by
Category: Business & Economy
Business & Economy News
-

RESIDENTS GROAN AS GANG VIOLENCE DISRUPTS BUSINESSES IN KANO COMMUNITY.
Residents of Kawo in the Nasarawa Local Government Area of Kano State have raised the alarm over renewed violence linked to suspected gang activity, as clashes entered a third straight day on Tuesday.
-

CBN REDEPLOYS FOUR DEPUTY GOVERNORS.
The Central Bank of Nigeria has reassigned all four deputy governors of the institution.
by
-

MIDDLE EAST : DANGOTE REFINERY BECOMES WORLD’S BIGGEST JET FUEL EXPORTER AMID SUPPLY DISRUPTIONS.
The Dangote Petroleum Refinery has emerged as the world’s largest single exporter of aviation fuel in April, thanks to supply disruptions triggered by the conflict in the Middle East, which have significantly boosted exports of refined petroleum products to international markets.
by
-

AVERAGE PETROL PRICE HITS ₦1,532 PER LITRE.
The average retail price paid by consumers for Premium Motor Spirit (PMS), otherwise known as petrol, rose by 23.69 per cent year-on-year to N1,532.93 in April 2026.
by
-

NIGERIA, TURKIYE SIGN MOU TO DEEPEN COOPERATION IN SOLID MINERALS DEVELOPMENT.
The Federal Government and the Republic of Türkiye have signed a Memorandum of Understanding (MoU) to strengthen bilateral cooperation in the solid minerals sector, marking a significant step towards deepening economic collaboration between both countries.
by
-

FERRARI UNVEILS FIRST FULLY ELECTRIC CAR.
Italian luxury carmaker Ferrari has unveiled its first fully electric model, the Luce, belatedly joining rivals like Porsche and Lamborghini to offer clean-energy driving thrills.
by
-

DON’T LEAVE NIGERIA WITHOUT VALID VISA, PASSPORT, FG WARNS NIGERIANS.
The Federal Government has warned Nigerians against leaving the country without valid travel documents.
by
-

LAGOS MOVES TO RESCUE MSMEs WITH ₦5BN INTERVENTION FUND.
The Lagos State Government has released ₦5 billion to support small businesses under its flagship MSME financing programme, LASMECO, as part of efforts to expand access to funding for entrepreneurs and cooperative-based enterprises across the state.
by
-

NIGERIANS SHOULD BE WORRIED ABOUT TINUBU’S $11.6bn DEBT SERVICING PLAN — PETER OBI
A former Anambra State Governor, Peter Obi, on Monday said that the country’s plan to spend about $11.6 billion on debt repayments in 2026 should worry Nigerians and raise broader…
by
-

REFORMS, FX GAINS: S&P RAISES NIGERIA’S CREDIT RATING FIRST TIME IN 14 YEARS.
In a statement dated May 15, 2026, the Agency acknowledged that improvement in Nigeria’s credit profile reflected gains from three years of structural reforms under the Tinubu administration, particularly the liberalisation of the foreign exchange market.
by
-

FG IN TALKS WITH WORLD BANK FOR FRESH $1.25BN LOAN
The development comes days after the Accountant-General of the Federation, Dr Shamseldeen Ogunjimi, warned that Nigeria may reject loan facilities from the Bank if delays in approval and disbursement persist for more than six months.
by
-

CBN URGES STATES TO REDUCE RELIANCE ON OVERDRAFTS.
The Central Bank of Nigeria (CBN) has called on state governments to cut down on overdrafts and short‑term financing.
by
-

CBN UNVEILS ₦1.05 TRILLION TREASURY BILLS AUCTION AS INVESTORS AWAIT POLICY INSIGHTS.
The Central Bank of Nigeria is set to gauge investor appetite with a major Treasury bills sale today, offering ₦1.05 trillion worth of short-term securities. The auction comes on the…
by
-

DANGOTE GROUP SEALS MAJOR PARTNERSHIP WITH BAIC FOTON FOR CNG-POWERED TRUCKS.
Dangote Group has partnered with Chinese commercial vehicle manufacturer BAIC FOTON to acquire over 1,000 CNG-powered trucks, boosting logistics and distribution across Nigeria and Sub-Saharan Africa. The partnership strengthens Dangote…
by
-

DANGOTE CEMENT SIGNS $1BN DEAL WITH SINOMA FOR 12 NEW PLANTS ACROSS AFRICA.
Dangote Cement Plc has signed a landmark $1 billion agreement with Sinoma International Engineering to construct 12 new cement plants and expand existing facilities across Africa. This strategic partnership aims…
by
-

MTN NIGERIA INVESTS HEAVILY IN NETWORK EXPANSION.
MTN Nigeria has invested N1tn in 2025 to expand fibre infrastructure, roll out additional base stations, and strengthen network capacity nationwide. The capital expenditure, more than double the prior year’s…
by
-

GLO AND SAMSUNG LAUNCH GALAXY S26 SERIES: PRE-ORDERS NOW OPEN.
Globacom, Nigeria’s digital solutions company, has partnered with Samsung to launch the highly anticipated Galaxy S26 series in Lagos. The event marked the beginning of an exclusive pre-order window for…
by
-

NNPC SET TO LAUNCH CAWTHORNE CRUDE GRADE, EYEING OPEC BOOST.
Nigeria’s national oil company, NNPC, is set to launch a new crude oil grade called Cawthorne in March, aiming to boost the country’s oil production and strengthen its position within…
by
-

SHEIN BOSS TO PUMP $1.45BN INTO CHINA FASHION HUB.
Shein founder Xu Yangtian, also known as Sky or Chris Xu, made a rare public appearance at the High-quality Development Conference in Guangzhou, Guangdong, pledging to invest over 10 billion…
by
-

BUA GROUP CHAIRMAN ABDUL SAMAD RABIU GIFTS 510 EMPLOYEES $20.7MILLION.
Abdul Samad Rabiu, Chairman of BUA Group, has gifted 510 employees $20.7 million (N30 billion) as a token of appreciation for their commitment and dedication to the conglomerate. Five staff…
by






