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Nigeria's Population Boom:

The BusinessNG

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The Business NG

Economists Warn of Rising Poverty

- BY NIYI JACOBS

Economists and development experts have raised fresh concerns that Nigeria's rapidly growing population could worsen poverty, hunger, and inequality if not matched with corresponding economic and social development.

المزيد من القصص من The Business NG

The Business NG

"I supported Gbenga Daniel's election as senator, but he's repaying me badly" - Gov. Abiodun

Ogun State Governor, Dapo Abiodun, has accused Senator Gbenga Daniel, who represents Ogun East in the National Assembly, of allegedly sponsoring negative media narratives against him.

time to read

1 min

BusinessNg

The Business NG

Dangote Refinery Raises Petrol Price by N75 to N1,275 per Litre Amid Brent Crude af $114.80

Dangote Refinery has increased its ex-depot petrol price by 75 per litre, raising it from 1,200 to 1,275 per litre, in a fresh adjustment reflecting changes in global oil market conditions.

time to read

1 min

BusinessNg

The Business NG

Nigeria's Growth Run Ends as Economy Slows After 16 Months of Expansion

Nigeria's Economy Contracts for First Time in 16 Months as PMI Falls Below Growth Level Nigeria's economy recorded its first slowdown in over a year in April 2026, as business activity slipped into contraction, according to data released by the Central Bank of Nigeria.

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1 min

BusinessNg

The Business NG

FG, SSANU Hold Last-Minute Talks as Union Threatens Nationwide University Shutdown

The Federal Government is making a fresh push to avert a looming shutdown of public universities as it prepares for emergency talks with the Senior Staff Association of Nigerian Universities (SSA-

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1 min

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The Business NG

Reps Approve $516m Loan for Sokoto-Badagry Superhighway Project

The House of Representatives has approved President Bola Ahmed Tinubu’s request for a $516,333,007 foreign loan to finance sections of the Sokoto-Badagry Superhighway project.

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1 min

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The Business NG

Oil Prices Surge Above $111 as UAE Quits OPEC, Shakes Global Energy Market

Global crude oil prices rallied sharply on Tuesday, with Brent crude climbing above $111 per barrel following the United Arab Emirates' decision to exit the Organization of the Petroleum Exporting Countries (OPEC).

time to read

1 min

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The Business NG

$15M Wiped Off Jaiz Bank Stake as Value Falls from $41M to Below $30M in 62 Days

A sharp downturn on the Nigerian Exchange has significantly reduced the value of an indirect investment linked to Nigerian banker and lawyer Sa'adat Mohammed, as market pressures hit banking stocks.

time to read

1 min

BusinessNg

The Business NG

Each Nigerian Owes About N338,700 as External Debt Hits N78 Trillion

Nigeria's external debt has risen to approximately N78 trillion, reflecting a continued increase in government borrowing to finance infrastructure and development projects across the country.

time to read

1 min

BusinessNg

The Business NG

NGX Slams N562.6 Million Penalty on 32 Firms Over Financial Reporting Breaches

The Nigerian Exchange Limited (NGX) has imposed a total of N562.6 million in fines on 32 listed companies for failing to meet required deadlines for submitting their audited and unaudited financial statements during the 2024/2025 financial year.

time to read

1 min

BusinessNg

The Business NG

GTCO, MTN, Zenith Bank, Others Set for Dividend Payouts as Investors Await Cash Rewards

A wave of dividend payments from leading Nigerian listed companies is set to hit investors’ accounts this week, with major firms including Guaranty Trust Holding Company Plc, MTN Nigeria Communications Plc, and Zenith Bank Plc among those scheduled to reward shareholders.

time to read

1 min

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