Business News
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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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1.8KNigeria, 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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3.0KFAAC 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...
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2.9KFG Adopts New Debt Strategy
Nigeria has introduced a new policy framework to enhance the management of its public debt, with the Debt Management Office (DMO) announcing...
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1.8KUK Leads Nigeria’s Q1 Capital Inflow with ₦5.5tr
United Kingdom-based investors provided the bulk of Nigeria’s foreign capital in the first quarter of 2025, accounting for more than 65 per...
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2.8KInfrastructure Deficits Hampering Productivity, Investment –NESG
The Nigerian Economic Summit Group has stated that the country’s infrastructure deficits are a major barrier to its economic growth, limiting productivity...
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262FG to Offset ₦2.7tr Gas Debt with Royalty Payments
The Federal Government is planning to clear the N2.7tn owed to gas companies with royalties. The Chief Executive of the Nigerian Upstream...
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3.1KOil Prices Set to Snap Two-Week Losing Streak as Peace in Ukraine Remains Elusive
Oil prices were little changed on Friday as hope for immediate peace between Russia and Ukraine dimmed, increasing the risk premium demanded...
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1.7KNigeria Produced 1.37TCF of Gas in H1 –NUPRC
Nigeria produced about 1.37 trillion standard cubic feet of natural gas between January and June 2025, according to data from the Nigerian...
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3.1KOil Little Changed as Investors Await Next Steps in Ukraine Peace Talks
Oil prices were little changed on Wednesday as investors await the next steps in talks to end Russia’s invasion of Ukraine, leaving...
