Business

The Nigerian naira showed a glimmer of resilience on Wednesday, January 22, 2025, as it recorded modest gains against the US dollar in both the official and parallel markets. This…

Nigerians burdened by rising costs of living have been given a temporary reprieve as the House of Representatives has suspended the implementation of the Central Bank of Nigeria’s (CBN) controversial…

Former presidential candidate of the Social Democratic Party (SDP), Prince Adewole Adebayo, has criticized President Bola Tinubu’s economic team, labeling them as uncoordinated and suffering from economic illiteracy. In a…

Economic analysts project that Nigeria’s trade surplus and foreign portfolio investment (FPI) inflows will persist into Q4 2024 and early 2025, driven by the weakened Naira, robust global demand for…

Oil marketers in Nigeria are raising alarm over the frequent fluctuations in fuel prices, warning that the instability is pushing many businesses toward collapse. The ongoing price war between Dangote…

The Federal Government has earmarked N105.95 billion for the aviation industry in the 2025 budget, marking an increase from the N63.32 billion allocated in 2024. This funding aims to support…

Portugal has announced plans to expand its imports of liquefied natural gas (LNG) from Nigeria and the United States, aiming to end its reliance on dwindling Russian supplies. This move…

The National Agricultural Development Fund (NADF) and the Niger State Government have formalized a landmark N5 billion partnership aimed at boosting agriculture and improving food security in the region. The…

The oil and gas sector received 31.1% of total credit from deposit money banks (DMBs) in Q3 2024, according to the Central Bank of Nigeria (CBN). This is up from…

The Central Bank of Nigeria (CBN), on behalf of the Debt Management Office (DMO), has reported a massive 283.42% oversubscription, securing N1.47 trillion in bids for the 364-day Treasury Bills…