Business News

Paul Biya, aged 92, wins eighth term as Cameroon president

October 27, 2025

Peter Obi calls for port diversification beyond Lagos amid $1 billion Apapa and TinCan upgrade

October 27, 2025

NiMet forecasts dust haze, rainfall across Nigeria from Monday to Wednesday

October 27, 2025

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Business News

Business and economic news from Nigeria and around the world.

Here are the ten highest paid athletes of the decade; one earned $915 million

January 2, 2020

A list of ten highest-paid athletes in the last decade has been released by Forbes.

Omatek Ventures’ shares make stock market return as NSE lifts suspension

NSE lifts suspension on Omatek Ventures’ shares

Omatek Ventures Plc has taken the required steps to unsuspend its shares on the Nigerian Stock Exchange (NSE).

diaspora remittances, Total credit to the economy rose to N19.54trillion – CBN Governor, CRR debits, P-AADS, #EndSARS: CBN says funds in frozen accounts may be linked to terrorist activities, Covid-19: Court closures impacted revenue generation for courts - Emefiele, P&ID dispute: UK Court orders $200 million guarantee to FG, Leaked letter by Poultry Farmers Association triggered CBN emergency approval to import maize, nImplications of CBN's latest devaluation and FX unification, current account deficit, IMF, COVID-19, CBN OMO ban could give stocks a much-needed boost , CBN’s N132.56 billion T-bills auction records oversubscription by 327% , Nigeria pays $1.09 billion to service external debt in 9 months , Implications of the new CBN stance on treasury bill sale to individuals, Digital technology and blockchain altering conventional banking models - Emefiele , Increasing food prices might erase chances of CBN cutting interest rate , Customer complaint against excess/unauthorized charges hits 1, 612 - CBN , CBN moves to reduce cassava derivatives import worth $600 million , Invest in infrastructural development - CBN Governor admonishes investors , Credit to government declines, as Credit to private sector hits N25.8 trillion, CBN sets N10 billion minimum capital for Mortgage firms, CBN sets N10 billion minimum capital for Mortgage firms , Why you should be worried about the latest drop in external reserves, CBN, Alert: CBN issues N847.4 billion treasury bills for Q1 2020 , PMI: Nigeria’s manufacturing sector gains momentum in November, CBN warns high foreign credits could collapse Nigeria’s economy, predicts high poverty, MPC Member, BVN, Fitch, Foreign excchange (Forex), Overnight rates crash after CBN’s N1.4 trillion deduction, Nigeria’s foreign reserves hit $36.57 billion; Emefiele keeps his word on defending the naira, CBN to support maize farmers, projects 12.5 million metric tons in 18 months, BREAKING: CBN Upscales Greenwich Trust Limited, grants it's operational license for merchant banking, AGSMEIS: CBN expand beneficiaries to 14,638., CBN expands access to mortgage financing

Foreign reserves drop by $4.45 billion in 2019

by Titobioluwa Okunade

The country’s foreign reserves dropped by $4.45 billion from the $43.07 billion recorded in January 2019 to $38.61 billion in...

Nigeria set to lose on latest Bilateral Air Service Agreements, United States announces changes to work permit visas that could affect Nigerians

U.S companies in Nigeria created over 3 million jobs, generate N1.4 trillion revenue- ABC

by Bamidele Samuel Adesoji

As high unemployment rate continues to remain a perennial problem in Nigeria, U.S companies in the country created over 3...

Petrol price will increas says Rewane, Bismarck Rewane raises concerns over impact of FG’s policies on Nigerians , Rewane discloses sectors to drive economy, government projects to shape businesses

Here are reasons Rewane says Nigerians’ incomes will shrink in 2020

Bismarck Rewane has warned that the income and purchasing power of Nigerians would be hit by the policies of President...

Government should create special window for manufacturers to assess forex- Adeniyi

Vitafoam posts N2.38billion PAT, to pay N525 million dividend

by Titobioluwa Okunade

Vitafoam Nigeria Plc posts improved profit and is set to pay a dividend of N525 million for the year ended...

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

Politics

Full text of President Muhammadu Buhari’s Letter to Nigerians

by Abiola Odutola

President Muhammadu Buhari wrote a letter, which was made available to newsmen on Wednesday, to Nigerians to commemorate the New...

Nigerian banks raked in N96.483 billion from electronic business in Q1 2023

CBN’s new bank charges takes off today

by Abiola Odutola

The new CBN regime of banking charges against customers for services rendered is expected to start today, January 1st, 2020.

Gas supply drops by 225 million scfd, stalls power generation

by Abiola Odutola

The volume of gas supplied to gas-fired power plants dropped from 820 million standard cubic feet per day (mmscfd) in...

FG battles 6 oil firms for failure to remit N20 trillion , ExxonMobil, Shell, Chevron delay $58.4 billion oil and gas investment in Nigeria, Crude Oil: Nigeria’s oil production slips for the third consecutive month , Tax reform, policy uncertainty to cause oil drop as foreign firms look outside Nigeria, Nigeria plans to support oil price with lower production cost per barrel, Oil price slumps further to $30 pb, as Nigeria grapples with high production cost, Reduction in PMS: A nod to the deregulation of the downstream sector?

ExxonMobil, Shell, Chevron delay $58.4 billion oil and gas investments in Nigeria