Browsing Category
Business
Sugar Tax Could Threaten Nigeria’s Manufacturing Sector, Warns CPPE
The Centre for the Promotion of Private Enterprises (CPPE) has raised concerns that the proposed sugar tax on…
PETROAN Urges Clear Timeline for Nigeria’s Refineries After $4 Billion Spent
Oil marketers under the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) have called on…
Fuel Taxes Push KRA Revenue Past Target in December 2025
Kenya Revenue Authority (KRA) closed December 2025 on a high note, exceeding its monthly revenue target, thanks…
Nedbank Eyes 66% Stake in NCBA to Expand Its East Africa Presence
South Africa’s Nedbank Group, one of Africa’s largest banks, is set to expand its footprint beyond Southern Africa…
Ghana Chamber of Mines Urges Review of Mining Fiscal Plan to Boost Investment
The Ghana Chamber of Mines has urged the government to rethink its proposed mining fiscal framework, emphasizing…
CBN Urges Nigerian Banks to Act Faster Against Rising Digital Fraud Threats
The Central Bank of Nigeria (CBN) has called on banks and financial institutions to take faster and more…
Naira Mid-Week Update: Official Rate Holds at N1,423/$ While Parallel Market Hits…
The Nigerian naira maintained relative stability at the official foreign exchange market mid-week, closing at…
Nigeria Produces 554 Million Barrels of Oil in 2025 as Daily Output Hits 1.63 mbpd
Nigeria’s crude oil and condensate production totaled 554.4 million barrels in 2025, according to the Nigerian…
Economist Warns: New Sugar Tax on Soft Drinks Could Hurt Nigeria’s Economy
The Centre for the Promotion of Private Enterprise (CPPE) has raised serious concerns over proposals to introduce…
Dangote Refinery Gains Global Edge as European, US Refinery Shutdowns Tighten Fuel…
The recent closure of refineries across Europe and North America has reshaped global fuel supply, offering…
Global Investors Wary as Trump Threatens Greenland Takeover, Markets React
Global investors are treading cautiously as markets reacted to renewed geopolitical tensions sparked by US…
NGX Records N6.88bn Growth as Equities Show Modest Gains Amid Positive Market…
The Nigerian Exchange Limited (NGX) ended Wednesday’s trading session on a positive note, posting a modest market…
CBN Sells N1.15tn Treasury Bills as Investors Eye Rising Yields
The Central Bank of Nigeria (CBN) is set to auction N1.15 trillion worth of Treasury bills in its second auction…
Yuletide Rush: Nigerians Spent N1.58 Trillion on Petrol in December 2025 — NMDPRA…
Nigerians spent an estimated N1.58 trillion on petrol in December 2025, highlighting the heavy cost of fuel during…
Davos: Nigeria can capture global supply chains, says Okonjo-Iweala
Nigeria has a rare opportunity to plug into global supply chains if it deliberately courts investors and positions…
EU Freezes US Trade Talks After Trump Revives Tariff Threats
The European Union has suspended negotiations on a proposed trade deal with the United States following renewed…
Nigerians spend N1.54tn on beer, others in nine months
Nigerians spent an estimated N1.54 trillion on beer and other non-alcoholic drinks in the first nine months of…
Nigeria’s Livestock Sector Set to Hit $74bn GDP in 10 Years – FG Plans Major Boost
The Federal Government has unveiled ambitious plans to expand Nigeria’s livestock sector, aiming to increase its…
West Africa IMT 2026: Turning Trade Gains into Manufacturing Growth
West Africa is poised to transform its rising trade gains into tangible industrial growth at the upcoming West…
$16B Post-PIA Investment Spurs Gradual Recovery in Nigeria’s Oil Sector
Nigeria’s oil and gas sector is showing early signs of recovery, driven by regulatory reforms, rising indigenous…
Netflix Raises $83 Billion Cash Bid to Acquire Warner Bros., Aims to Outshine…
Netflix has made a bold move in the entertainment industry, revising its $83 billion bid to acquire Warner Bros.…
Global Oil Prices Fall Below Nigeria’s $64.85 Budget Benchmark Amid Oversupply…
Global oil prices fell sharply on Wednesday, dipping below Nigeria’s 2026 budget benchmark of $64.85 per barrel,…
FGN to Repay N1.03 Trillion Bond on January 22: Implications for Nigeria’s Debt…
The federal government is set to repay up to N1.03 trillion in bond maturities on January 22, 2026, marking one of…
Lagos Port Haulage Costs Drop by 65% as Ètò System Transforms Cargo Logistics
Lagos importers are breathing a sigh of relief as cargo haulage costs at Tin Can Island and Apapa seaports have…
FG Targets N900bn Domestic Borrowing with High-Yield Bonds in January Auction
The Federal Government of Nigeria (FG) is set to raise N900 billion from the domestic market by offering high-yield…
NCC Shifts Focus to Competition and Consumer Experience After Tariff Hikes
Months after Nigerian telecom subscribers began paying higher tariffs for voice and data services, the Nigerian…
Telcos in Sub-Saharan Africa Battle Falling ARPU Amid Global Revenue Slowdown
Telecom operators across Nigeria and Sub-Saharan Africa are grappling with declining average revenue per user…
European Stocks Eye Mixed Open as Trump Prepares Davos Address
European stocks are poised for a mixed start on Wednesday as global investors brace for U.S. President Donald…
IMF Urges Nigeria to Strengthen Public Finances Amid Rising Spending Pressures
The International Monetary Fund (IMF) has called on Nigeria and other governments to strengthen public finances and…
International Breweries Appoints Nicholas Kade as New Managing Director
International Breweries Plc (IBPLC) has announced the appointment of Nicholas Kade as its new Managing Director,…