Business

CBN Monetary Policy Committee Meets to Decide on Interest Rates as Inflation Drops

Business

| 19-05-2025

CBN Monetary Policy Committee Meets to Decide on Interest Rates as Inflation Drops

The Central Bank of Nigeria's Monetary Policy Committee begins its two-day meeting to deliberate on key economic parameters as inflation drops to 23.7 percent in April amid naira exchange ra

Nigeria's Inflation Rate Eases to 23.71% in April Amid Currency and Energy Pressures

Business

| 19-05-2025

Nigeria's Inflation Rate Eases to 23.71% in April Amid Currency and Energy Pressures

Nigeria's headline inflation slowed to 23.71% in April from 24.23% in March, with food inflation at 21.26% and core inflation at 23.39%, as the country grapples with currency depreciation an

Flutterwave Named Among Top 100 Cross-Border Payment Companies Globally

Business

| 18-05-2025

Flutterwave Named Among Top 100 Cross-Border Payment Companies Globally

Africa's leading payments technology company, Flutterwave, has been recognized on FXC Intelligence's Top 100 Cross-Border Payment Companies list for the second consecutive year, alongside gl

SON Commits to Rigorous Product Compliance Monitoring After Certifying Segmax Oil

Business

| 18-05-2025

SON Commits to Rigorous Product Compliance Monitoring After Certifying Segmax Oil

Standards Organisation of Nigeria (SON) has reinforced its commitment to product integrity and compliance monitoring after awarding MANCAP certification to Segmax Oil Nigeria Limited, a lubr

Naira Depreciates to N1,635 Against Dollar in Black Market Despite Official Gains

Business

| 17-05-2025

Naira Depreciates to N1,635 Against Dollar in Black Market Despite Official Gains

The Nigerian naira weakened against the US dollar in the parallel market, closing at N1,635 on Friday from N1,625 on Thursday, while showing marginal gains in the official market ahead of CB

Ogun Customs Command Generates ₦15.2bn Revenue in First Quarter of 2025

Business

| 17-05-2025

Ogun Customs Command Generates ₦15.2bn Revenue in First Quarter of 2025

The Nigeria Customs Service Ogun II Area Command has announced a significant 40% increase in revenue generation, collecting ₦15.2 billion in the first quarter of 2025 compared to ₦9.2bn in 2

Nigeria Attracts $300 Million Investment in Creative Sector, Plans 2 Million Jobs

Business

| 17-05-2025

Nigeria Attracts $300 Million Investment in Creative Sector, Plans 2 Million Jobs

Minister of Art, Culture and Creative Economy, Hannatu Musawa, announces $300 million investment commitment in Nigeria's creative sector with plans to generate 2 million jobs through new ini

TAG Unveils 'Uncharted Waters' Report on Nigeria's Afrobeats Economy and Global Impact

Business

| 17-05-2025

TAG Unveils 'Uncharted Waters' Report on Nigeria's Afrobeats Economy and Global Impact

TAG's groundbreaking report reveals how Nigeria's globally successful Afrobeats industry lacks proper financial structures despite its cultural dominance, with Lagos nightlife playing a cruc

Business

| 17-05-2025

KIRS Urges Rural Business Owners to Embrace E-Tax Platform for Easier Payment

Kano Internal Revenue Service encourages rural entrepreneurs to adopt the new e-tax system for convenient tax payments, promising easier, faster, and more transparent processes for taxpayers

Benue, Ekiti, Kebbi Record Highest Food Inflation Rates in Nigeria - NBS Report

Business

| 17-05-2025

Benue, Ekiti, Kebbi Record Highest Food Inflation Rates in Nigeria - NBS Report

The National Bureau of Statistics has identified Benue, Ekiti, and Kebbi as the states with the highest year-on-year food inflation rates in Nigeria, with Benue topping at 51.76 percent.

Naira Appreciates Against Dollar at Black Market, First Gain This Week

Business

| 17-05-2025

Naira Appreciates Against Dollar at Black Market, First Gain This Week

The Nigerian naira has recorded its first appreciation this week against the US dollar in the parallel market, strengthening to ₦1,625 per dollar while slightly depreciating in the official

BUA Chairman Vows to Further Crash Rice Prices, Warns Hoarders After Meeting Tinubu

Business

| 17-05-2025

BUA Chairman Vows to Further Crash Rice Prices, Warns Hoarders After Meeting Tinubu

Abdul Samad Rabiu, Chairman of BUA Group, has pledged to continue reducing rice prices in Nigeria, which have already fallen from N110,000 to N60,000 per 50kg bag, while warning against hoar

Cosmas Maduka: 'Every Man Should Own a House by Age 30, I Made $2M at 24'

Business

| 17-05-2025

Cosmas Maduka: 'Every Man Should Own a House by Age 30, I Made $2M at 24'

Nigerian business mogul Cosmas Maduka claims he made his first $2 million at 24 and states that 86% of successful people achieve success between ages 12-28, advising men to own homes by 30.

Court Dismisses Lafarge's Objection in Suit Over Planned Sale to Chinese Firm Huaxin

Business

| 17-05-2025

Court Dismisses Lafarge's Objection in Suit Over Planned Sale to Chinese Firm Huaxin

A Federal High Court in Lagos has dismissed Lafarge Africa's preliminary objection in a lawsuit challenging its proposed sale of 83.81% shares to Chinese firm Huaxin Cement Limited.

Nigeria's Inflation Rate Drops to 23.7% in April, Food Inflation at 21.26%

Business

| 17-05-2025

Nigeria's Inflation Rate Drops to 23.7% in April, Food Inflation at 21.26%

Nigeria's inflation rate has eased to 23.71% in April 2025 from 24.23% recorded in March, according to the National Bureau of Statistics. The food inflation rate stood at 21.26% year-on-year

NGX Extends Bullish Run as Investors Gain N186 Billion in Wednesday Trading

Business

| 17-05-2025

NGX Extends Bullish Run as Investors Gain N186 Billion in Wednesday Trading

The Nigerian Exchange Limited continued its impressive bullish trend on Wednesday as market capitalization rose by N186 billion to close at N68.543 trillion, driven by strong buying interest

Nigeria's Industrialization Struggles Linked to Oil Dependence, Says AfDB Advisor

Business

| 17-05-2025

Nigeria's Industrialization Struggles Linked to Oil Dependence, Says AfDB Advisor

Professor Banji Oyelaran-Oyeyinka, Special Advisor to the AfDB President, identifies overreliance on oil exports and lack of economic diversification as key factors hindering Nigeria's indus

World Bank Reveals NNPCL Failed to Remit N500 Billion to Federation Account in 2024

Business

| 17-05-2025

World Bank Reveals NNPCL Failed to Remit N500 Billion to Federation Account in 2024

The World Bank has disclosed that NNPCL remitted only 50% of revenue gains from fuel subsidy removal to Nigeria's Federation Account, leaving N500 billion unaccounted for in 2024.

Naira Appreciates Drastically Against Dollar at Official FX Market, Trades at ₦1,596.7

Business

| 17-05-2025

Naira Appreciates Drastically Against Dollar at Official FX Market, Trades at ₦1,596.7

The Nigerian naira strengthened significantly against the US dollar at the official foreign exchange market on Wednesday, appreciating by ₦3.33 to close at ₦1,596.7 per dollar from Tuesday's

UK Hails Nigeria as 'Increasingly Investible' Market, Cites Economic Reforms

Business

| 17-05-2025

UK Hails Nigeria as 'Increasingly Investible' Market, Cites Economic Reforms

British High Commissioner Richard Montgomery praises Nigeria's economic reforms under President Tinubu's administration, highlighting stable naira and rising foreign exchange reserves as key

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Business

CBN Monetary Policy Committee Meets to Decide on Interest Rates as Inflation Drops

Business

Nigeria's Inflation Rate Eases to 23.71% in April Amid Currency and Energy Pressures

Business

Flutterwave Named Among Top 100 Cross-Border Payment Companies Globally

Business

SON Commits to Rigorous Product Compliance Monitoring After Certifying Segmax Oil

Business

Naira Depreciates to N1,635 Against Dollar in Black Market Despite Official Gains

Business

Ogun Customs Command Generates ₦15.2bn Revenue in First Quarter of 2025

Business

Nigeria Attracts $300 Million Investment in Creative Sector, Plans 2 Million Jobs

Business

TAG Unveils 'Uncharted Waters' Report on Nigeria's Afrobeats Economy and Global Impact

Business

KIRS Urges Rural Business Owners to Embrace E-Tax Platform for Easier Payment

Business

Benue, Ekiti, Kebbi Record Highest Food Inflation Rates in Nigeria - NBS Report

Business

Naira Appreciates Against Dollar at Black Market, First Gain This Week

Business

BUA Chairman Vows to Further Crash Rice Prices, Warns Hoarders After Meeting Tinubu

Business

Cosmas Maduka: 'Every Man Should Own a House by Age 30, I Made $2M at 24'

Business

Court Dismisses Lafarge's Objection in Suit Over Planned Sale to Chinese Firm Huaxin

Business

Nigeria's Inflation Rate Drops to 23.7% in April, Food Inflation at 21.26%

Business

NGX Extends Bullish Run as Investors Gain N186 Billion in Wednesday Trading

Business

Nigeria's Industrialization Struggles Linked to Oil Dependence, Says AfDB Advisor

Business

World Bank Reveals NNPCL Failed to Remit N500 Billion to Federation Account in 2024

Business

Naira Appreciates Drastically Against Dollar at Official FX Market, Trades at ₦1,596.7

Business

UK Hails Nigeria as 'Increasingly Investible' Market, Cites Economic Reforms

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