Business News

The Federal Government has allotted ₦24.85 trillion for debt payments and personnel expenses, including pensions and salaries, in the 2025 Appropriations Bill. The report also revealed that government spending on...

Shell has received approval from the Federal Government of Nigeria to sell its onshore and shallow-water assets to Renaissance Africa Energy for $2.4 billion. Key Details: Approval Granted: The sale...

The Federal Government of Nigeria, in conjunction with the World Bank, has set aside $600 million for the second phase of the Rural Access and Agricultural Marketing Project (RAAMP). Funding...

The Nigerian National Petroleum Company (NNPC) Limited has lowered the pump price of petrol by ₦20 per litre at its retail stores in Abuja. The price per litre is now ₦1,040 instead...

The export of the Dangote Refinery's first supply of Premium Motor Spirit (PMS), also referred to as petrol, to Cameroon marks a noteworthy milestone. The stabilisation of gasoline prices throughout West...

According to the most recent international trade data from the National Bureau of Statistics, Nigeria's imports from Malta hit a new high of N766.81 billion in the third quarter of...

Oando Plc claims that in just three months, its output of crude oil has surged by about 50%. It stated that the accomplishment came after Eni's purchase of Nigerian Agip...

After the launch of the Central Bank of Nigeria's new foreign exchange platform, the value of the naira rose by N137.69 versus the US dollar in just one week. The...

Bolaji Tunji, Special Adviser to the Minister of Power on Strategic Communications and Media, the Federal Government has allocated N700 billion from the federation account to distribute free electricity meters...

In October 2024, local rice prices in Nigeria increased by 137.32% over the same period the previous year, placing it among the nation's top ten most costly staple items. The...