Business News

The Warri Refining and Petrochemicals Company (WRPC) has resumed, manufacturing petroleum products such as kerosene and diesel. Currently, the refinery is operating at 60% of its installed capacity, processing 75,000...

The naira's sharp decline poses serious problems for the Nigerian government's 2025 budget plan. The exchange rate is set at ₦1,400 to $1 in the proposed budget, which is a...

Nigerian clients of the satellite internet service company Starlink will now pay much higher monthly prices, authorised by the Nigerian Communications Commission (NCC). Effective January 27, 2025, the basic monthly...

The Nigerian Exchange (NGX) recorded a 12.01% decrease in overall transactions in November 2024, at ₦442.34 billion, compared to ₦502.73 billion in October. Breakdown of Transactions: Domestic Transactions: Decreased by...

The bilateral currency swap deal between China and Nigeria has been extended, enabling the exchange of 3.28 trillion Nigerian naira for 15 billion yuan, or almost $2 billion. This agreement,...

A number of loan costs will be eliminated, according to the World Bank, to help poor countries borrow money more cheaply. These policies are intended to help nations dealing with...

The Nigerian Bottling Company (the company that makes Coca-Cola), FrieslandCampina (the company that makes Peak Milk), and Guinness Nigeria Plc have had their facilities closed by the Lagos State Water...

The Nigerian Federal Government set aside ₦8.73 billion in 2024 to improve the power infrastructure of Abuja's Nnamdi Azikiwe International Airport. By resolving long-standing problems with power instability that had...

Nigeria's GDP grew 3.46% year over year in the third quarter of 2024, which was better than the first two quarters. According to the report, the tight monetary policy stance...

In 2024, the Federal Government of Nigeria (FGN) issued bonds worth ₦5.84 trillion to the Nigerian Federal Government to cover the budget deficit. The "Budget of Renewed Hope," the 2024...