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Business News; Tracks, records, analyzes, and interprets the business, economic and financial activities, and changes that take place in societies.

Oil prices Drop To Two-month Low As New COVID-19 Variant Emerges

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The global oil prices fell to $77 per barrel, the lowest since September 2021 amid a new coronavirus variant and U.S. release of millions of barrels of...

World Bank President Visits Nigeria, To Focus On Job Creation, Energy

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The President of World Bank, Ajay Banga is set to commence a three-day visit to Nigeria which will focus on job generating avenues for...

33 Banks Now Bigger, Stronger

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33 Banks Now Bigger, Stronger

The recent recapitalisation exercise led by the Central Bank of Nigeria, CBN, which saw 33 deposit money banks raise an impressive N44.65 trillion, is...

“FG To Invest More, Borrow Less” — Wale Edun

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"FG To Invest More, Borrow Less" — Wale Edun

The Federal Government has said it plans to reduce its dependence on borrowing, invest more in the economy, and rely more on domestic resources. The...

Cement Price: FCCPC Uncovers Possible Manipulation After 3-Month Probe

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Cement Price: FCCPC Uncovers Possible Manipulation After 3-Month Probe

The Federal Competition and Consumer Protection Commission (FCCPC) says it has uncovered possible manipulation of cement prices in the Nigerian market following a three-month...

Panic Grips Crypto Traders As SEC Bans Binance Operation In Nigeria; Declare It An Illegal Entity

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The Securities and Exchange Commission (SEC) of Nigeria has declared the activities of Binance in Nigeria illegal. According to a statement published on its website,...

Nigeria To Pay More For Petrol Subsidy As Oil Prices Hit Two Month High

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Oil prices continued their surge yesterday, hitting a two-month high amid projections that lack of production capacity and limited investment in the sector could...

Middle East War Dims Global Economic Outlook, Says IMF

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Rising Cost Of Essentials To Push More Nigerians Into Poverty — IMF

The International Monetary Fund (IMF) has warned that the ongoing war in the Middle East is casting a shadow over the global economy, threatening...

President Buhari Appoints Araraume, Okadigbo, Kyari Into NNPC Board [LIST]

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Nigeria’s President, Muhammadu Buhari has appointed 9 people into the board of the Nigerian National Petroleum Company Ltd. It can be recalled that the President...

“Nigeria’s Eight-month Debt Service Bill Rises To $2.86bn” – CBN

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Petrol Import Spending Reduces By 54% To $6.7bn In Two Years

Nigeria spent a total of $2.86bn servicing external debt in the first eight months of 2025, according to the international payment data from the...

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