Business News
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200FAAC: All Revenue-Generating Agencies Posted Sub 40% Performance in December
All the federal government’s major revenue-generating agencies fell short of their expected contributions to the Federation Account in December 2025, according to...
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227Oil Soars 25%, Gold Drops as Iran War Jolts Global Commodity Markets
Oil prices surged around 25% on Monday to their highest since mid-2022, with Brent on track for a record one-day gain, while...
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204Stocks Slump as Oil Nears $120, Dollar Advances
Equities tumbled as crude oil surged above $100 a barrel for the first time since 2022, with the US-Israeli war against Iran...
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290Tinubu Resolves 15-year OPL 245 Dispute, Unlocks Deepwater Investment
President Bola Tinubu on Thursday announced the successful conclusion of a historic settlement agreement between the federal government of Nigeria, ENI, and...
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284Credit to Government Spikes by 37% as Private Sector Lending Stalls
Stock of credit to the government stood at N34.19 trillion in January, a 36.6 per cent increase from N25.03 trillion at the...
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Oil Leaps 3% on Supply Concerns as Iran Conflict Widens
Oil prices surged more than 3% on Thursday, extending a rally as the escalating U.S.-Israeli war with Iran raised fears of prolonged...
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306Power Firms Install 677,942 Meters in One Year
Nigeria’s electricity distribution companies ended 2025 with a modest improvement in customer metering, closing December with 6,966,584 metered customers and a national...
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219IMF Warns Middle East War Threatens Global Economy
The International Monetary Fund (IMF) has raised the alarm over the escalating conflict in the Middle East, warning that the war could...
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243W’Bank Warns Nigeria, Others of Looming Jobs Crisis
The World Bank Group has warned that developing economies are heading towards a significant employment crisis as millions of young people prepare...
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215Private Sector Returns to Growth in February –Report
Nigeria’s private sector returned to growth in February, as new orders increased and inflationary pressures eased, according to the latest Purchasing Managers’...
