Business Archives

business

Minister of Finance Taiwo Oyedele speaking at a meeting.

Business News

Nigeria Criticizes International Credit Ratings for High Borrowing Costs

The Nigerian government argues that credit ratings do not reflect economic improvements, raising borrowing costs.

Saudi Arabia's skyline with oil refineries in the background.

Business News

Saudi Arabia’s Economy Expected to Shrink Amid Ongoing Conflict

The International Monetary Fund warns of a 3.3% contraction in Saudi Arabia’s economy due to escalating attacks.

IMF officials at the World Economic Outlook press briefing in Bangkok.

Business News

IMF Warns of Financial Risks from AI and Cyber Threats at Annual Meeting

The International Monetary Fund highlights potential dangers to the global financial system from AI and cyberattacks.

IMF Annual Meetings in Bangkok with officials discussing economic outlook.

Business News

IMF Urges Developing Nations to Cut Spending Amid Energy Crisis

The International Monetary Fund warns that low-income countries must reduce spending due to rising debt and energy costs.

Finance Minister Taiwo Oyedele speaking at a global economic meeting.

Business News

Developing Countries Face $500 Billion Higher Debt Costs Than Rich Nations

Nigeria’s finance minister highlights the financial struggles of developing nations at a global meeting.

Business News

Nigeria’s Gas Exports Outpace Domestic Sales Despite Abundant Reserves

Nigeria continues to export more gas than it sells domestically, raising concerns about energy supply.

A business person contemplating the balance between profit, people, and the planet.

Business News

Rethinking Business Success: Balancing Profit, People, and Planet

Businesses should focus on profit while also considering their impact on people and the environment.

Collage of the four Nigerian icons: Aliko Dangote, Ngozi Okonjo-Iweala, Mo Abudu, and Burna Boy.

Business News

Four Nigerians Recognized in Forbes Africa’s Icons List for 2026

Aliko Dangote, Ngozi Okonjo-Iweala, Mo Abudu, and Burna Boy are among 15 influential figures in Africa.

A view of an inland dry port in Nigeria with cargo containers.

Business News

Nigerian Ports Authority Works to Improve Rail and Logistics at Inland Dry Ports

The Nigerian Ports Authority is addressing rail and logistics issues at inland dry ports to enhance cargo movement.

A meeting of government officials discussing performance targets for agencies.

Business News

Federal Government to Set Performance Targets for Agencies to Ease Business Operations

The government aims to improve service delivery and reduce costs for businesses by setting clear performance targets for its agencies.

Business News

Vitel Wireless Partners with Ebeonadi FM to Boost Brand and Support Agents

Vitel Wireless has teamed up with Ebeonadi FM to enhance brand visibility and support its agents.

Business News

SON Highlights Importance of Clean Energy for Industrial Growth in Nigeria

The Standards Organisation of Nigeria emphasizes clean energy’s role in boosting industry and job creation.

Business News

Nigeria’s Credit Outlook Improved to Positive by Fitch Ratings

Fitch Ratings has upgraded Nigeria’s outlook to positive, signaling potential future upgrades.

A representation of financial recovery efforts by the EFCC.

Business News

EFCC Recovers Nearly $105,000 for US Businesswoman in Truck Deal Dispute

The Economic and Financial Crimes Commission has returned funds to a US businesswoman after a failed truck procurement deal.

Meeting of tax stakeholders discussing taxation issues in Jigawa State.

Business News

Jigawa Tax Stakeholders Demand Action Against Multiple Taxation Issues

Tax stakeholders in Jigawa State are calling for an end to multiple taxation and better support for taxpayers.

A vendor counting money at Lokoja International Market in Nigeria.

Business News

Nigeria’s Economy Grows 4.2% as State Revenues Surge by 93% in 2026

The World Bank reports significant economic growth in Nigeria, driven by increased state revenues.

Business News

Stanbic IBTC Encourages Nigerians to Boost Retirement Savings with Voluntary Contributions

Stanbic IBTC urges Nigerians to enhance their retirement plans by making voluntary pension contributions.

Ayoola Osunleye speaking to a group of young people.

Business News

Entrepreneur Urges Ogun Youths to Embrace Discipline and Excellence

Ayoola Osunleye encourages young people in Ogun State to pursue their entrepreneurial dreams with dedication.

Business News

Experts Call for Private Ownership to Revive Nigeria’s Refineries

Chemical engineers urge the government to privatize refineries for better efficiency.

Business News

PalmPay Focuses on Security in Nigeria’s Growing Digital Payment Landscape

PalmPay emphasizes the need for consumer protection as digital payments rise in Nigeria.