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…
Your Trusted Source for Accurate and Timely Updates!
Just for You
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
S&P Upgrades Nigeria Credit Rating First Time in 14 Years
LAGOS — S&P Global Ratings has upgraded Nigeria's long-term sovereign credit rating from B-minus to B. The rating agency announced…
Nigeria Stock Market Hits Record N160 Trillion Cap
LAGOS — Nigeria's stock market has reached a record high, with the Nigerian Exchange Group's market capitalization crossing N160 trillion.…
Dangote Refinery Cuts Nigeria’s Crude Imports Sharply
LAGOS, May 14, 2026 — Nigeria's crude imports have dropped sharply as the Dangote Petroleum Refinery and other local refineries…
Naira Holds Steady at N1,370 as CBN Watches Market
LAGOS — The Nigerian naira traded at around N1,370 to the United States dollar in the official market on Thursday…
Dangote Refinery Is Quietly Saving the Naira, Analysts Say
A few years ago, most Nigerians saw the Dangote Petroleum Refinery as a project that was always "almost ready." A…
Nigeria Plans N29 Trillion Borrowing in 2026, NESG Warns
N159 trillion. That is how much Nigeria owes as of the beginning of 2026. And the government plans to borrow…
Naira Holds Firm as Dangote Effect Steadies FX Market
For the first time in years, Nigerians checking the exchange rate are not getting a bad shock. The naira has…
Nigeria’s Inflation Drops to 15.10% as Food Prices Continue to Fall
Nigeria's headline inflation rate recorded a marginal decline in January 2026, settling at 15.10 percent—a 0.05 percentage point drop from…
