Business Archives

business

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.

Aerial view of the Dangote Refinery in Nigeria.

Business News

Dangote Refinery Launches Historic $1.5 Billion IPO in Nigeria

The Dangote Petroleum Refinery’s IPO is a significant milestone for Nigeria’s capital markets.

Dr. Tunji Olowolafe speaking at the Ekiti at 30 Future Summit.

Business News

Ekiti State Urged to Transform Knowledge into Wealth in Next Decade

Dr. Tunji Olowolafe emphasizes the need for Ekiti to leverage its resources for economic growth.

Traders protesting at Oduduwa Model Market in Lagos.

Business News

Traders at Oduduwa Model Market Protest Against Eviction Attempts in Lagos

Traders claim they face eviction after a rent increase and management change.

Participants at the Mission Africa conference in Johannesburg

Business News

Mission Africa Conference in Johannesburg Focuses on Unity and Economic Growth

The Mission Africa Organisation held its annual conference in Johannesburg, promoting collaboration and development among African nations.

Graph showing rising oil prices and declining stock market trends.

Business News

Oil Prices Rise Amid US-Iran Tensions, Stocks Decline

Oil prices increased sharply on Thursday due to concerns over potential US military action against Iran.

Inauguration of the Africa Credit Rating Agency in Mauritius

Business News

African Union Launches First Credit Rating Agency to Support Economies

The African Union has inaugurated the Africa Credit Rating Agency to help reduce borrowing costs for African countries.

A fuel pump at a gas station showing diesel prices.

Business News

Dangote Lowers Diesel Price by N80 Amid Falling Crude Oil Costs

Dangote Petroleum Refinery has cut its diesel price as global crude oil prices decline.

Kristalina Georgieva speaking at a podium

Business News

IMF Chief Warns AI Growth Could Increase Global Economic Inequality

Kristalina Georgieva highlights risks of AI investment leaving some countries behind.

Nigerian Ambassador Okezie Victor Ikpeazu at the International Frozen Seafood Exhibition.

Business News

Nigeria Seeks Spanish Investment to Boost Blue Economy at Seafood Exhibition

Nigeria aims to attract Spanish businesses to enhance its blue economy during a major seafood event in Spain.

A digital rendering of a residential area over swamp land.

Business News

Real Estate Marketers Use Virtual Tours to Sell Swamp Land in Nigeria

Developers are using digital tools to market low-value land as premium estates.

Aerial view of oil and gas drilling site

Business News

Nigerian Oil and Gas Blocks Available in 2026 Licensing Round

The Nigerian Upstream Petroleum Regulatory Commission has announced a new licensing round for 40 oil and gas blocks set for 2026.

Solar panels in an African landscape supporting clean energy initiatives.

Business News

UK Invests Over £2 Million in Clean Energy Projects Across Eight African Nations

The UK is funding ten clean energy initiatives in Africa to improve electricity access for essential services.

Business News

Oil Prices Climb as Stock Markets Decline Amid Tensions in Strait of Hormuz

Concerns over increased attacks in the Strait of Hormuz drive oil prices up while global stock markets fall.

President Bola Tinubu speaking at a manufacturing event in Lagos.

Business News

Nigeria Aims to Become Africa’s Industrial Workshop, Says President Tinubu

President Bola Tinubu announces plans for Nigeria to shift from exporting raw materials to manufacturing finished goods.

Power lines in Nigeria against a cloudy sky.

Business News

Nigeria’s Power Generation Drops 37%, Complaints Against DISCOs Surge

Power generation in Nigeria has fallen significantly, leading to increased complaints from electricity consumers.