Business News

The Nigerian Senate has raised concerns over the Federal Government's escalating electricity debt, which has increased by ₦800 billion in 2025 alone. This surge is attributed to the government's failure...

The average price of a 50kg bag of rice in Nigeria has fallen to ₦54,000, driven by a sharp drop in demand following rumours of deadly rice in circulation and...

FirstBank of Nigeria has announced an increase in its SMS transaction alert fee from ₦4 to ₦6 per SMS alert, effective May 1, 2025. The bank attributes this adjustment to...

Global sales of electric vehicles (EVs) are projected to surpass 20 million units in 2025, accounting for over 25% of all new vehicle sales, according to the latest report from...

The Nigerian National Petroleum Company Limited (NNPCL) has announced plans to resume crude oil drilling operations in Northern Nigeria, specifically at the Kolmani oil field located on the border between...

The Dangote Petroleum Refinery has firmly refuted claims by oil marketers suggesting it lacks the capacity to meet Nigeria's domestic fuel demand. In response to these assertions, the refinery emphasised...

Nigeria's public debt has surged by approximately ₦57.3 trillion over an 18-month period, escalating from ₦87.38 trillion in June 2023 to ₦144.67 trillion by December 2024. The Nigerian naira weakened...

PricewaterhouseCoopers (PwC), one of the Big Four accounting firms, is laying off approximately 1,500 employees in the United States, representing about 2% of its U.S. workforce of over 75,000. The...

Meta Platforms’ warning to suspend Facebook and Instagram operations in Nigeria has sparked concern among industry experts, who say the move could severely impact the country’s 39.6 million micro, small,...

A recent ruling by the Federal High Court in Abuja has affirmed Nigeria's status as a free market economy, dismissing a lawsuit filed by MultiChoice Nigeria against the Federal Competition...