Business News

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...

The World Bank has earmarked $40 million to boost healthcare coverage for Nigeria’s most vulnerable citizens, as part of a broader initiative aimed at strengthening the country’s health system and...

Nigeria has reached a historic milestone in gender parity, with the highest-ever level of female participation in the workforce, according to the World Economic Forum's (WEF) Global Gender Gap Report...

Nigeria-founded mobility startup Moove is reportedly seeking to raise $300 million in fresh funding, a move that could catapult the company into unicorn territory with a valuation north of $1...

The Federal Government of Nigeria has unveiled a significant $50 million investment into the Nigeria Wholesale Impact Investment Fund (WIIF), a bold move aimed at catalysing funding for micro, small,...

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has reported a revenue of ₦5.89 trillion and a Profit After Tax (PAT) of ₦748 billion for April 2025. The announcement was...

The upcoming China-Africa Forum is poised to shine a spotlight on poverty reduction and infrastructure development as key levers for Africa’s modernisation, according to Prof. Sheriff Ibrahim, Director of the...

The Nigerian government is expected to lose US$4 million from a World Bank credit after failing to meet auditing standards for revenue reforms involving the Federal Inland Revenue Service and...

According to the CBN’s February 2025 report, Nigerian banks slashed their manufacturing sector lending from ₦10.9 trillion in February 2024 to ₦8 trillion—a 26% year-on-year decline. The trend extends to...