Business News

Stocks, Gold Set New Records in Run-Up to Fed Meet

Stocks extended their record-breaking rally and gold climbed to a new high as investors bet on an interest-rate cut by the Federal...

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Spain Tops Nigeria’s Exports at ₦2.47tr, China Leads Imports

Spain has emerged as Nigeria’s largest export destination in the second quarter of 2025, absorbing goods valued at N2.47 trillion, while China...

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Sanwo-Olu Seeks Investor Backing for ₦214.8b Bond

The Governor of Lagos State, Babajide Sanwo-Olu, has called on investors to support the infrastructural development drive of the state through investing...

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₦5.6tr Debt: Energy Crisis Looms as Gas Firms Cut Supply

Nigeria faces the threat of nationwide blackouts as gas companies reduce their supply to power plants due to an outstanding N5.6 trillion...

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Oil Prices Extend Losses on Oversupply, US Demand Concerns

Oil prices fell on Friday, adding to big declines in the previous session, as concerns about the possible softening of U.S. demand...

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Minister of Environment: Nigeria Working Towards Transition to Low-Sulphur Fuels

Minister of Environment, Balarabe Lawal, has revealed that Nigeria is presently working towards transition to low-sulphur fuels. Lawal disclosed this in Abuja...

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NUPRC: At 9,600 Bpd, Nigeria’s Crude Oil Losses Slumped to 16-Year-low in July

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) yesterday disclosed that the nation’s upstream oil sector had continued to witness a dramatic turnaround,...