Business

The naira on Monday maintained its stability across segments of the foreign exchange (FX) market as Nigeria’s external reserves crossed the $45 billion mark, according to updated figures on the Central …

Nigeria’s steel and metals sector is under siege and the Manufacturers Association of Nigeria (MAN) is raising the alarm. The Basic Metals, Iron and Steel Group of MAN said some …

The Corporate Affairs Commission (CAC) has threatened a fresh clampdown on unregistered Point of Sale (POS) operators in Nigeria from 1st January 2026. The Commission said it observed a rising …

The Nigeria Deposit Insurance Corporation (NDIC), has reaffirmed the corporation’s commitment to safeguarding depositors’ funds and promoting financial system stability nationwide. Oludare-Sunday The managing director of the NDIC stated this …

The Federal Inland Revenue Service (FIRS) has stated that Nigeria’s newly enacted tax laws are designed to strengthen economic competitiveness, attract investments and improve long-term fiscal stability. The agency also …

The Central Bank of Nigeria (CBN) has removed all limits on cash deposits and significantly increased weekly cash withdrawal thresholds for individuals and businesses.  The move marks one of the …

French oil major TotalEnergies has agreed to sell a 40% stake in its Nigerian offshore exploration licences to Star Deep Water Petroleum Limited, a subsidiary of US energy giant Chevron, …

President/Chief Executive, Dangote Industries Limited, Aliko Dangote, has criticised the crude supply practices of international oil companies, insisting that Nigeria has no justification for importing crude or refined petroleum products …

Dangote Petroleum Refinery has announced plans to supply one billion five hundred million litres of Premium Motor Spirit (PMS) monthly to the Nigerian market in December 2025 and January 2026, …

Nigeria’s external position has strengthened significantly, with the current account balance rising 85% to $5.28 billion in Q2 2024, Central Bank of Nigeria (CBN) Governor Olayemi Cardoso said on Friday. …