Business Insights
Latest business trends and insights.
The naira was among the more resilient African currencies during the second quarter of 2026, despite a wave of exchange rate pressure caused by rising geopolitical tensions and higher energy prices, the World Bank has said.
The naira was among the more resilient African currencies during the second quarter of 2026, despite a wave of exchange rate pressure caused by rising geopolitical tensions and higher energy prices, the World Bank has said.
The average prices of petrol and diesel have risen by 86 per cent in 2026, with the two products reaching their highest average price levels for the year by September 22, according to the latest fuel price trend report by priceandpromo.
The Central Bank of Nigeria on Monday said it had opened two foreign-currency domiciliary accounts for the controversial Presidential Foreign Investment Promotion Council.
Nigerian fuel importers are facing renewed pressure as rising international petrol prices and higher freight costs increase the cost of bringing products into the country, while the Dangote Petroleum Refinery’s pricing continues to limit import opportunities, according to a new market report.
Oil prices fell on Monday on optimism over US-Iran talks, with mediators flagging a “roadmap” to a final agreement, while equities were mixed.
Human rights activist and former presidential candidate, Omoyele Sowore, has criticised the arrest of three individuals over a viral claim involving businessman Tony Elumelu, describing the action as unjustified and unlawful.
Nigeria’s non-oil export sector recorded a historic milestone in 2025, with export value hitting $6.1 billion and market reach expanding to 210 countries, the Nigerian Export Promotion Council (NEPC) has disclosed.
A Kwara-based entrepreneur, Yusuf Babatunde Abdullahi, has called on governments at all levels to prioritise pro-business policies and create an enabling environment to unlock...
The International Monetary Fund approved a further $700 million in loans for Sri Lanka on Thursday, while urging Colombo to accelerate reforms to guard its post-2022 economic recovery and address shocks from the Middle East crisis.
The Economic Community of West African States has commenced its 2026 recruitment exercise, inviting qualified citizens from member states, including Nigeria, to apply for over 30 positions across its various institutions.
The Nigerian Export Promotion Council and the National Onion Producers, Processors and Marketers Association of Nigeria have launched a joint push to formalise cross-border trade
Amid rising geopolitical tensions in the Middle East and their ripple effects on global energy markets, the Dangote Petroleum Refinery has increased the gantry price of petrol
The African Export-Import Bank approved a $10bn financing programme to help African and Caribbean economies cushion the impact of economic disruptions triggered by the escalating conflict in the Middle East.
Billionaire businessmen Femi Otedola and Aliko Dangote visited President Bola Tinubu at his Ikoyi residence on Easter Sunday
The United States reduced its purchase of Nigerian crude oil sharply in January 2026, with imports dropping by about 47.16 per cent month-on-month, according to the latest data from the U.S.
FCMB Capital Markets Limited, the investment banking arm of FCMB Group Plc...
The Nigerian Communications Commission (NCC) has directed Mobile Network Operators (MNOs) to compensate subscribers who experience substandard network services in areas where quality benchmarks are not met.
The Nigerian Railway Corporation (NRC) has commenced the recertification process for the Lagos Rail Mass Transit Red Line, in a move aimed at securing a full operational licence for the urban rail system.
