Business News

The Federal Government has announced that Nigeria's petrol consumption has dropped to 50 million litres per day with half of this demand being met by local refineries. As a result, Nigeria...

The naira rose to N1,555 per dollar in the parallel market Tuesday, up from N1,570 per dollar last Friday. However, the Naira fell to N1,512 per dollar on the Nigerian...

The Federal Government of Nigeria has launched a lawsuit attempting to compel cryptocurrency exchange Binance to pay $79.5 billion in economic damages attributed to its operations in the country, as...

The Central Bank of Nigeria (CBN) has issued a directive requiring all banks and financial institutions to publicly disclose information regarding dormant accounts, unclaimed balances, and other financial assets. Banks...

The Nigerian Electricity Regulatory Commission (NERC) has increased fines for power consumers found guilty of meter manipulation and unauthorised connections. Non-maximum demand (Non-MD) customers with single-phase meters will be subject to...

Airtel Nigeria has announced an increase in its data and call tariffs. This adjustment, which takes effect on February 17, 2025, follows the Nigerian Communications Commission's (NCC) approval of a...

The National Bureau of Statistics (NBS) reported today that after rebasing the Consumer Price Index (CPI), the headline inflation rate declined by 10.32 percentage points to 24.48 percent in January...

As the new week unfolds, several significant business developments will shape Nigeria’s economic landscape from February 17 to February 21. Here are the major stories to follow: CBN Schedules MPC...

PZ Cussons Nigeria Plc has declared its intention to turn a $34.26 million intercompany loan from PZ Cussons Holdings (PZCH), its parent company domiciled in the UK, into stock. Key...

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced a significant reduction in crude oil theft within the country. Oil theft has dropped from over 108,000 barrels per day (bpd)...