Business News

The first quarter of 2025 is expected to generate ₦2.41 billion in profit after taxes, according to TotalEnergies Marketing Nigeria Plc. Financial Projections for Q1 2025: Revenue: ₦213.91 billion Cost...

Nigeria attained 98.97% of its OPEC crude oil production quota in December 2024, averaging 1.48 million barrels per day (mb/d) as opposed to the allotted 1.5 mb/d. Production Details: Crude...

The price of Premium Motor Spirit (PMS), commonly known as petrol, has risen to ₦950 per litre at various depots across Nigeria. This rise is ascribed to the recent spike...

The Nigerian stock market commenced 2025 on a robust note, with investors gaining approximately ₦1.1 trillion in the first full trading week. Key Highlights: Market Capitalisation: Increased from ₦63.166 trillion...

Tiget Business International Limited, one of Nigeria's top footwear producers, has praised the enhanced natural gas supply to producers, emphasising how it has increased operational effectiveness and reduced costs. The...

A major winter storm in the southern United States has forced the cancellation of nearly 3,000 flights and caused thousands more to be delayed. Major airports have been severely impacted,...

The Federal High Court in Lagos has issued a Mareva injunction, freezing the accounts and assets of General Hydrocarbons Limited and its directors, including Nduka Obaigbena, for an alleged $225.8...

Foreign Minister Yusuf Tuggar has asked for the lifting of tariffs on Nigerian exports to China to reduce the two countries' trade imbalance. He underlined the need for local resource...

The Naira fell to N1,655 per dollar in the parallel market yesterday, down from N1,650 on Tuesday. Again, it Naira also fell to N1,545 per dollar in the official foreign...

Real Estate Investment Trust (REIT) investments have significantly decreased over the last five years, according to the Pension Fund Operators Association of Nigeria (PenOp). By the end of 2024, investments...