Business
News from Nigeria
A sun goddess, hundreds of devotees – and polluted water: the Nigerian festival threatened by gold mining
Each year, people from across the world gather in a grove sacred to the Yoruba goddess Osun to be healed, conc…
Ten Ways Uber Shutdown Will Affect Nigeria’s Economy
Uber’s decision to discontinue its ride-hailing operations in Nigeria after 12 years is set to create ripples …
IPMAN To Adjust Petrol Prices As Dangote Refinery Raises Depot Cost
The Independent Petroleum Marketers Association of Nigeria has said filling stations in the Federal Capital Te…
Dangote Cement sets date for London capital markets day ahead of LSE listing
The move is the next phase of Dangote Cement’s bid to secure a quicker pathway to international capital and fo…
Royal Exchange appoints Geoffrey Ohen as non-executive director
The Royal Exchange stated that Mr Ohen is expected to support its strategic leadership and expansion initiativ…
NNPCL revenue, profit after tax drop significantly to N3.08tn, N279bn
The Nigerian National Petroleum Company Limited, NNPCL, recorded a significant decline in revenue and profit a…
Uber exits Nigeria after 12 years of operation
But the ride-hailing company said the decision to exit Nigeria is unrelated to the recent FAAN directive conce…
SEC Proposes N5bn Capital, 30% Local Ownership For Forex Operators
The Securities and Exchange Commission (SEC) is seeking to tighten oversight of Nigeria’s retail forex and Con…
SSS, Police investigating those behind viral shutdown claim – OPay
“OPay is going nowhere. The message that is circulating online is false. It did not come from OPay. There is n…
Real reason for latest fuel price increase in Nigeria – IPMAN, PETROAN
The Independent Petroleum Marketers Association of Nigeria, IPMAN and the Petroleum Products Retail Outlets Ow…
NMDPRA, FCCPC should clamp down on anti-competitive fuel pricing in Nigeria – PETROAN
The Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN and the Independent Petroleum Mar…
FG should provide intervention to Dangote Refinery to reduce fuel price – IPMAN
The Independent Petroleum Marketers Association of Nigeria, IPMAN, has appealed to the Federal Government to i…
Champion Breweries appoints Malolan Sampath as MD/CEO
The company said its appointment comes as it enters a new phase of growth and transformation. The post Champio…
NNPC records decline in oil, gas output in July as disruptions hit operations
The decline in production came despite NNPC’s ongoing efforts to improve output and sustain operational effici…
How the naira rallied against the dollar for one week
The naira strengthens to ₦1,329 against the US dollar, buoyed by increased external reserves and renewed inves…
FCMB honoured by ISACA for advancing digital trust
First City Monument Bank (FCMB) has been honoured by the Lagos Chapter of the Information Systems Audit and Co…
Profit-Taking, Attractive Fixed-Income Assets Drag NGX Down 0.44%
The Nigerian Exchange Limited (NGX) closed August on a bearish note, with the market capitalisation of listed …
Tinubu’s govt targets $1trn economy by 2030 as GDP growth hits 4.43%
The Federal Ministry of Finance has said the Nigerian economy expanded by 4.43 per cent year-on-year in the se…
Nigerian govt retains $300 helicopter levy per landing
The Nigerian government has retained its $300 helicopter levy per landing for oil and gas upstream operators a…
TCN announces blackout in Kogi, gives reasons
The Transmission Company of Nigeria, TCN, has announced a power supply disruption in parts of Kogi State on Tu…
GDP Growth Puts Nigeria On Path To $1trn Economy, Says FG
The Federal Government has said Nigeria’s stronger economic growth is putting the country on course to achieve…
Nigerians react as GDP growth hits 4.43 percent
Nigerians have questioned the impact of Nigeria’s economic growth after the country’s Gross Domestic Product, …
26 ships carrying petroleum products, food items expected at Lagos ports
The Nigerian Ports Authority, NPA, has announced that 26 vessels laden with petroleum products, food commoditi…
Dollar to Naira exchange rate Today, August 31, 2026: Naira extends appreciation into September
The naira continued its appreciation against the dollar at the official market on Monday, ending August on a p…
See how much Nigerians abroad sent to loved ones in July
Nigeria's remittance inflows hit a record $947 million in July 2026, nearing the CBN's $1 billion target, with…
Nigeria’s economy grows 4.43% in Q2 2026 — NBS
Nigeria’s economy expanded faster in the second quarter of 2026, supported by improved performances in the oil…
BUA Chairman Rabiu hosts UAE Consul General Aljaberi in Lagos, discusses new opportunities
Chairman of BUA Group, Abdul Samad Rabiu (CFR), has hosted the Consul General of the United Arab Emirates (UAE…
PZ Cussons’ Tax Bill Jumps 388% To N32.15bn Despite Profit Surge
PZ Cussons Nigeria Plc recorded a sharp increase in its income tax expense in the 2026 financial year, with it…
Find out more as Nigerian economy grows at fastest pace in 5 years
Nigeria’s economy grew 4.43% in Q2 2026, driven by agriculture, ICT, finance, oil, construction and other sect…
Nigeria’s Economy Expands By 4.43% In Q2 — NBS
Nigeria’s Gross Domestic Product (GDP) grew by 4.43 per cent year-on-year in real terms in the second quarter …
PZ Cussons Nigeria to pay shareholders N9.9 billion dividend after four-year pause
The compensation package also offers an alternative of receiving shares instead of dividends to those who pref…
OPay debunks viral claim of September shutdown, urges customers to disregard post
“OPay is not going on break in September. We’re here, and we’re going nowhere! True OPay users know how to ide…
Petrol Is Eating Deep Into Our Livelihoods, FCT Motorists Lament
Some motorists in the Federal Capital Territory (FCT) have expressed concerns over the high pump price of Prem…
NNPCL increases fuel price by N75/Litre
The Nigerian National Petroleum Company Limited, NNPCL has increased its Premium Motor Spirit, PMS pump price.…
Nigerian filling stations increase fuel prices again
The mega refinery had also threatened to export its petroleum products and halt sales to petrol importers and …
Investors rush to buy as CBN sales N4.72 trillion OMO bills to boost naira
The CBN auctions N4.73 trillion in OMO bills to reduce liquidity and boost the naira's value, drawing strong i…
Nigerian bank using technology to reshape agriculture
For decades, agriculture in Nigeria operated in a paradox. It contributed significantly to the economy, employ…
Zenith Bank, MTN Nigeria, AXA Mansard top stock pick this week
This is not a buy, sell or hold recommendation but a stock investment guide. You may need to involve your fina…
Nigeria records highest diaspora remittance inflow — CBN
Nigeria recorded $947 million in remittance inflows through International Money Transfer Operators, IMTOs in J…
Fresh Investments, Tantita’s Pipeline Security Raise Hope For 2.5mbpd Oil Target
Nigeria’s ambition to raise crude oil production to 2.5 million barrels per day (bpd) is gaining momentum as t…