Business
Explore the latest trends in business, finance, and economics. Get insights into market developments, entrepreneurial success stories, and investment tips.
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Falling Crude Prices May Ease Petrol Costs for Nigerian Motorists
Nigerian motorists may soon experience some relief at filling stations as international crude oil prices fall amid renewed diplomatic efforts to end the conflict between the United States and Iran. Brent crude,…
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Deep Blue Project Gets New Assets To Track Vessels, Curb Maritime Crimes
By Opeyemi Adelakun The Federal Government has strengthened its maritime security operations with new equipment under the Deep Blue Project, as authorities intensify efforts to curb illegal fishing, cargo violations and other…
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FG unveils SPARK USSD credit service for Nigerians without smartphones
The Federal Government has introduced SPARK, a USSD-based credit service designed to help Nigerians access consumer loans using basic mobile phones without internet connectivity. The service was unveiled by the Nigerian Consumer…
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Nigerian Banks Raise Lending Rates For Top Borrowers Despite CBN Cuts
By Opeyemi Adelakun Nigerian banks have increased lending rates for top-rated corporate borrowers in eight major sectors despite successive interest rate cuts by the Central Bank of Nigeria (CBN), raising concerns about…
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Nigeria Receives $1.57bn in Diaspora Remittances
By Opeyemi Adelakun The Nigerians in Diaspora Commission (NiDCOM) has announced that remittances from Nigerians living abroad rose to a record $1.57 billion in the second quarter of 2026, describing the development…
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CBN Approves JPMorgan’s Plan to Establish Merchant Bank in Nigeria
By George Omagbemi The Central Bank of Nigeria (CBN) has granted preliminary approval to JPMorgan Chase to establish a merchant bank in Nigeria, marking a significant development in the country’s financial services…
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Dangote Unveils $660m Ethiopia-Djibouti Pipeline Project, Targets Jobs and Energy Security
By George Omagbemi Nigerian industrialist Aliko Dangote has unveiled a major $660 million petroleum infrastructure project designed to connect Ethiopia with Djibouti’s coast, as part of efforts to improve energy security, reduce…
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NGX Rally Continues as Investors Gain ₦652bn, Market Return Hits 56.99%
By George Omagbemi The Nigerian equities market has extended its bullish run, with investors gaining approximately ₦652 billion in market value as sustained buying interest in major stocks pushed the market higher…
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NCAA Reports Surge in Flight Delays; Sanctions RwandAir for Consumer Rights Breach
…..As Air Peace and United Nigeria Airlines flagged for highest disruptions in August 2026 The Nigeria Civil Aviation Authority (NCAA) has reported that domestic airlines delayed 4,765 flights and cancelled 36 others…
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Stock Market Loses N1.9tn as Investors Cash Out After Bullish Run
By George Omagbemi The Nigerian stock market has lost ₦1.9 trillion in market value as investors intensified profit-taking following a strong bullish run on the Nigerian Exchange Limited (NGX). The latest decline…
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Dangote Refinery Raises Petrol Gantry Price To N1,350 Per Litre
By Opeyemi Adelakun Dangote Petroleum Refinery has raised the price of Premium Motor Spirit, commonly known as petrol, from N1,265 to N1,350 per litre. The new gantry price took effect on Saturday,…
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Nigeria’s Trade Gap Swings Further Into Surplus As Exports Hit N27tn In Q2
By Opeyemi Adelakun Nigeria’s merchandise trade position strengthened sharply in the second quarter of 2026 as exports surged above imports, leaving the country with a N12.6tn trade surplus, fresh figures from the…