Business News
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256NDIC Warns Nigerians to Steer Clear of Unlicensed Banks, Ponzi Schemes
Managing Director/Chief Executive, Nigeria Deposit Insurance Corporation (NDIC), Oludare Sunday, yesterday advised Nigerians to stay away from banks and other financial institutions...
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279Oil on Track for Steepest Weekly Drop in 3-1/2 Months
Oil prices rose on Friday after four straight sessions of declines but were on track for their steepest weekly fall since late...
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236WTO 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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172$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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368Nigeria, 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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420Petrol 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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354Airlines, 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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649Nigeria 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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604Nigeria-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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622
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...
