Business News
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450Food Import Bill Jumps 11.4% to $1.19b in H1, Spikes FX Demand
Nigeria spent $1.19 billion on food imports in the first half of 2026, an 11.41 per cent increase from $1.07 billion in...
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436FG Targets 1m CNG Vehicles to Cut Transport Fares
The Federal Government has renewed its drive to deploy one million compressed natural gas-powered vehicles across the country, directing officials to accelerate...
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356IMF Endorses CBN Rate Cut, Warns Against Premature Easing
The International Monetary Fund has endorsed the Central Bank of Nigeria’s decision to cut its benchmark interest rate to 23 per cent,...
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347Nigeria, EU, Euro Bank Seal €14m Fibre-Optic Deal
The federal government, European Union (EU) and the European Bank for Reconstruction and Development (EBRD) have signed a grant agreement to support...
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325Oil Prices Climb as Iran Deploys New Tactics to Target Ships Transiting Hormuz
Oil prices climbed on Wednesday after two vessels were struck in the Strait of Hormuz and Iranian officials told Reuters they were...
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391US Stock Futures Rise on OpenAI Revenue, Oil Drops
US stock-index futures rose and Asian shares climbed after more details emerged about OpenAI’s estimated revenue, suggesting the weakness in Wall Street...
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399
Stock Rally Poised to Lose Steam as Euro Declines
A global stock rally fueled by softer US jobs data looked set to lose steam as concerns over Europe’s political and fiscal...
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407Airlines Get 749m Litres Jet Fuel amid Supply Swings
Operating airlines in Nigeria received an estimated 749.2 million litres of aviation fuel between January and August 2026, as domestic deliveries fluctuated...
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471
Free Zones Attract $200b FDI, Create 500,000 Jobs –FG
The Federal Government has said Nigeria’s free trade zones have attracted more than $200bn in foreign investment and over N900bn in domestic...
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400Nigeria Strengthens Regulatory Framework on Special Economic Zones
The Federal Government has moved to tighten the regulatory framework governing Nigeria’s Special Economic Zones (SEZs), assuring legitimate investors that existing incentives...
