Business News

Lagos lost N19.52 billion to fire in 2024 – Sanwo-Olu

August 12, 2025

FCTA demolishes ‘Cashew Garden’ shanties in Apo to curb criminal activities

August 12, 2025

Oyebanji dissolves Executive Council, spares key commissioners and two Special Advisers in Ekiti

August 11, 2025

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Business News

Business and economic news from Nigeria and around the world.

NDDC, Cash transfer, President Buhari, non-oil Exports, oil revenue, export revenue, FG Waives import duties for medical supplies, Orders Customs to expedite clearing, Presidency faults report on Kyari as Buhari didn’t cancel memos, appointments approved by him

FG waives import duties for medical supplies, orders Customs to expedite clearing

by Ruth Okwumbu-Imafidon

The waiver is expected to strengthen the health system in the country, and support the efforts of the Nigerian Centre...

Quick Take: Focus on UACN’s weak operating performance in Q1

by CSL Stockbrokers

We have a target price of N17.0/s on UACN with a BUY recommendation.

U.S dollar ignores red flags, surge against major currencies

by Olumide Adesina

The American dollar continued its bullish run for 48 hours, even as currency traders raised concerns over rising tensions between...

Crude oil in Nigeria, Oil producing states in Nigeria, Department of Petroleum Resources, DPR yet to recognise Anambra Enugu and Kogis States as oil producers, West Africa’s crude inventory is building up as demand slows due to Coronavirus, Oil at $26, as Saudi Arabia in no retreat no surrender oil battle with Russia, Crude oil prices fall to $30 as COVID-19 erases gains from oil production cuts, Crude oil prices surge higher as Brent crude hits almost $30 per barrel , Brent crude plunges 5%, world’s second largest economy skips economic growth target

Crude oil prices surge higher, Brent crude nears $30 per barrel

With the slowdown in supply glut and improvement in oil demand due to easing of lockdown in economies across Europe,...

Where to Invest N5 Million right now

by Olumide Adesina

Investment analysts advice on varieties of opportunities ranging from buying stocks to investing in Eurobonds, cryptocurrencies, foreign currencies, and even...

AfCFTA,,Take-off of Africa Free Trade Zone suffers set back

Politics

AfCFTA delay: A bane to Africa’s $3.4 trillion economic bloc

by CSL Stockbrokers

Wamkele Mene, revealed that the implementation of the AfCFTA agreement will not begin on July 1st, 2020 as planned due...

Banking crisis imminent over debt by independent oil producers, Crude oil prices up 32% though report still paints gloomy picture Crude oil prices up 32% though report still paints gloomy picture, Hope for Higher Oil Prices., Nigeria’s oil crisis compounded as India’s fuel demand crash by 60% , Nigeria’s Bonny light hits $25 dollars, Saudi pledges more oil cuts

Nigeria’s oil crisis compounded as India’s fuel demand crashes by 60%

In what may have compounded Nigeria’s energy crisis, India has reported a 60% slump in gasoline and diesel demand

Naira maintains stability at forex markets as dollar supply rise by 57%, Exchange rate, dollar, Foreign Direct Investment, Global Investment, Naira appreciates at I & E window, hits N384 to $1

Naira appreciates at I&E window, hits N384 to $1

CBN intervenes in the foreign exchange market, the local currency, naira, on Monday May 4, 2020, appreciated against the dollar

FG spends $22.2m of $322m Abacha loot on social programmes, FG recovers another $311 million Abacha loot from US, Jersey, $311 million Abacha loot handed over to Nigeria Sovereign Investment Authority — FG

FG recovers $311 million Abacha loot from US, Jersey

Nigeria has recovered over $311 million of stolen funds from the country’s former military ruler, General Sani Abacha from the...

Meet the people in the engine rooms of top companies on the NSE

by Ruth Okwumbu-Imafidon