Business News
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432Tinubu Resolves 15-year OPL 245 Dispute, Unlocks Deepwater Investment
President Bola Tinubu on Thursday announced the successful conclusion of a historic settlement agreement between the federal government of Nigeria, ENI, and...
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404Credit to Government Spikes by 37% as Private Sector Lending Stalls
Stock of credit to the government stood at N34.19 trillion in January, a 36.6 per cent increase from N25.03 trillion at the...
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491Oil Leaps 3% on Supply Concerns as Iran Conflict Widens
Oil prices surged more than 3% on Thursday, extending a rally as the escalating U.S.-Israeli war with Iran raised fears of prolonged...
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428Power Firms Install 677,942 Meters in One Year
Nigeria’s electricity distribution companies ended 2025 with a modest improvement in customer metering, closing December with 6,966,584 metered customers and a national...
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361IMF Warns Middle East War Threatens Global Economy
The International Monetary Fund (IMF) has raised the alarm over the escalating conflict in the Middle East, warning that the war could...
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349W’Bank Warns Nigeria, Others of Looming Jobs Crisis
The World Bank Group has warned that developing economies are heading towards a significant employment crisis as millions of young people prepare...
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362Private Sector Returns to Growth in February –Report
Nigeria’s private sector returned to growth in February, as new orders increased and inflationary pressures eased, according to the latest Purchasing Managers’...
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365OPEC+ Raises Oil Quotas Amid Middle East Tension
Key members of the Organisation of Petroleum Exporting Countries and their allies, jointly known as OPEC+, on Sunday announced a higher-than-expected increase...
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326Stocks Drop, Oil and Gold Advance on Iran Crisis
Stocks declined and oil prices jumped as conflict in the Middle East jolted global markets, triggering a retreat from risk assets. Gold...
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405Industries Lose 15% Energy to Weak Maintenance –MAN
The Manufacturers Association of Nigeria has found that maintenance lapses account for between 10 and 15 per cent of energy waste in...
