The Central Bank of Nigeria (CBN) has reduced its Ways and Means advances to the Federal Government by 59 percent, signalling a new phase of fiscal discipline under the leadership …
Radarr Africa Business Desk
Radarr Africa Business Desk
The Radarr Africa Business Desk reports daily on companies, markets, banking, energy, technology and policy across Nigeria and Africa. Stories are reviewed and edited by The Radarr Africa Editorial Team in Lagos. Story tips and corrections: business@radarr.africa.
- AfricaBanking, Finance & InvestmentEconomyFinance & ServicesGOVERNMENTNigeriaPoliciesWestern Africa
- AfricaBusinessBusiness InsightsEconomyEnergyFinance & ServicesGOVERNMENTMarketsNigeriaOil & Gas
Oil Companies Record Sharp Profit Drop as Global Prices Fall, Nigeria’s Economy Feels the Heat
Major oil companies around the world have recorded sharp drops in profit in the first quarter of 2025, as the fall in global oil prices and rising production costs continue …
- AfricaAgricultureBusinessBusiness InsightsBusiness PoliciesDangote IndustriesEconomyGOVERNMENTINVESTMENTManufacturingPoliciesTrade and Commerce
NASSI Partners Dangote Group to Boost Investment in Nasarawa State
The Nasarawa State Chapter of the Nigeria Association of Small-Scale Industrialists (NASSI) has entered into a partnership with Dangote Industries Limited to explore new investment opportunities and boost industrial development …
- BusinessBusiness and EconomyBusiness InsightsBusiness PoliciesEconomyEnergyEnvironmentGOVERNMENTPoliciesTransportation & Logisitics
Govt delists CNG conversion centre over sharp practices
The Presidential Initiative on Compressed Natural Gas (PCNGI) has removed one of its key conversion partners, Charles Goriola Yakub of C & L Smart Energy Limited, over what it described …
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FG Launches Creative Economy Development Fund to Support Nigerian Creatives, Opens Applications
The Federal Government has launched a new funding programme called the Creative Economy Development Fund (CEDF) to support people working in Nigeria’s creative sector. The fund was introduced by the …
- EconomyELECTRICITYEnergyGOVERNMENTNigeriaPolicies
Tinubu to Meet Power Firms as FG Moves to Tackle N4tn Electricity Sector Debt Crisis
President Bola Tinubu is expected to meet with the leadership of Nigeria’s power-generating companies (GenCos) in a high-level intervention aimed at addressing the N4tn debt threatening the country’s already fragile …
- Banking, Finance & InvestmentEconomyEducationFinance & ServicesGlobal NewsINVESTMENTNigeriaWestern Africa
CBN Governor Reaffirms Commitment to Economic Stability and Transparency Amid Reforms
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has reaffirmed the bank’s commitment to ensuring long-term economic stability, financial inclusion, and policy transparency as Nigeria continues with …
- BusinessBusiness InsightsBusiness PoliciesEconomyEnergyInfrastructureNigeriaOil & GasPoliciesWestern Africa
Dangote Vows to Keep Fighting for $20bn Refinery Amid Alleged Sabotage
President of Dangote Group, Alhaji Aliko Dangote, has said he is still fighting for the survival of his $20 billion refinery in Lekki, Lagos State. Dangote, Africa’s richest man, revealed …
- BusinessEconomyFinance & ServicesInnovationLeadership
Business Leaders Urge Innovation, Talent-Driven Strategy Amid Tough Nigerian Economy
Top Nigerian business leaders have stressed the need for innovative thinking and strategic personnel choices to drive growth as companies continue to battle the country’s challenging economic conditions. The call …
- AviationEconomyGOVERNMENTInfrastructureLabourNigeriaPoliciesTransportation & Logisitics
Aviation Union Raises Alarm Over Safety, Revenue Cuts, and Labour Concerns
The President of the National Union of Air Transport Employees (NUATE), Ben Nnabue, has warned that the continued deduction of 50 per cent from the internally generated revenue (IGR) of …