Newspaper
The Business NG
Japan Denies Visa Plan, Says It's Cultural Exchange, Not Immigration
The Japanese government has denied claims that it is creating a special visa category for Nigerians, sparking backlash against the Bola Tinubu administration.
1 min |
The BusinessNG
The Business NG
Oil States Slash ₦611bn Debt, Rivers Borrows More
Oil-producing states in Nigeria have reduced their domestic debt by about ₦611 billion between June 2023 and March 2025, thanks to huge inflows from the 13% oil derivation fund.
1 min |
The BusinessNG
The Business NG
CBN Sets October 2025 Deadline for Banks, PoS Operators, Others to Upgrade to ISO 20022
The Central Bank of Nigeria (CBN) has directed all banks and payment companies to upgrade their systems to a new global messaging standard
1 min |
The BusinessNG
The Business NG
Five Years, 45 NGX Companies, No Dividend
Investors in at least 45 quoted companies on the Nigerian Exchange (NGX) have gone five straight years without receiving a single dividend, despite committing billions of naira into the market.
1 min |
The BusinessNG
The Business NG
Re-capitalisation: Bank Share Increases Could Slash Investor Returns, Analysts Warn
Analysts are urging investors in Nigeria's banking sector to exercise caution as several banks continue to raise fresh capital through new share issuances.
1 min |
August 25, 2025
The Business NG
Naira Steady as Non-Banks Outshine FPIs
Foreign exchange inflows into Nigeria surged 24% in July 2025, with non-bank corporates taking the lead over foreign portfolio investors (FPIs) for two consecutive weeks, signalling renewed confidence in the nation's economy. Data from FMDQ shows that offshore inflows rose to $1.7 billion, up from
1 min |
August 25, 2025
The Business NG
Stock Market Loses N2.3 Trillion as Investors Sell Shares
Last week, Nigeria's stock market lost about N2.3 trillion because many investors sold their shares.
1 min |
August 25, 2025
The Business NG
Controversy Trails RMAFC's N105bn 2025 Budget
N32 Times Higher Than 2024 Allocation
1 min |
August 25, 2025
The Business NG
Loan Apps Face Crackdown as FCCPC Enforces 2% Cap
The Federal Competition and Consumer Protection Commission (FCCPC) has rolled out fresh regulations to monitor and curb exploitative interest rates charged by Nigeria's digital lenders, triggering backlash from operators in the booming loan app market.
1 min |
The BusinessNG
The Business NG
Economic Recovery Yet Nigerians Struggle with Hardship -NECA
Naira Wobbles Despite 24% FX Surge
1 min |
The BusinessNG
The Business NG
Nigeria's FX Reserves Hit $41bn, Highest in Nearly 4 Years
Nigeria's foreign exchange (FX) reserves have climbed to $41.0 billion, the highest level in 44 months, strengthening the Central Bank of Nigeria's (CBN) firepower to stabilise the naira and boost investor confidence.
1 min |
The BusinessNG
The Business NG
FG to Raise N200bn via Bond Auction in August
The Debt Management Office (DMO), on behalf of the Federal Government of Nigeria (FGN), has announced plans to offer N200 billion in Federal Government bonds for subscription by auction this month.
1 min |
The BusinessNG
The Business NG
Banks Set for Fresh Gains as Inflation Drops, Rate Cut Looms
Nigeria's banking sector is on track to be one of the biggest winners as inflation slows and expectations rise that the Central Bank of Nigeria (CBN) may soon cut interest rates.
1 min |
August 20, 2025
The Business NG
Customs Seizes N690m Illicit Drugs in Katsina, Links Smuggling to Banditry
The Katsina Area Command of the Nigeria Customs Service (NCS) has intercepted illicit drugs valued at about N690 million, marking one of its biggest seizures in recent years.
1 min |
August 20, 2025
The Business NG
Oil Price Decline Deepens, Threatens Nigeria's Fiscal Stability
Global oil prices fell again on Tuesday, heightening pressure on Nigeria's 2025 fiscal plan.
1 min |
August 20, 2025
The Business NG
Nigerians Grapple with Expensive Loans As Defaults Soar -Survey
Nigeria's credit market remains constrained despite the Central Bank of Nigeria (CBN)
1 min |
August 18, 2025
The Business NG
Fuel Prices Drop Again as NNPCL, Dangote Further Adjust Rates
....Petrol Drops to N860-N900 Amid Refinery Discount Wave
1 min |
August 18, 2025
The Business NG
Nigerians Question Sharp Inflation Drop Amid Soaring Living Costs
Nigeria's reported slowdown in inflation in 2025 is sparking debate, as official figures appear at odds with everyday experiences of households across the country.
1 min |
August 18, 2025
The Business NG
Naira Slips to N1,560/$1 as Dollar Scarcity, Contractor Payouts Fuel Pressure
The naira weakened further at the parallel market on Friday, August 15, 2025, closing at 1,560/$1, as rising demand for dollars, government contractor payments, and diversion of foreign exchange tightened liquidity.
1 min |
August 18, 2025
The Business NG
Naira Among Strongest Currencies in World -CBN
Steadies for Record 8 Weeks ●Holds Firm at N1,520-N1,537/$
1 min |
The BusinessNG
The Business NG
ADC: Tinubu Spends 25% of Presidency Abroad
The African Democratic Congress (ADC) has criticized President Bola Tinubu for spending nearly 25% of his presidency outside Nigeria, raising concerns about the impact of his absence on governance and domestic development.
1 min |
The BusinessNG
The Business NG
FG Clears N2tn Debt, States' Surplus Soars to N7.1tn – Edun
The Federal Government has settled over 2 trillion in outstanding capital budget arrears from the 2024 fiscal year, leaving no pending obligations, according to Finance Minister Wale Edun.
1 min |
The BusinessNG
The Business NG
Fuel Price Drops to N890 per Litre – NNPCL
The Nigerian National Petroleum Company Limited (NNPCL) has reduced its premium motor spirit (PMS) pump price, bringing relief to motorists across the Federal Capital Territory.
1 min |
The BusinessNG
The Business NG
Q1 2025: Nigeria Attracts $5.64Bn in Foreign Investment, 90% Driven by Short-Term Capital
Nigeria recorded total capital inflows of $5.64 billion in Q1 2025, marking a sharp 67% increase from $3.38 billion in the previous quarter, according to data from the National Bureau of Statistics (NBS).
1 min |
August 11, 2025
The Business NG
Power Sector at Risk of Collapse Amid Unprepared State Control -Ex-NERC Head
The Nigerian power sector is at risk of collapse as states assume control of electricity markets without adequate preparation, former Nigerian Electricity Regulatory Commission (NERC) Chairman Dr. Sam Amadi has warned.
1 min |
August 11, 2025
The Business NG
Nigeria's Crude Steadies Below $70 Amid Global Political Uncertainty
Nigerian crude oil prices closed just below $70 a barrel, marking a slight pause after a six-session decline, as investors closely monitor ongoing negotiations between the United States and Russia. The potential deal, aimed at resolving the conflict in Ukraine, could reshape Russian crude supply and impact global oil markets.
1 min |
August 11, 2025
The Business NG
$2.4bn FX Scam Uncovered: CBN to Name and Jail Offenders
The Central Bank of Nigeria (CBN) is weighing civil and criminal charges against individuals and institutions involved in fraudulent foreign exchange (FX) forward contracts, following a damning forensic audit that exposed systemic abuse in Nigeria's FX market.
1 min |
The BusinessNG
The Business NG
Amid Soaring Inflation, Nigeria's Stock Market Accounts for 25% of GDP
Despite inflationary pressures and economic uncertainties, Nigeria's stock market has emerged as a strong pillar of the nation's economy, now accounting for 25% of the country's Gross Domestic Product (GDP).
1 min |
The BusinessNG
The Business NG
Tax Burden Deepens as Nigeria Nets N1.95trn VAT in Just Three Months
Despite widespread poverty and eroding purchasing power, Nigeria recorded a staggering 1.95 trillion in Value Added Tax (VAT) collections in the final quarter of 2024, signalling both a sharp increase in consumer spending and the impact of a more aggressive tax regime.
1 min |
The BusinessNG
The Business NG
Nigerians Spend N10.6bn Daily on Data Despite Widespread Poverty
In a country where rising food prices are biting hard, one thing remains untouchable — mobile data.
1 min |