Business

The Nigerian Naira took another hit in the official foreign exchange market, trading at N1,498.98 to a Dollar on Monday. The latest figures from the Central Bank of Nigeria (CBN)…

Nigeria has lost over $25.7 billion to crude oil theft between 1999 and 2022, according to a new report that shocked the energy industry. This staggering loss spans 23 years,…

The Nigerian naira showed a glimmer of resilience on Wednesday, January 22, 2025, as it recorded modest gains against the US dollar in both the official and parallel markets. This…

The Dangote Refinery has officially commenced gasoline export, marking a major milestone in Nigeria’s oil and gas sector. This development, confirmed by company executives on Monday, signals Nigeria’s transition from…

The Dangote Refinery, a 650,000 barrels-per-day (bpd) facility in Lagos, Nigeria, has been described as a “world miracle” by Masahiro Tsuno, Managing Director of Limited, during a recent visit by…

Nigeria’s technology and energy sectors converged in a single dramatic week of business headlines, producing a debate that cuts to the core of the country’s economic future. Moniepoint CEO Tosin…

The Nigerian stock market has achieved a remarkable feat in 2024, closing with a striking 37.65% gain. The All-Share Index surged, fueled by substantial growth in mid and large-cap stocks.…

The National Information Technology Development Agency (NITDA) has reaffirmed the pivotal role of data in accelerating Nigeria’s transition to a sustainable digital economy. Speaking at the 2024 Digital Nigeria Innovation…

The Central Bank of Nigeria (CBN) has intensified its efforts to tackle the illegal trade of naira notes, imposing a hefty fine of ₦150 million on Deposit Money Banks (DMBs)…

Nigeria’s imported food inflation reached a staggering 42.29% in November 2024, according to the latest Consumer Price Index report from the National Bureau of Statistics. This sharp rise reflects a…