Business & Economy
Naira Slips at Official Market, Gains in Black Market to Start the Week
ABUJA — The naira began the week on a shaky note at the official foreign exchange market, sliding against the U.S. dollar despite ...
Business & Economy
Food Prices Still Soaring Despite Four Straight Months of Falling Inflation — CPPE
LAGOS — The Centre for the Promotion of Private Enterprise (CPPE) has raised concerns that food prices remain stubbornly high despite Nigeria recording ...
Business & Economy
NNPCL Slashes Petrol Price to ₦890/Litre in Abuja Amid Dangote Refinery Adjustment
ABUJA — The Nigerian National Petroleum Company Limited (NNPCL) has reduced the pump price of Premium Motor Spirit (PMS) at its retail outlets ...
Business & Economy
Nigeria’s Fuel Consumption Drops Sharply in June — Over 290 Million Litres Decline Recorded
ABUJA — The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has reported a significant drop in the nation’s fuel consumption for June ...
Business & Economy
Dangote Refinery Cuts Petrol Price
The Dangote Petroleum Refinery has slashed the ex-depot price of Premium Motor Spirit (PMS), also known as petrol, by N30 — from N850 ...
Business & Economy
World Bank Approves $300m Loan to Support 7.4 Million Displaced Nigerians in the North
The World Bank has approved $300 million in financing to assist up to 7.4 million Nigerians living in internally displaced persons (IDP) camps ...
Business & Economy
Nigeria’s FDI Plunges 70% in Q1 2025 Despite Surge in Capital Inflows
Foreign direct investment (FDI) into Nigeria fell sharply by 70.06 percent quarter-on-quarter to $126.29 million in the first quarter of 2025, according to ...
Business & Economy
Petrol Hits ₦945 as NNPCL Hikes Price Again — Second Increase in Four Days
ABUJA — The Nigerian National Petroleum Company Limited (NNPCL) has once again increased the pump price of Premium Motor Spirit (PMS) across its ...
Business & Economy
Dangote Refinery Hikes Petrol Ex-Depot Price
The Dangote Petroleum Refinery has raised the ex-depot price of Premium Motor Spirit (PMS) to N850 per litre, up from N820 — a ...
Business & Economy
Adesina: Africa Has Massive Renewable Energy, Yet 600 Million Lack Electricity
LAGOS — Dr. Akinwumi Adesina, outgoing President of the African Development Bank (AfDB), has decried the irony of Africa possessing some of the ...