Business

FBN Holdings shares recorded a notable 7.86% increase week-to-date (WTD), closing the week ending January 10, 2025, in the green, despite a complex legal dispute with General Hydrocarbons Limited (GHL).…

The NESG-Stanbic IBTC Business Confidence Monitor (BCM) report projects a hopeful decline in Nigeria’s inflation rate, forecasting it to reach 27.1% by December 2025. This offers optimism for businesses and…

The Central Bank of Nigeria (CBN) and its Monetary Policy Committee (MPC) have made strategic decisions to stabilize the naira and curb inflation, marking a pivotal shift in Nigeria’s macroeconomic…

Nigeria has an unrealized export potential of $3 billion, according to the International Trade Centre (ITC). The report highlights key export commodities where Nigeria could increase its global market share.…

Nigeria’s foreign exchange (FX) reserves have surged by $591.78 million. This significant rise follows the country’s successful Eurobond auction just one month ago. The increase brings much-needed stability to Nigeria’s…

Despite the recent reduction in the price of petrol, Nigerians have expressed frustration over the failure of transporters to reduce transport fares accordingly. Even with the reduction in the ex-depot…

NNPCL is struggling with its crude-for-loan agreements, which tie large portions of Nigeria’s oil to debt obligations. These commitments may last until 2029. At the same time, demand for crude…

The China Development Bank (CDB) has approved a $254.76 million (€245 million) loan to support the construction of the Kano-Kaduna railway project in Nigeria. Announced on Tuesday, the funding will…

United Bank for Africa Plc (UBA) is set to host a webinar aimed at educating small and medium-sized business owners on the new withholding tax regulations that came into effect…

Experts, policymakers, and stakeholders recently gathered in Abuja for a high-level symposium focused on the future of Nigeria’s oil and gas industry, which has been a key driver of the…