Business News
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318States Account for 48% of Public Spending –FG
The Federal Government has said state governments account for about 48 per cent of total public expenditure in Nigeria, stressing that stronger...
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275Oil Climbs Over 2% as War Halts Supply
Oil prices rose more than 2% on Tuesday, reversing some of the previous session’s losses, on worries about supply with the Strait...
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157Cash Outside Banks Falls by ₦198b, Money Supply Dips
Cash held outside Nigeria’s banking system fell by N197.68bn in one month to N5.21tn in January 2026, even as the amount of...
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282Govt Targets Lower Fuel Imports with Bio-Ethanol Project
The Federal Government has taken steps to increase the production of fuel-grade ethanol in Nigeria as part of efforts to reduce the...
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281Oil Rises as Focus Returns to Threats on Middle East Export Facilities
Oil prices rose on Monday as investor focus returned to threats facing Middle East oil facilities, despite U.S. President Donald Trump’s call...
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210Nigeria, Tanzania Strengthen Bilateral Trade, Investment Ties
Nigeria and Tanzania have taken steps to strengthen bilateral trade and investment relations as part of efforts to deepen intra-African economic cooperation...
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207Nigeria Spent $5.2b Servicing External Debt in 2025
Nigeria spent about $5.21bn servicing external debt obligations in 2025, accounting for more than 72 per cent of the country’s total international...
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356Stocks Rise as Crude Oil Below $90 Brightens Mood
Stocks rose and oil held below $90 a barrel after a report on the proposed release of oil reserves to ease higher...
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340M’East Conflict May Worsen Living Conditions –FG
The Federal Government has warned that the escalating geopolitical tensions in the Middle East could worsen the cost of living in Nigeria...
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355Nigeria to Surpass $48.3b Trade Deals at Intra-African Fair –Tinubu
President Bola Ahmed Tinubu has said Nigeria is aiming to surpass the $48.3 billion in trade and investment deals recorded at the...
