Business

Dollar to Naira Exchange Rate Plummets to N1600 at Black Market

The dollar to naira exchange rate has plummeted to N1600 at the black market, also known as the parallel market (Aboki fx), as of Monday, August 19, 2024. According…

August 14, 2025

Business

Enugu Generates N35.9bn IGR in Seven Months

Enugu State Government has recorded a significant increase in its Internally Generated Revenue (IGR), raking in N35.9 billion between January and July 2024. This surpasses the N33.9 billion…

August 14, 2025

Business

SEC Regulates Crypto Trading in Nigeria, Approves Quidax, Busha

Nigeria's Securities and Exchange Commission (SEC) has taken a step towards regulating the cryptocurrency market in the country. On August 29, 2024, the SEC announced that it has granted an…

August 14, 2025

Business

FG Plans Tax Exemption On Food, Transportation, Rents

In a bid to make basic necessities affordable for Nigerians, the federal government has announced plans to remove taxes on food, house rents, and public transportation services. This…

August 14, 2025

Business

Innoson Launches Nigeria’s First Electric Vehicle

Innoson Vehicle Manufacturing Company (IVM) has announced the successful production and launch of its pioneering electric vehicle, manufactured entirely at its state-of-the-art facility in Nnewi, Anambra State. According to Cornel…

August 14, 2025

Business

Meta Introduces Teen Accounts for Young Instagram Users

Meta, the parent company of Instagram has introduced a new feature called "Teen Accounts" aimed at enhancing the safety and wellbeing of young users of the app. Teen Accounts will…

August 14, 2025

Business

FG Initiates Naira-Based Crude Oil Sales to Dangote Refinery

The Technical Sub-Committee on Domestic Sales of Crude Oil in Local Currency has confirmed that the Nigerian National Petroleum Company (NNPC) Limited will begin supplying crude oil to the Dangote…

August 14, 2025

Business

Nigeria’s Foreign Investment Landscape: 26 States Attract Zero Capital in One Year (See List)

Foreign investors have largely overlooked 26 states in Nigeria, as the nation’s capital importation reached $2.6 billion in the second quarter of 2024, reflecting a significant year-on-year increase of 152.81%…

August 14, 2025

Business

FG Blocks Shell’s $1.3bn Sale of Oil Assets to Renaissance Group

The Federal Government of Nigeria has officially rejected Shell’s proposed $1.3 billion sale of its onshore oilfields to the Renaissance Group, according to reports from the Nigerian Upstream Petroleum Regulatory…

August 14, 2025

Business

BRICS Expands Alliance, Welcomes Nigeria, 12 Other Nations as Partners

In a move to enhance its global influence, the BRICS alliance has officially welcomed Nigeria and 12 other nations as partner countries during its recent summit in Kazan, Russia. This…

August 14, 2025