Business & Economy
Foreign Investment in Nigeria Surges 67% in Q1 2025, Hits $5.64 Billion — NBS
ABUJA — Nigeria recorded a major rebound in foreign capital inflow in the first quarter of 2025, with total capital importation soaring by ...
Business & Economy
NNPCL Hikes Petrol Price to N955/Litre
The Nigerian National Petroleum Company Limited (NNPCL) has increased the pump price of Premium Motor Spirit (PMS), also known as petrol, to N955 ...
Business & Economy
Petrol May Hit N900/Litre as Crude Price Stays High, OPEC+ Ups Output
The pump price of Premium Motor Spirit (PMS), popularly known as petrol, may rise to N900 per litre this week as international crude ...
Business & Economy
Nigeria’s Rebasing of GDP Marks Major Economic Milestone – CPPE
The Centre for the Promotion of Private Enterprise (CPPE) has described Nigeria’s recently rebased Gross Domestic Product (GDP) as a landmark development in ...
Business & Economy
Fresh $21bn Loan Sparks Nationwide Debate as Nigeria’s Debt Hits ₦144.67tn
Nigerians have expressed mixed reactions following the Senate’s approval of President Bola Ahmed Tinubu’s fresh external borrowing plan totaling over $21 billion for ...
Business & Economy
Marketers Back Dangote Refinery But Warn: ‘Don’t Kill Competition’
Petroleum product marketers have reaffirmed their support for the 650,000 barrels per day Dangote Refinery while calling on the Federal Government to guarantee ...
Business & Economy
NNPC Boss Describes Early Operation of Port Harcourt Refinery as “Ill-Informed”
After spending $1.5 billion on the rehabilitation of the Port Harcourt Refinery, the Group Chief Executive Officer of the Nigerian National Petroleum Company ...
Business & Economy
IMF Raises Nigeria’s Economic Growth Forecast to 3.4% in Latest Outlook
The International Monetary Fund (IMF) has revised Nigeria’s economic growth forecast for 2025 upward to 3.4 per cent, representing an increase of 0.4 ...
Business & Economy
Dangote Refinery Withdraws N100 Billion Lawsuit Against NMDPRA, NNPC, and Petroleum Marketers
Dangote Petroleum Refinery and Petrochemicals has formally withdrawn its N100 billion lawsuit against the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), the ...
Business & Economy
IMF Raises Nigeria’s 2025 Economic Growth Forecast to 3.4%
The International Monetary Fund (IMF) has revised its 2025 economic growth projection for Nigeria upward to 3.4 percent, reflecting increased optimism about the ...