Economy and Business
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IMF Urges FG to Review 2025 Budget Amid Falling Oil Prices
The International Monetary Fund (IMF) has advised the Federal Government to review and adjust its 2025 budget assumptions, warning that…
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“The signals are promising” – Group hails CBN over economic reforms
The Centre for Economic Growth and Monetary Reforms (CEGMR) has commended the Central Bank of Nigeria (CBN) for what it…
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REPORT: Economic pressure, visa policies cut Nigerian air travel by 30%
Nigerians have significantly reduced spending on foreign air travel, with a 30 per cent drop to $2.66 billion in 2024,…
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Nigeria’s business climate is scaring off American investors – US Ambassador warns
American businesses are increasingly wary of investing in Nigeria due to complex regulations, policy unpredictability, and trade barriers, according to…
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REPORT: Nigeria’s economy struggles as cost pressures, weak confidence hit private sector
Nigeria’s private sector growth decelerated in May 2025 as rising operating costs and falling business confidence weighed on performance, according…
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Policy Consistency and Currency Stability Crucial to $1 Trillion Goal, NGX Says
The Nigerian Exchange Group (NGX) has identified policy inconsistency and currency volatility as major obstacles to the Federal Government’s plan…
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Naira Steady at ₦1,586.15 to the Dollar as FX Reforms Take Hold
The Nigerian Naira closed the week unchanged at ₦1,586.15 to the U.S. Dollar on Friday at the official foreign exchange…
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Nigerian Stock Market Sheds N48 Billion amid Sell-Offs
The Nigerian Stock Exchange ended the week on a bearish note on Friday, with key performance indicators dipping by 0.07…
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2 years of President Bola Ahmed Tinubu: A Business Perspective – Abdul Samad Rabiu
As Nigeria marks two years under the leadership of President Bola Ahmed Tinubu, I believe it is important to reflect,…
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Tinubu’s Economic Reforms yielding Significant Gains – Analysts
A Gombe-based economic analyst, Mr. Carneleus Moses, has lauded the fiscal reforms implemented by President Bola Tinubu’s administration, arguing that…
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Powering Nigeria’s Energy Transition: Technology, Policy and Collaboration at the Forefront
As the global energy landscape pivots toward sustainability and decarbonization, Nigeria stands at a critical juncture. With hydrocarbon reserves of…
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Electric Vehicles Could Transform Transport in Nigeria — Experts
With Nigeria facing growing transportation and environmental challenges, experts say electric vehicles (EVs) could offer a lasting solution—if the right…
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Stock Market Ends Week Mixed Despite UBA Share Listing Boost
The Nigerian stock market wrapped up the week on a mixed note Friday, with gains in market capitalisation contrasting a…
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NHA Urges FG to Support Hospitality Sector with Grants, Ease Multiple Tax Burdens
The Nigeria Hotel Association (NHA) has called on the Federal Government to extend financial grants to support the hospitality industry,…
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BUA Group donates Headquarters Facility to North-West Development Commission
As part of its ongoing commitment to national development and regional inclusion, BUA Group has officially handed over a fully…
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JUST IN: Nigeria faces economic uncertainty as international oil prices crash below $60
Nigeria is facing a double-barreled economic crisis as Brent crude prices plunge to $59.25 per barrel, well below the 2025…
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JUST IN: CBN posts N38.8 billion profit in 2024, recovers from N1.55 trillion loss
The Central Bank of Nigeria (CBN) has reported a profit after tax of ₦38.8 billion for the 2024 financial year,…
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Major Restructuring in NNPC as New MD Bayo Ojulari Sacks Bala Wunti, 200 Others
Bayo Ojulari, the newly appointed Managing Director of the Nigerian National Petroleum Company (NNPC), has removed over 200 staff members,…
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NNPCL’s $897m Warri Refinery Renovation Fails as Facility Remains Shut
The Warri Refining and Petrochemical Company has remained shut since January 25, 2025, despite the Nigerian National Petroleum Company Limited…
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Nigerians borrow N470 billion in personal loans as economic hardship bites harder
The Central Bank of Nigeria (CBN) has revealed that Nigerians borrowed a staggering N470 billion in personal loans from banks…
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