Business News

​Nigeria's economy is facing significant challenges due to a sharp decline in global oil prices, exacerbated by the recent imposition of tariffs by U.S. President Donald Trump. The Federal Government...

Delta Airlines has released its financial results for the first quarter of 2025, showcasing a resilient performance despite ongoing challenges in the global aviation sector. According to a statement shared...

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has officially declared the country’s petroleum reserves as of January 1, 2025, revealing a substantial 37.28 billion barrels of crude oil and condensate,...

Despite a sharp decline in the U.S. dollar index—down more than 2% in just two days—the Nigerian naira has yet to capitalize on the global currency shift. As of recent...

The Dangote Petroleum Refinery has reduced its ex-depot petrol price from ₦880 to ₦865 per litre, following the resumption of domestic sales in Naira. This ₦15 decrease is expected to...

​The Federal Executive Council (FEC) has officially directed the full implementation of the Naira-for-Crude policy, aiming to enhance local refining capacity and reduce Nigeria's reliance on foreign exchange for petroleum...

​Workers of the Nigerian National Petroleum Company Limited (NNPC) have issued a warning to the new Group Chief Executive Officer (GCEO), Bayo Ojulari, expressing strong opposition to the recruitment of...

​Recent developments in Nigeria's petroleum sector have sparked discussions about the potential for petrol prices to drop below ₦400 per litre. This optimism is primarily driven by the significant decline...

Nigeria’s total public debt reached a staggering N144.67 trillion ($94.23 billion) by December 31, 2024, reflecting a 48.58% year-on-year increase from N97.34 trillion ($108.23 billion) reported at the close of...

Nigerians secured a total of ₦470 billion in personal loans from banks during the last quarter of 2024, according to the Central Bank of Nigeria (CBN) in its recently released...