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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FG Bans Use of Roadblocks for Tax and Levy Collection Nationwide
By Paul Joseph The Federal Government of Nigeria has officially banned the use of roadblocks for collecting taxes, levies, and other fees across the country, a decision aimed at improving trade flow,…
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Middle East Tensions Force Nigerian Fuel Prices to Record Highs in Abuja and Lagos
By George Omagbemi Sylvester Nigerian consumers are grappling with soaring petrol prices, with the retail cost hitting ₦960 per litre in Abuja and ₦935 in Lagos, as regional instability in the Middle…
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Naira Weakens as Dollar Holds Firm
By George Omagbemi Sylvester Foreign exchange traders and market analysts say the US dollar continues to hold strength against the Nigerian naira, with the dollar trading around ₦1,380 per $1 in Nigeria’s…
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Petrol Prices Set to Exceed N1,000 per Litre as Dangote Refinery Raises Gantry Price
The retail price of Premium Motor Spirit (petrol) in Nigeria is projected to rise to between N980 and over N1,000 per litre due to a recent increase in the gantry price by…
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Tinubu Extends Ban on Raw Shea Nut Export by One Year
By George O. Sylveste President Bola Ahmed Tinubu has approved a one‑year extension of the ban on exporting raw shea nuts in a move aimed at strengthening Nigeria’s domestic processing capacity and…
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Black Market Dollar Rate Surges to ₦1,390 as Naira Faces Renewed Downward Pressure
By George Omagbemi Sylvester Nigeria’s currency faced renewed strain on Thursday, February 26, 2026, as the black market dollar rate climbed to around ₦1,390 to the US dollar, underscoring persistent weaknesses in…
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Saudi Arabia Bans Poultry, Egg Imports from Nigeria, 39 Other Countries
By: Sunday Ameh Saudi Arabia has announced a ban on the importation of poultry and egg products from Nigeria and 39 other countries as part of precautionary measures aimed at protecting public…
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Mbah Revives Decades‑Old Enugu Trade Hall, Boosts Private Sector Momentum
By George Omagbemi Sylvester ENUGU, Nigeria — Governor Peter Ndubuisi Mbah presided over the inauguration of a 3,000‑square‑metre Premium Exhibition and Convention Hall at the Enugu International Trade Fair Complex on Friday,…
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Innoson Expands Workforce, Launches Tractor Plant to Boost Nigeria’s Industrial Growth
By George Omagbemi Sylvester In a decisive move for Nigeria’s industrial sector, Innoson Vehicle Manufacturing, the nation’s leading indigenous auto company, confirmed it now employs 8,000 workers and is set to expand…
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Africa’s Maritime Blind Spot: The 10 Weakest Naval Fleets in 2026
By George Omagbemi Sylvester Across Africa’s vast coastline (stretching from the Mediterranean to the Atlantic and the Indian Ocean) maritime security remains one of the continent’s most neglected defence priorities. While a…
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Dangote Projects ₦1,000/$ Naira by 2026 on Back of Refinery, Industrial Reforms
By George Omagbemi Sylvester Africa’s richest man, Aliko Dangote, has projected that the naira could appreciate to ₦1,000 per dollar before the end of 2026, citing expanded domestic production and the growing…
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FG Investigates Temu Over Alleged Violation of Nigeria’s Data Protection Act
By Paul Joseph The Nigerian government, via the Nigeria Data Protection Commission (NDPC), has initiated an immediate inquiry into the data handling practices of the Chinese-owned e-commerce platform Temu due to suspected…
