Business News
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240Oil Climbs After Truce Talks Continue
Oil prices edged higher on Tuesday after Israel struck Rafah in Gaza, while negotiations for a ceasefire with Hamas continued without resolution,...
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142‘Nigeria, UK Trade Relations worth £7b’
The trade relations between Nigeria and the United Kingdom currently stand at about seven billion pounds sterling. The British High Commissioner in...
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127Nigeria Accedes to the Establishment Agreement for Export Development Fund in Africa
The Federal Republic of Nigeria has acceded to the Establishment Agreement for the Fund for Export Development in Africa (FEDA), the development...
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142Oil Prices Rebound on Hopes US will Replenish Strategic Reserve
Oil prices rose on Thursday, rebounding from three days of losses, on expectations the lower levels may prompt the U.S., the world’s...
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222Binance Crypto Founder Zhao Sentenced to Prison
Changpeng Zhao, the former chief executive of Binance, was sentenced on Tuesday to four months in prison after pleading guilty to violating...
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158FG’s deficit spending rises 52% to ₦12.86tr
The Federal Government recorded a 52.9 per cent, year-on-year (YoY) increase in deficit spending to N12.86 trillion in 2023 from N8.41 trillion...
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136
Oil Prices Inch Up as Market Weighs US Stocks Decline
Oil prices were slightly higher on Wednesday after industry data showed a surprise drop in U.S. crude stocks last week, a positive...
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392e-Payment Transactions Surge by 89.3% to ₦234tr in Q1 2024
Electronic payment (e-Payment) transactions in Nigeria witnessed a remarkable surge in the first quarter (Q1) of 2024, hitting a total of N234...
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188Net Forex inflow rises 7.3% to $33.9b
The net foreign exchange (Forex) inflow into the economy increased by 7.3 per cent, year-on-year (YoY) to $33.9 billion in 2023 from...
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198Nigeria Secures $2.25b World Bank Credit
Minister of Finance and Coordinating Minister for the Economy, Wale Edun, said the federal government had secured a $2.25 billion single-interest loan...
