Business

Developing Economies Now Spend More on Debt Than They Receive — Edun Warns

Finance minister calls for urgent shift to private capital as global aid declines…. Nigeria’s Minister of Finance and Coordinating Minister…

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NPA Rolls Out Ambitious Port Reforms to Unlock Nigeria’s Non-Oil Export Potential

Automation, export terminals, and eastern port upgrades form core of strategy to connect local businesses to global markets…. The Nigerian…

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Naira Holds Firm as FX Liquidity Improves, Oil Prices and Reserves Offer Support

Currency stability persists despite global tensions, with investors eyeing key ₦1,400/$ threshold…. The naira opened the week on a relatively…

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U.S. Slashes Nigerian Crude Imports by 47% as Trade Dynamics Shift

Sharp January decline highlights changing demand patterns, rising African competition, and evolving U.S. trade posture….. Nigeria’s foothold in the United…

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NNPC Unveils New Crude Stream as Cawthorne Blend Enters Global Market with 950,000-Barrel Lift

First export from Nigeria’s newest oil terminal in 50 years signals fresh momentum for output growth and energy security….. Nigeria’s…

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Oil & Gas Investment Rebounds as Nigeria Attracts $17.98 Million in 2025

Rising gas exports and renewed investor confidence signal early recovery in the energy sector… Nigeria’s oil and gas industry is…

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Bank Recapitalisation Success Masks Weak Credit to Real Economy — CPPE

Muda Yusuf warns stronger banks are yet to translate into growth for businesses and households….   Nigeria’s banking sector may…

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CBN Drains ₦4.1trn in One Week as Tightening Drive Intensifies

Aggressive liquidity mop-up raises concerns over lending, growth, and economic expansion….   The Central Bank of Nigeria has withdrawn a…

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Middle East War Sends Shockwaves to Nigerian Factories, MAN Raises Red Flag

Pharma, chemicals hit hardest as global tensions threaten costs, exports, and naira stability….   Nigeria’s manufacturing sector is coming under…

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Tinubu to Nigerians: We’ll Overcome Hardship Despite Global Pressures

President cites Middle East crisis, inflation fears, and power challenges but insists reforms are on track…..   President Bola Tinubu…

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