Business News
Nigeria’s Oil Production Falters Despite Decade of Rig Expansion
Abuja, Nigeria — Nigeria’s oil production has slowed in recent months despite a decade-long increase in the number of drilling rigs, raising questions about the efficiency of investments in the…
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Akpabio Reject Acting President Claims, Insist Tinubu Still in Charge
Senate President Godswill Akpabio has firmly rejected claims that he is Nigeria’s Acting President during…
NAFDAC Places Mofus Nigeria Products on Watchlist Amid Probes
The National Agency for Food and Drug Administration and Control (NAFDAC) has placed products manufactured…
NBA Urges Politicians to Embrace Legal Channels, Reject Violence
The Nigerian Bar Association (NBA) has urged political actors in Kaduna State to seek legal…
Madagascar Arrive in Nigeria Ahead of AFCON 2027 Match
Madagascar’s national football team has arrived in Nigeria ahead of their crucial AFCON 2027 qualifier…
Lasted Business News
Dangote Crude Supply Crisis Deepens Despite Oil Production Rise
The Dangote Petroleum Refinery is grappling with a deepening domestic crude supply crisis despite Nigeria recording its highest oil production…
CBN Issues New Forex Rules, Allows Individuals to Move Up to $50,000 Cash
The Central Bank of Nigeria issued fresh foreign exchange guidelines this week that allow individuals to move cash of up…
Tinubu Breaks Optasia Monopoly, Opens N3 Trillion Airtime Credit Market
President Bola Tinubu directed the Federal Competition and Consumer Protection Commission to dismantle the 12-year monopoly held by South African…
Manufacturers Seek Government Help As Energy Costs Hit N1.34 Trillion
The Manufacturers Association of Nigeria has called for collaborative solutions with the government. The association highlighted severe operational challenges facing…
Nigeria and African Leaders Pitch for UK Investment at London Forum
LONDON — Nigeria and other African leaders are actively promoting investment opportunities at the London Stock Exchange as part of…
Clearing a Container in Cotonou Costs Half of Nigerian Port Rates
LAGOS — A striking new comparison has emerged that captures the depth of Nigeria's port competitiveness crisis. Vanguard reported on…
CBN Reshuffles Deputy Governors in Major Leadership Restructuring
ABUJA — The Central Bank of Nigeria has carried out a significant reshuffle of its Deputy Governors. Vanguard reported the…
Nigeria Food Import Bill Falls 7.4% to $2.34bn in 2025 Despite Higher Imports
LAGOS — Nigeria's spending on food imports declined by 7.4 percent year-on-year to $2.34 billion in 2025, signalling a moderation…
