Business News
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428Gold, Silver Slump with Stocks in Volatile Trading
Gold and silver extended their slump with stocks, as assets that had performed the best in January came under intense selling pressure...
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3852025: 52% of Non-Import VAT Collected in Lagos
The Nigeria Revenue Service (NRS) collected N3.4trn from the total N6.5trn it collected as Non-import Value Added Tax (TAX) in 2025 from...
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326Cargo Cost to Rise as FAAN Plans 250% Tariff Hike
The Federal Airports Authority of Nigeria (FAAN)’s plan to implement a steep increase in cargo tariff has triggered strong opposition from freight...
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256US Exports to Nigeria jump 60% amid Trump Tariff
The United States recorded a $1.45bn goods trade surplus with Nigeria in the first 10 months of 2025, reversing a deficit position...
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246IMF Upgrades Global and Nigeria Growth Outlook Amid Headwinds
This week, we examine the January 2026 edition of the bi-annual World Economic Outlook (WEO) report published by the International Monetary Fund...
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152Domestic, Foreign Investors Drive Equity Trades to ₦11.92tr
Nigeria’s equity market recorded a historic performance in 2025 as total transactions rose sharply to N11.92tn, driven by a resurgence in foreign...
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547FG Bans Meter Installation Charges, Threatens Sanctions
The Federal Government has banned electricity distribution companies and installers from collecting any form of payment for meters, warning that DisCo officials...
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488Tinubu Approves Commercial Oil Drilling in Ogun
President Bola Tinubu has approved the commencement of commercial oil drilling at Tongeji Island in Ipokia Local Government Area of Ogun State....
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44Oil Edges up after Trump Backs off Tariff Threat on Greenland
Oil prices edged up on Thursday, after U.S. President Donald Trump ratcheted down tension with Europe over his demand for Greenland, while...
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386Cocoa Beans, Urea, Others Lead as Non-Oil Exports Hit $6.1b in 2025
Nigeria’s non-oil exports has surged to $6.1 billion in 2025, representing an 11.5 per cent increase from the $5.4 billion recorded in...
