Business News
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287Dollar Falls on Concern Over Tariffs, US Economy
The dollar dropped, extending recent losses, on concern over the impact of higher tariffs on the US economy and the risk of...
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177Nigeria, Venezuela Strengthen BASA with Direct Flight Agreement to Mark 60 Years of Diplomatic Ties
Nigeria and Venezuela have reaffirmed their commitment to deepening economic and diplomatic cooperation as they both reached agreement to launch a direct...
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214Oil Falls as Higher OPEC+ Output Expectations Weigh on Sentiment
Oil prices slipped for a second session on Tuesday on increasing expectations members of the Organisation of Petroleum Exporting Countries and their...
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159Oil Climbs After Trump Extends EU Trade Talks Deadline to July
Oil prices gained in early Asian trade on Monday after U.S. President Donald Trump extended a deadline for trade talks with the...
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178‘Mining Reforms Attracted $800m Foreign Investment’
Nigeria’s solid minerals sector, driven by the present administration’s new policy of local value addition and a licensing regime, attracted over $800...
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123Nigeria’s Foreign Trade in LC Rises 4% to $269.83m
Nigeria’s foreign trade through Letters of Credit (LC) grew by 4.4 percent year-on-year, YoY, to $269.83 million in the first four months...
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962025 Budget: FCTA Allocates ₦137b for Satellite Town Development
The FCT Administration has proposed the sum of N137 billion as capital expenditure for the Satellite Town Development Department in the 2025...
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96Dollar Outflow for Fuel Imports Surges 119%
The oil and gas sector more than doubled its demand for foreign exchange in 2024, rising by $1.23bn (119 per cent) year-on-year...
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340NUPRC to Raise Nigeria’s Active Oil Rigs to 50 by End of 2025, Says Komolafe
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has disclosed plans to raise the active oil rigs in Nigeria’s petroleum sector from the...
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368
Oil Prices Slip as US, China Concerns Weigh
Oil prices slipped on Monday, weighed down by Moody’s downgrade of the U.S. sovereign credit rating and official data that showed a...
