Business News
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657Stocks Erase Losses to Hold Near Record, Oil Slips
Stocks erased their losses as investors returned to AI-linked shares after a brief pullback in one of the market’s strongest trades this...
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549Apex Bank Redeploys Deputy Governors
The Central Bank of Nigeria (CBN) has announced a reshuffle involving its Deputy Governors, with the changes taking effect from June 1,...
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571Oil Eyes Weekly Drop on Hormuz Deal Hopes; AI Sends Stocks to Record Highs
World stocks rose to record highs on Friday and oil futures eyed their steepest weekly drop in nearly two months as traders...
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521Q3 2025: Nigeria Missed Oil Revenue Target by 62%
Nigeria’s oil revenue performance deteriorated sharply in the third quarter of 2025 and missed budget expectations by a wide margin. This reinforced...
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470NCAA Suspends No-Pay, No-Service Airline Enforcement Order
The Nigeria Civil Aviation Authority has temporarily suspended its “No-pay, No-service” enforcement directive against domestic airlines over outstanding statutory remittances, citing the...
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463Nigeria’s Trade Surplus Jumps to $480m on Strong Oil Exports
Nigeria’s trade surplus rose sharply to $480 million in January 2026, driven by stronger export earnings from crude oil and petroleum products,...
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500Chinese Investors May Acquire 51% Stake in PH, Warri Refineries
The Nigerian National Petroleum Company Limited is considering an NLNG-style equity partnership that could hand Chinese investors a majority stake of about...
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497Oil Prices Rise as Investors Doubt Breakthrough in US-Iran Peace Talks
Oil prices climbed on Friday but were on track for a weekly loss as investors doubted the prospects of a breakthrough in...
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486DisCos Install 241,590 Meters Amid Billing Complaints
Electricity distribution companies installed 241,590 meters across Nigeria in the first two months of 2026 amid ongoing efforts to reduce estimated billing...
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483Oil Exports Drive Nigeria-UK Trade to £7.6b
Nigeria’s crude oil exports played a significant role in raising total trade between Nigeria and the United Kingdom to £7.6bn in 2025,...
