Business & Economy
Naira in Circulation Drops to N5tn in March Amid CBN’s Tightening Measures
The total amount of naira in circulation fell to N5 trillion in March 2025, marking a steady decline from N5.04 trillion in February ...
Business & Economy
IMF Cuts Nigeria’s 2025 Growth Forecast to 3.0% Amid Falling Oil Prices
The International Monetary Fund (IMF) has downgraded Nigeria’s economic growth forecast for 2025 to 3.0%, citing declining global crude oil prices as a ...
Business & Economy
Fuel Stations Shut Down as Dangote Refinery Cuts Prices
Several filling stations and petroleum product marketers, including partners of Dangote Refinery, have temporarily halted operations following the refinery’s latest reduction in the ...
Business & Economy
IMF to Debt-Ridden Nations: Restructure Now or Risk Collapse
As global economic uncertainty intensifies, the International Monetary Fund (IMF) has issued a stark warning to heavily-indebted nations: restructure your debts or face ...
Business & Economy
FG to Pay N2 Trillion to Power Firms to Avert Blackout
In a decisive move to prevent the shutdown of electricity generation across the country, the Federal Government has pledged to settle at least ...
Business & Economy
Marketers Face Billions in Losses as Dangote Refinery Slashes Petrol Prices Again
Petroleum marketers across Nigeria are bracing for significant financial losses following another sharp reduction in the ex-depot price of Premium Motor Spirit (PMS) ...
Business & Economy
Marketers Blame Forex, For But Petrol Stays High
Despite a sharp decline in global crude oil prices, Nigerians are yet to enjoy any significant relief at the pump, as petrol prices ...
Business & Economy
Naira Gains in Parallel Market
The naira recorded mixed performance across forex markets on Tuesday, appreciating slightly in the parallel market while weakening at the official window. In ...
Business & Economy
FG Targets End to Solar Panel Imports as Local Production Gains Momentum in Lagos
The Federal Government has reiterated its commitment to ending the importation of photovoltaic (PV) solar panels, citing over ₦200 billion spent on imports ...
Business & Economy
OPEC Revises 2025 Oil Demand Growth Forecast, Cites Trade Tensions and U.S. Tariffs
The Organisation of the Petroleum Exporting Countries (OPEC) has slightly lowered its oil demand growth forecast for 2025, attributing the adjustment to global ...