Business News
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166WTO Applauds as Nigeria, Others Complete Digital Trade Pilot Phase
World Trade Organisation (WTO) and the World Bank have completed the pilot phase of their joint project, “Digital Trade for Africa” with...
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115$25bn Nigeria-Morocco Gas Project Company Officially Established
The ambitious Nigeria-Morocco Gas Pipeline project, estimated to cost $25bn, is advancing rapidly with the creation of a dedicated project company and...
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290Nigeria, China Trade Hits $15.48b in H1’25
The volume of trade between Nigeria and China increased by 34.7% to $15.48 billion between January and July 2025 (H1’25) compared to...
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318Petrol Exports Hit ₦371b Amid Heavy Import Reliance
Nigeria exported Premium Motor Spirit, popularly known as petrol, worth N371.54bn in the second quarter of 2025, marking the first recorded shipment...
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286Airlines, Raw Materials’ Importers, Others on 4% FOB Waiver
The Nigeria Customs Service (NCS) has announced the waiver of the 4% Free On Board (FOB) charges for scheduled airline operators as...
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570Nigeria Attracts $19.92b Investment Signals in Q2’25
Nigeria has attracted $19.92 billion worth of investment signals in the second quarter of 2025 (Q2’25), indicating a sharp increase of 277.9...
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519Nigeria-Saudi Trade Volume Hits $600m
The trade volume between Nigeria and Saudi Arabia has exceeded $600 million. Saudi Arabia’s Charge d’Affaires, Saad Fahad Almarri, yesterday said that...
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533
Oil Set for Biggest Weekly Gain in Three Months as Russia Cuts Fuel Exports
Oil prices edged up on Friday, on track to rise at their steepest rate since early June as Ukraine’s attacks on Russia’s...
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479
Naira Abuse Inflates Printing Expenses, CBN Warns
The Central Bank of Nigeria has raised the alarm that the abuse and poor handling of naira banknotes are significantly increasing the...
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445US-Nigeria Bilateral Trade Soared to $13b in 2024 –Consul General
The United States of America and Nigeria’s bilateral trade has soared to nearly $13billion in 2024, the U.S Consul General, Lagos, Rick...
