Business News
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2.9KNigerians Spent ₦1.3tr on Petrol in June –NMDPRA
Amid rising energy costs, Nigerians spent about N1.3tn on buying Premium Motor Spirit (petrol) to power their vehicles and electricity generators in...
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3.3KOil Eases After Rising to 2-Week High on Russia-Ukraine Supply Concerns
Oil prices edged down on Tuesday, after surging nearly 2% in the previous session, as traders closely monitored developments in the Russia-Ukraine...
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3.2KDollar Drops, Gold Rises as Trump Says He’s Firing Fed’s Cook
Trump’s move to sack Lisa Cook stokes concerns over central bank’s independence. The dollar weakened and traditional safe-haven assets advanced after President...
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2.9KNNPC’s Four-Month Income Hits ₦20tr as Marketers Seek Refineries Revamp
The Nigerian National Petroleum Company Limited generated N20.9tn between April and July 2025. This came as petroleum marketers urged the national oil...
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2.2KNUPRC: Nigeria’s Crude Oil Production Rose 10% Y-o-Y to 1.71m Bpd in July
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said that Nigeria’s oil output recorded a significant growth in July 2025, averaging 1.71...
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2.8K13% Derivation Fund Eases Oil-Producing States’ Debt by ₦611b
Oil-producing states reduced their domestic debt burden by about N610.84bn between June 2023 and March 2025, as they received record inflows from...
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2.1KUS Swings to $576m Trade Surplus with Nigeria Amid Tariff Heat
The United States has posted a $576 million trade surplus with Nigeria in the first half of 2025, reversing a $779 million...
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1.7KS/Africa Imports Over 70% of Its Oil from Nigeria
South Africa imports more than 70 per cent of its oil from Nigeria, Acting High Commissioner and Consul General of the Republic...
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1.7KNigeria, Brazil to Seal Deals in Aviation, Livestock, Other Sectors
Between today and tomorrow, Nigeria and Brazil will sign crucial business agreements to create direct flights between the two countries and generate...
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2.9KFAAC Reconciliation: NNPC, FIRS, Others Remit ₦1.49 Trillion Arrears to Federation in Six Months
Nigeria’s Federation Account received a major inflow of N1.49 trillion in the first half of 2025 from arrears reconciled and paid by...
