Business News

Nigeria’s Federal Government generated ₦6.9 trillion in revenue between January and April 2025—a 40% increase from the ₦5.2 trillion collected during the same period in 2024. This boost stems from several key...

In 2024, Nigeria's financial habits marked a dramatic shift. Point-of-Sale (POS) terminals processed ₦223.27 trillion in transactions, doubling the ₦110.35 trillion recorded in 2023. Monthly data shows January’s POS volume...

Escalating tensions and recent coordinated US–Israeli airstrikes on Iran’s nuclear facilities have prompted Iranian lawmakers to consider closing the strategic Strait of Hormuz—a waterway that channels nearly 20% of the...

The National Security Adviser (NSA), Nuhu Ribadu, and 36 state governors have joined forces to tackle rising food prices across Nigeria. After a key meeting with ministers of defence, agriculture,...

The Lagos Chamber of Commerce and Industry (LCCI) has issued a warning that rising insecurity within Nigeria, combined with escalating global geopolitical tensions, poses a serious threat of pushing food...

Visa has appointed Aminata Kane as the new Senior Vice President and Head of Western and Central Africa, effective September 4, 2025. She will oversee Visa’s operations across 23 key...

Despite recent gains by the Ghanaian cedi and a series of fuel price cuts, Ghana still ranks among the top 10 most expensive countries in Africa for fuel in June...

Oil marketers across Nigeria have raised serious concerns over the Dangote Petroleum Refinery’s plan to distribute fuel directly to petrol stations and commercial buyers across the country. Under the umbrella...

Lagos is set to welcome top procurement and supply chain leaders from across the continent as it hosts the 7th Africa Procurement and Supply Chain Summit on July 3–4, 2025....

The Dangote Petroleum Refinery is set to commence the nationwide distribution of fuel, specifically petrol and diesel, on August 15, 2025. This marks a major step in reshaping Nigeria’s fuel...