Business News

MTN Nigeria Communications Plc has reported a remarkable financial turnaround in the first quarter of 2025, achieving a record-breaking service revenue of ₦1.06 trillion—a 40.5% increase compared to ₦752.98 billion...

Effective May 1, 2025, several Nigerian banks, including Guaranty Trust Bank (GTBank) and Ecobank Nigeria, will increase their SMS transaction alert fees from ₦4–₦5 to ₦6 per message. This adjustment...

Nigeria’s fiscal struggles deepened in January 2025 as the Federal Government’s debt servicing costs surpassed its retained revenue by a wide margin, according to the Central Bank of Nigeria’s (CBN)...

As of late April 2025, the price of a 50kg bag of rice in Nigeria has decreased to approximately ₦58,000 in certain regions, offering some relief to consumers amid ongoing...

The United States government has criticised Nigeria over persistent delays in approving import permits for American agricultural products, describing the situation as a longstanding barrier to trade and market access....

Members of the Organised Private Sector (OPS) have raised concerns that Nigeria’s rising inflation could derail expectations of a long-awaited interest rate cut by the Central Bank of Nigeria (CBN)....

As of March 2025, Nigeria's currency in circulation (CIC) declined to ₦5 trillion, marking the third consecutive monthly decrease, according to the Central Bank of Nigeria (CBN). This represents a...

The Nigerian National Petroleum Company Limited (NNPCL) has recently reduced petrol pump prices across its stations nationwide. In Abuja, the price has been adjusted from ₦950 to ₦935 per litre,...

The International Monetary Fund (IMF) has acknowledged that the Nigerian government has taken bold steps toward economic stabilisation, but the effects of these reforms have yet to be felt by...

​PricewaterhouseCoopers (PwC) has announced the closure of its operations in nine African countries—Côte d'Ivoire, Gabon, Cameroon, the Democratic Republic of Congo, the Republic of Congo, Madagascar, the Republic of Guinea,...