Business News

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...

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has urged the Dangote Petroleum Refinery to reduce the price of Premium Motor Spirit (PMS), commonly known as petrol, below its current...

Nigeria’s Minister of Budget and Economic Planning, Senator Atiku Bagudu, said that while Nigerians are feeling short-term pain, the economy is growing and showing promising signs of sustained recovery thanks...

As of June 5, 2025, the Nigerian naira experienced a significant appreciation against the U.S. dollar in both official and parallel markets, coinciding with the Eid al-Adha festivities. Official Market:...

Depot owners and the Nigerian National Petroleum Company Limited (NNPC) have recently reduced petrol prices, intensifying competition with the Dangote Refinery in Nigeria's downstream oil sector. Key Developments: Depot Price...

Nigerian telecommunications operators, including MTN, Airtel, Globacom, and 9mobile, have threatened to suspend Unstructured Supplementary Service Data (USSD) services for banks, citing concerns over misinformation regarding transaction fee deductions. This...

Between January and April 2025, Nigeria saw a noticeable drop in internet data consumption, shedding 17,647 terabytes within just three months. This decline coincided with the implementation of a new...

The Nigerian Communications Commission (NCC) has issued a new directive mandating Deposit Money Banks to collect charges for unstructured supplementary service data (USSD) transactions directly from users’ mobile airtime rather...

The leadership of Ikeja Computer Village has initiated a biometric registration and enumeration exercise to enhance security and restore investor confidence. This initiative aims to address issues such as phone...

Aliko Dangote, President of the Dangote Group, recently highlighted that Nigerians are paying significantly less for petrol compared to their West African neighbours. During a visit by ECOWAS Commission President...