Business & Economy

Billionaire Aliko Dangote has described his $23 billion Dangote Refinery as the “biggest risk” of his life, acknowledging the immense challenges he faced in bringing the project to completion. In...

Nigeria’s consumer credit outstanding surged by 26.29% in November 2024, reaching N4.42 trillion, up from N3.5 trillion in October. This significant rise, as reported by the Central Bank of Nigeria...

The Naira appreciated in the parallel market yesterday, strengthening to N1,555 per dollar from N1,570 per dollar recorded last Friday. However, in the Nigerian Foreign Exchange Market (NFEM), the local currency depreciated slightly, trading at N1,512...

The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has called for urgent and aggressive measures to diversify Nigeria’s economy beyond oil dependence.   Speaking at the...

As Nigeria moves to implement its N54.9 trillion 2025 budget, economic experts warn that former U.S. President Donald Trump’s pro-oil policies could jeopardize the country’s revenue projections. The budget is...

The Nigerian National Petroleum Company Limited (NNPCL) has firmly denied allegations that it sells substandard petrol with a high burn rate. The company issued a statement on Saturday through its...

The Central Bank of Nigeria (CBN) has clarified that Nigerians withdrawing less than N20,000 from another bank’s ATM will incur a N100 fee per transaction. This was detailed in an...

Aliko Dangote, President of Dangote Group, has reaffirmed the company’s determination to eliminate Nigeria’s reliance on raw sugar imports by investing over $700 million in local sugar production. Speaking at...

The Nigerian Export Promotion Council (NEPC) has announced that Nigeria’s trade volume in 2024 reached 7.2 metric tons, with a 20.7% increase in export value, totaling $5.45 billion. Speaking at...

The Secretary to the Government of the Federation (SGF), Senator George Akume, has announced that Nigerians must possess a National Identification Number (NIN) to access social services and benefit from...