Business News

Nigeria’s Exports to China Rise by 80% to $2.3b

Nigeria’s exports to China rose by 80 per cent to $2.3 billion in the first half of 2026, signalling growing access to...

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FG Targets Abandoned Mine Pits for Energy, Tourism

The Federal Government has identified more than 4,000 abandoned mine pits across Plateau State as potential sites for new investments in energy,...

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Dollar Weakens as Traders Pare Fed Rate-Hike Bets

The dollar fell against most of its major peers after weak US economic data reduced bets on a Federal Reserve interest-rate hike...

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RMAFC Completes Review of Revenue Allocation Formula

The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) said it has completed a comprehensive review of Nigeria’s Revenue Allocation Formula and the...

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Nigeria, W’African Onion Traders Sign Pact to Ease Trade

Stakeholders in Nigeria’s onion industry and their counterparts from across West Africa have signed a Memorandum of Agreement aimed at strengthening cross-border...

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Manufacturers Seek Better Policies, Infrastructure, Financing to Boost Competitiveness

Manufacturing competitiveness across Africa will increasingly depend on effective industrial policies, reliable infrastructure, affordable financing and efficient logistics, rather than production costs...

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Oil Producers Supplied 53.7m Barrels of Crude to Local Refineries in Q2 –NUPRC

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said oil producers supplied 53.7 million barrels of crude oil and condensate to local...