Business & Economy

Nigeria faces a potential blow to its crude oil revenue as Indonesia, a key importer, announced plans to reduce purchases from foreign suppliers while boosting imports of U.S. crude oil...

Nigeria's Securities and Exchange Commission has renewed its caution to citizens, declaring that all investment and digital asset platforms not registered with the commission are operating unlawfully. This advice follows...

Temitola Adekunle Johnson, special adviser to the president on job creation and MSMEs, announced that the federal government plans to launch a de-risking fund in May targeted at making loans...

At the 36th CBN Seminar for Finance Correspondents and Business Editors in Abuja yesterday, the Deputy Governor of Corporate Services of the bank, Emem Usoro, represented by the Acting Director...

Adegboyega Oyetola, Nigeria's Minister of Marine and Blue Economy, has instructed the Nigerian Maritime Administration and Safety Agency (NIMASA) to initiate procedures aimed at finally disbursing the long-awaited Cabotage Vessel...

Over the past week, the exchange rate of the US dollar to Nigerian nairas has not been stable. The US dollar rate is ₦1,604.4809, as announced by the Central Bank...

According to Fitch Ratings, Nigeria is projected to spend $5.2 billion on external debt servicing in 2025. The credit rating agency disclosed this in its latest rating action commentary published...

United Bank for Africa (UBA) Plc has launched its significantly upgraded Point of Sale (POS) Terminal and the UBA MONI App, aiming to revolutionize the digital payments ecosystem and strengthen...

Nigeria and Tanzania are set to deepen their diplomatic and economic relationship with the proposed launch of direct flights between both countries. Nigeria’s Minister of Aviation and Aerospace Development, Festus...

The Nigerian Gas Association (NGA) has confirmed its active participation in the upcoming 29th World Gas Conference (WGC2025), scheduled to be held in Beijing, China, from May 19–23, 2025. Speaking...