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latest news on business and economy

Nigeria Could Have Faced N53trn Petrol Subsidy Bill Without Reform, Revenue Chief Says

August 10, 2026

Nigeria could have faced an annual petrol subsidy bill of about N53 trillion under current market conditions if President Bola Tinubu had not scrapped the scheme, Nigeria Revenue Service Chairman Zacch Adedeji

Naira Falls Against Dollar Across FX Markets

Business News

Naira Appreciates To ₦1,600 As Dollar Supply Rises

October 27, 2024

The Nigerian naira appreciated to ₦1,600 per dollar at the official market on Friday, 25 October. This shows a marginal appreciation at the official segment of the foreign exchange market when compared

Nigerian Govt Spends More On Debt Servicing Than Capital Expenditure, Personnel Costs, In Q1 2024

Finance & Economy·News

How Nigerian Govt Can Raise $50bn To Tackle Debt Burden – Expert

August 31, 2024

Chief Executive Officer of CFG Advisory, Tilewa Adebajo, has stated that the Nigerian government can raise $50 billion through sale of assets, reduce its debt burden. He warned that if the federal

Nigerian Newspapers: Top 10 Business Stories Set Off Your Thursday

News·Top Stories

Nigerian Newspapers: Top 10 Business Stories To Set Off Your Friday

December 22, 2023

Here we present to you the top 10 Business stories from Nigerian newspapers today, 22 December 2023. 1. Naira Scarcity: CBN Warns Banks, PoS Operators Against Sabotage The Central Bank of

Anambra Residents Lament As Cost Of Things Bite Harder

Business News·Finance & Economy

Christmas: Nigerians Slash Budget For Rice, Other Items As Costs Hit Harder

December 20, 2023

Rice is one of the staple foods in Nigeria and commonly consumed during festivities like Christmas but this time many are finding it difficult to get it for the celebration given the

2024 Budget: Gov Makinde Presents N434.4bn As Education Gets Highest With 20.8%

News·Politics

2024 Budget: Gov Makinde Presents N434.4bn, Education Gets Highest With 20.8%

December 5, 2023

Governor Seyi Makinde of Oyo State has presented the 2024 budget of N434.4 billion to the state assembly with Education getting the lion’s share. With a resolute focus on revamping critical sectors,

Business News·News

Naira Speculators To Burn Their Fingers As Nigerian Govt Evolves New FX Stability Measure

October 24, 2023

The Nigerian government has announced plans to automate transactions in the entire foreign exchange market in order to close wide arbitrage and punish naira speculators. This is towards ensuring that all dealings

Finance & Economy·News

Nigeria’s Economic Growth Slips As IMF Cites Oil Production Decline

October 10, 2023

The International Monetary Fund (IMF) has delivered sobering news for Nigeria’s economic prospects. In their 2023 World Economic Outlook, released during the Annual Meetings in Marrakech, Morocco, the IMF has revised Nigeria’s

Business News·News·Opinion·World News

UK Inflation Limited On Nigerians As It Posts Surprise Fall To 6.7%, Says Expert

September 20, 2023

In a surprising turn of events, the United Kingdom’s inflation rate posted an unexpected decline to 6.7% in August, leaving experts and economists reevaluating their predictions and sending ripples through global financial

Business News·News·World News

Bank Of America Bullish On Axcelis Technologies In Semiconductor Market

September 15, 2023

In a surprising turn of events, Bank of America has taken a bullish stance on Axcelis Technologies (ACLS), defying the recent market downturn and initiating coverage with a Buy rating. ACL Solutions

Forbes List: Dangote Reclaims Richest African Title From South Africa's Johann Rupert

Business News

Aliko Dangote Retains Richest Man In Africa Status With $15.6bn – Bloomberg

June 29, 2023

President of the Dangote Group, Aliko Dangote, retains the richest man status in Africa according to Bloomberg’s Billionaires Index. This is despite the volatility of the Nigerian currency against the dollar. The

Business News·News

Polaris Bank Appoints New Members Of Leadership Team

June 9, 2023

Polaris Bank has announced the appointment of two new members of its executive leadership team. Chinwe Iloghalu joins the Bank as Executive Director, Lagos and Corporate Banking and Martins Izuogbe joins the

News

$800m Loan: SERAP Threatens To Sue World Bank, Nigerian Govt

May 15, 2023

SERAP has called on the World Bank to suspend the issuance of the $800 million loan to the the Nigerian Government, saying that the Buhari administration has no justification for procuring it.

$2bn Stolen In Cryptocurrencies In 2023 - Report

Technology

Top 10 Cryptocurrencies To Invest In 2023

May 14, 2023

The article provides information on the top 10 cryptocurrencies to invest in 2023 based on various factors such as pricing, roadmaps, targets, future run, and mass appeal.

Buhari has called on African Union (AU) member countries to ratify the African Continental Free Trade Area (AfCFTA) Agreement

Africa·Finance & Economy

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latest news on business and economy

Nigeria Could Have Faced N53trn Petrol Subsidy Bill Without Reform, Revenue Chief Says

Naira Appreciates To ₦1,600 As Dollar Supply Rises

How Nigerian Govt Can Raise $50bn To Tackle Debt Burden – Expert

Nigerian Newspapers: Top 10 Business Stories To Set Off Your Friday

Christmas: Nigerians Slash Budget For Rice, Other Items As Costs Hit Harder

2024 Budget: Gov Makinde Presents N434.4bn, Education Gets Highest With 20.8%

Naira Speculators To Burn Their Fingers As Nigerian Govt Evolves New FX Stability Measure

Nigeria’s Economic Growth Slips As IMF Cites Oil Production Decline

UK Inflation Limited On Nigerians As It Posts Surprise Fall To 6.7%, Says Expert

Bank Of America Bullish On Axcelis Technologies In Semiconductor Market

Aliko Dangote Retains Richest Man In Africa Status With $15.6bn – Bloomberg

Polaris Bank Appoints New Members Of Leadership Team

Top 10 Stories From Nigerian Newspapers Today, 30th May 2023

$800m Loan: SERAP Threatens To Sue World Bank, Nigerian Govt

Top 10 Cryptocurrencies To Invest In 2023

Buhari At AU Summit, Urges All African Countries To Ratify AfCFTA Agreement

Featured Stories

UBA Opens Subscription Channel for Dangote Refinery IPO, Invites Investors to Participate

Broken System, Broken Lives – Tinubu’s Toxic Legacy

Two Group Chats, One Nigeria: Gen Z Pays The Bills, Boomers Write The Laws

Deliver Votes or Be Sacked: The New Politics in Ebonyi

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Veteran Nigerian Actor Olu Jacobs dies at 84

U.S. Announces Visa Restrictions over South Africa Race, Land Policies

DR Congo Police Disperse Protests over Proposed Constitutional Changes

Sepehran Boeing 737 Makes Emergency Landing in Iran After Tyre Failure

UBA Opens Subscription Channel for Dangote Refinery IPO, Invites Investors to Participate

Top 5 Best-Performing Industrial Goods Stocks In Q1 2026

Naira Weakens Against Dollar, Gains On Pound, Euro In Official Market

Q1 2026: Four Pharma Stocks Reward Investors, One Bleeds N14.8bn

Veteran Nigerian Actor Olu Jacobs dies at 84

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