across social media and the event industry, EFCC says it is clamping … Read more

Shock Move: Nigeria Taps Brazil With $1 Billion Deal In Agriculture

July 1, 2025 by Joshua Ezim

Nigeria has sealed a $1 billion agriculture deal with the government of Brazil — a move many are calling bold, strategic, and overdue in the fight to end hunger and revive the nation’s dying farming sector. The billion-dollar agreement was signed in Abuja over the weekend, with top Brazilian officials and Nigerian government representatives present. … Read more

Oil Marketers Brace for Massive Losses as NNPC and Dangote Refinery Battle for Market Control

March 4, 2025 by Oriyomi Damilola

Nigeria’s oil market is facing an intense showdown as a price war erupts between the Nigerian National Petroleum Company Limited (NNPC) and the newly operational Dangote Refinery. Oil marketers are now caught in the middle of a fierce competition that could redefine fuel pricing, distribution, and profitability across the sector. As both giants aggressively position … Read more