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Business

214 articles
Nigeria's Reserves Hit 17-Year High as Reforms Show Economic Traction

Nigeria's Reserves Hit 17-Year High as Reforms Show Economic Traction

Foreign exchange reserves have climbed to $53.11 billion, a level not seen in 17 years, as the Tinubu administration's economic reforms begin to yield tangible results. The nation's economy grew 4.43% in Q2 2026, signalling a move from stabilisation to momentum.
Dangote Refinery Eyes ₦2.15 Trillion IPO After SEC Green Light

Dangote Refinery Eyes ₦2.15 Trillion IPO After SEC Green Light
NNPC Profit Halved as Revenue Plummets 29.6% in July

NNPC Profit Halved as Revenue Plummets 29.6% in July
FRC Ends Multiple Filings With New National Repository
Business

FRC Ends Multiple Filings With New National Repository
Nestoil Pumps $28m Into Drilling Rigs to Boost Nigeria's Oil Output
Business

Nestoil Pumps $28m Into Drilling Rigs to Boost Nigeria's Oil Output
Court Stops NMDPRA From Shutting Down Dangote Refinery Operations
Business

Court Stops NMDPRA From Shutting Down Dangote Refinery Operations
Ibom Air Denies Airport Monopoly Amidst Fury Over N227,000 Uyo Flight Fare
Business

Ibom Air Denies Airport Monopoly Amidst Fury Over N227,000 Uyo Flight Fare
Fuel Imports Surge 207% Despite Local Refineries Running Hot, CPPE Warns of Economic Damage
Business

Fuel Imports Surge 207% Despite Local Refineries Running Hot, CPPE Warns of Economic Damage
Dangote Refinery Threatens to Cut Off Major Marketers Over Fuel Quality Fears
Business

Dangote Refinery Threatens to Cut Off Major Marketers Over Fuel Quality Fears
Petrol Price Jumps to N1,212/Litre Despite Global Crude Drop
Business

Petrol Price Jumps to N1,212/Litre Despite Global Crude Drop
Nigeria's Refineries Gobble Foreign Crude as Local Supply Dries Up
Business

Nigeria's Refineries Gobble Foreign Crude as Local Supply Dries Up
Nigeria's Oil Exports Skyrocket Sevenfold Thanks to Dangote Refinery
Business

Nigeria's Oil Exports Skyrocket Sevenfold Thanks to Dangote Refinery
Universal Insurance Sues NAICOM, Fights Licence Revocation in Court
Business

Universal Insurance Sues NAICOM, Fights Licence Revocation in Court
Nigeria's Petrol Supply Dips 20.6% in July as Imports Struggle to Fill Gap
Business

Nigeria's Petrol Supply Dips 20.6% in July as Imports Struggle to Fill Gap
Cement Prices Under Scrutiny as FCCPC Probes Alleged Market Manipulation
Business

Cement Prices Under Scrutiny as FCCPC Probes Alleged Market Manipulation
MultiChoice Nigeria Now French-Owned, CEO Kemi Omotosho Clarifies
Business

MultiChoice Nigeria Now French-Owned, CEO Kemi Omotosho Clarifies
US Battery Startups Find New Life Powering War Machines After EV Slump
Business

US Battery Startups Find New Life Powering War Machines After EV Slump
Ero-Arike Workers Plead: Don't Boycott Balm Over Owner's Politics
Business

Ero-Arike Workers Plead: Don't Boycott Balm Over Owner's Politics
Tesla, SpaceX to Invest $16.8 Billion in Texas Chip Factory
Business

Tesla, SpaceX to Invest $16.8 Billion in Texas Chip Factory
Oando Records N2.1 trillion Half-Year Revenue
Business

Oando Records N2.1 trillion Half-Year Revenue
Palantir CEO Alex Karp Calls AI Industry 'Marxist', Warns Enterprises
Business

Palantir CEO Alex Karp Calls AI Industry 'Marxist', Warns Enterprises
BUA Foods’ Assets Rise to N1.67tn Amid 16% Revenue Decline
Business

BUA Foods’ Assets Rise to N1.67tn Amid 16% Revenue Decline
Index Ventures Raises $2B Across Three Funds
Business

Index Ventures Raises $2B Across Three Funds
Tesla May Sell China Business Ahead of SpaceX Merger
Business

Tesla May Sell China Business Ahead of SpaceX Merger