Business News

Nigeria and Brazil revitalised their bilateral relations by signing a renewed Bilateral Air Services Agreement (BASA), marking a significant advancement in diplomatic and economic cooperation between the two nations. The...

On May 7, 2025, the African Export-Import Bank (Afreximbank) officially launched the Africa Film Fund, a transformative initiative committing up to $1 billion to bolster the continent's film and creative...

ExxonMobil has announced a $1.5 billion investment to revitalize its deepwater oil operations in Nigeria, focusing on the Usan oilfield located in offshore block OML 138 in the eastern Niger...

The naira appreciated to ₦1,600 per dollar in the parallel market on Monday, strengthening from ₦1,610 recorded over the weekend. Similarly, in the Nigerian Foreign Exchange Market (NFEM), the naira...

The Central Bank of Nigeria (CBN) spent a staggering ₦315.18 billion on currency issue expenses in 2024, a dramatic 306% surge from the ₦77.67 billion recorded in 2023. The apex...

Aliko Dangote, Africa's richest man and President of the Dangote Group, has reiterated his accusations against powerful interests in Nigeria's oil sector, alleging ongoing sabotage of his $20 billion refinery...

The Nigerian National Petroleum Company Limited (NNPCL) has reduced the pump price of Premium Motor Spirit (petrol) to ₦910 per litre at its retail outlets. This marks a ₦25 decrease...

Nigeria is on track to fully repay its International Monetary Fund (IMF) Rapid Financing Instrument (RFI) loan by 2029, according to recent reports. In April 2020, the IMF approved Nigeria’s...

Guaranty Trust Holding Company Plc (GTCO) has announced a Profit Before Tax (PBT) of ₦300.4 billion for the first quarter ended March 31, 2025, reflecting a strong start to the...

​Applications are now open for iHatch Cohort 4, a fully remote, government-backed startup incubation program designed to support Nigerian entrepreneurs in transforming innovative ideas into scalable businesses. The program is...