Economy

Morison Industries Plc has reported a loss of N18.55 billion for the first quarter ended March 31, 2025, an improvement from the N28.46 billion loss it recorded in the same …

Former Labour Party presidential candidate, Peter Obi, has criticised the Bola Tinubu administration for what he described as the disorganised and poorly executed removal of fuel subsidy and the floating …

Local crude oil refiners in Nigeria have raised alarm over their inability to access crude oil for their operations, accusing oil producers of prioritising sales to international buyers who pay …

Global credit rating agency Fitch Ratings has once again affirmed Stanbic IBTC Holdings PLC at an ‘AAA(nga)’ rating, maintaining the top-tier national long-term rating with a stable outlook. This marks …

Nigeria has been ranked third among Africa’s top ten manufacturing countries, according to a recent report by a leading business information platform for entrepreneurs and investors across the continent. The …

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has said the Dangote Petroleum Refinery should reduce the pump price of Premium Motor Spirit (PMS), commonly known as petrol, below its …

In a significant move to strengthen Nigeria’s healthcare manufacturing capacity, the African Export-Import Bank (Afreximbank) and the Bank of Industry (BoI) have signed a $75 million financing term sheet under …

Senator Ali Ndume, the lawmaker representing Borno South Senatorial District, has openly distanced himself from the recent endorsement of President Bola Ahmed Tinubu for a second term in office. The …

LAGOS, Nigeria – The United States Ambassador to Nigeria, Richard Mills, has announced a renewed American commitment to boosting trade, investment, and private sector collaboration with Nigeria, describing the country …

JOHANNESBURG, South Africa – June 9, 2025: The South African rand opened the week on a quiet note, holding steady against the U.S. dollar in early trading on Monday. The …