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

FG Urged To Embrace Asset-Based Financing For Economic Growth

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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

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Dangote Unveils Nationwide Petrol Distribution

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%

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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

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CBN Maintains Monetary Policy Rate At 27.50% Amid Inflationary Pressures

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...

Africa’s Economic Policies Rely On Borrowed Concepts —  Moghalu

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African Leaders Should Prioritize Healthcare, Not Foreign Aid, Says Moghalu

Kingsley Moghalu, the president of the African School of Governance and a former deputy governor of the Central Bank of Nigeria, has criticized Africa's...

World Bank Sanctions Two Nigerian Firms, CEO Over Corruption

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World Bank Sanctions Two Nigerian Firms, CEO Over Corruption

The World Bank Group has imposed a 30-month debarment on two Nigerian companies, Viva Atlantic Limited and Technology House Limited, as well as their...

CBN Imposes N1.35bn Fine On 9 Banks Over ATM Cash Dispensing Failures

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CBN Retains Interest Rate At 27.5%

Nine banks were fined N1.35 billion by the Central Bank of Nigeria (CBN) yesterday for not allowing Naira notes to be used at automated...

Fubara Signs ₦1.1trn Rivers 2025 Budget Into Law, Says Only One House Of Assembly Exists

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Rivers State Governor, Siminalayi Fubara, has signed the ₦1.1 trillion 2025 Budget into law. Fubara, in a speech after signing the bill into law on...

Abia Sacks Management Of Four Farm Estates, To Open Bid For Fresh Managers 

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'We’re Supporting, Not Owning, Abia Airport' - Governor Otti (Video)

The Abia State government has said it will initiate a fresh open bidding process soon to bring in more credible investors into its four...

Warri Harcourt Refinery Commences Operations, NNPCL Confirms 

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The 125,000 barrels per day Warri Refining & Petrochemicals Company (WRPC) in Warri, Delta State is now up and running.  This was disclosed by the...

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