BUSINESS
Nigeria’s $632M Loan Request Set For Approval By World Bank Today
Amid growing concerns over Nigeria's increasing debt profile, the World Bank is scheduled to approve new loans totaling $632 million to the country today...
MRS Oil Emerges As Nigeria’s Downstream Market Leader After Dangote Refinery Deal
A groundbreaking fuel supply and distribution deal between Dangote Refinery and MRS Oil Nigeria Plc has propelled MRS Oil to the top of Nigeria’s...
Global Trade War: Naira Value Depreciates Amid Forex Outflows
The ongoing tariff war between the United States and certain nations has created uncertainty, which has caused foreign exchange to leave Nigeria and caused...
Bitcoin Dips To $80K Amid Trump Policy Debate
The cryptocurrency market has seen a significant decline, with its total value dropping by 7% to around $2.77 trillion. Leading digital assets, including Bitcoin, Ethereum,...
Nigeria Expands Economic Relations With Germany To Create Jobs, Investments
The Nigerian Federal Government is fortifying its relationship with Germany in an effort to encourage foreign direct investment and boost economic expansion. The Minister of...
Naira Depreciates 1.4% Amid CBN’s FX Sales Deadline Extension
At the official market on Monday, the value of the naira dropped, trading at N1,495.60 to the US dollar. Data from the FMDQ Security Exchange...
FG Urged To Embrace Asset-Based Financing For Economic Growth
The Federal Government (FG) of Nigeria has been advised to switch from its current output-based financing model to an asset-based one in light of...
Dangote Refinery Reduces Petrol Price To N890 Per Litre, Offers Relief To Nigerians
In a move expected to ease the financial burden on Nigerians, Dangote Petroleum Refinery has announced a reduction in the ex-depot price of Premium...
Nigeria’s Electronic Transactions Surge To N1.08qd In 2024, Up 79%
Nigeria's electronic transaction value hit a record high of N1.08 quadrillion in 2024, up 79 percent from the previous year. This is according to the...
CBN Announces Fee Waiver For Bureau De Change License Renewal In 2025
The 2025 license renewal fee for all bureau de change (BDC) operators has been waived by the Central Bank of Nigeria (CBN). Jonah Onojah, the...
