Business

Gov Mbah Signs ₦971bn 2025 Budget

Enugu State Governor, Peter Mbah, has signed the state's ₦971 billion 2025 Appropriation Bill into law, promising diligent implementation to achieve the state's prosperity target. The budget, tagged "Budget of…

August 14, 2025

Business

NNPCL Invites Obasanjo To Tour Port Harcourt Refinery

Former President Olusegun Obasanjo, has been invited by the Nigerian National Petroleum Company Limited, NNPCL, to take a tour of the Port Harcourt Refinery. NNPCL, in a statement on Thursday,…

August 14, 2025

Business

BREAKING: National Grid Collapses First Time In 2025

Nigeria's national power grid has collapsed for the first time in 2025, resulting in a nationwide blackout. The collapse, which occurred barely ten days into the new year, marks the…

August 14, 2025

Business

Minister Lokpobiri Explains Why Crude Price Determines Fuel Cost

Heineken Lokpobiri, explains that global crude oil prices determine petrol prices in Nigeria due to deregulation in the downstream sector. Lokpobiri states that the essence of deregulation is for the…

August 14, 2025

Business

CBN Governor Predicts 4.17% GDP Growth, Inflation Decline in 2025

Olayemi Cardoso, predicts a 4.17% growth in the country's Gross Domestic Product (GDP) and a decline in inflation in 2025. Cardoso attributes the expected decline in inflation to President Bola…

August 14, 2025

Business

Naira Appreciates Against Dollar on Black Market

The naira has appreciated against the dollar at the parallel foreign exchange market, closing Monday's trading with gains. According to a Bureau de Change operator, the naira traded at N1,600…

August 14, 2025

Business News

Nigerian Students Threaten Mass Protest Over MTN Tariff Hike

The Lagos State Chapter of the National Association of Nigerian Students Joint Campus Committee has vowed to stage a mass protest at MTN Nigeria's headquarters over a recent data tariff…

August 14, 2025

Business

CBN’s Forex Policies Working, Naira Undervalued by 26.35% – Rewane

Bismarck Rewane, Managing Director of Financial Derivatives Company, has expressed confidence in CBN foreign exchange policies, stating they are yielding positive results. Rewane noted that the naira is currently 26.35%…

August 14, 2025

Business

FG Mulls Shutting Down GAT Over Illegal Activities

The federal government may shut down the General Aviation Terminal (GAT) at Abuja airport due to reports of money laundering and other criminal activities. The GAT is reportedly being used…

August 14, 2025

Business

Low Crude Production, Price Crash May Threaten 2025 Budget, Local Refineries

Nigeria's 2025 budget may be threatened as crude oil prices drop below the projected $75 per barrel. The country's average daily crude oil production also declined from 1.7 million barrels…

August 14, 2025