Business News

FDI Underperforms Amid Surge in 2025 Capital Inflows

Foreign direct investment accounted for less than four per cent of total capital imported into Nigeria in 2025, despite a significant increase...

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CBN Okays 100% Forex Repatriation for Oil Companies

The Central Bank of Nigeria has approved the full repatriation of export proceeds by International Oil Companies, allowing them to access 100...

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In Major Investment Drive, EU Unveils €290m Global Gateway Package for Nigeria

European Union yesterday announced a significant expansion of its strategic partnership with Nigeria, unveiling a €290 million investment package under its Global...

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Dangote-NNPC Deal Hits Turbulence Over Crude Shortfall

The ambitious deal between the Dangote Petroleum Refinery and Nigerian National Petroleum Company Limited is facing challenges, as the refinery experienced a...

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Stocks Rise, Oil Falls on Iran De-Escalation Hopes

Equities rallied and oil dropped as US diplomatic efforts fueled cautious optimism that the Middle East conflict may begin to ease, tempering...

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Local Bourse Rebounds as ASI Up 0.85%

NGX Summary The local bourse rebounded from the previous session’s losses, as the NGX All-Share Index (ASI) advanced by 0.85% to close...

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BoI, EIB Sign €135m Deal to Boost Healthcare, Agriculture

Nigeria’s Bank of Industry (BoI) and EIB Global, the development arm of the European Investment Bank, yesterday, signed two financial agreements totalling...