Business news
Nigeria’s Prime Lending Rate Rises to 18.88% in August Despite MPR Reduction
The average prime lending rate in Nigeria’s banking sector rose to 18.88 per cent in August 2025, up from 18.54...
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SEC, SMEDAN Sign MoU to Boost SME Access to Capital Market Financing
The Securities and Exchange Commission (SEC) and the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) have signed a...
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Nigeria Produces 454.28 Million Barrels of Oil and Condensates in Nine Months — NUPRC
Nigeria produced a total of 454.28 million barrels of crude oil and condensates between January and September 2025, according to...
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Nigeria’s Inflation Eases to 18.02% in September Amid Falling Food and Energy Prices — NBS
Nigeria’s inflation rate eased to 18.02 per cent in September 2025, down from 20.12 per cent in August, according to...
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COP30 to Deepen Nigeria–Brazil Climate Cooperation, Says Environment Minister
The Minister of Environment, Balarabe Lawal, has said that the upcoming Conference of the Parties on Climate Change (COP30), organized...
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Manufacturers Lament Rising Energy Costs, Infrastructure Gaps Despite Economic Reforms
Manufacturers across Nigeria have voiced deep concern over the worsening business environment, saying that despite ongoing economic reforms, the industrial...
Read moreNigeria Nears 2.5m bpd Output Target as NUPRC Approves 28 New Oil Field Projects
Nigeria is edging closer to achieving its 2.5 million barrels per day (bpd) oil production target as the Nigerian Upstream...
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NCC: Tariff Reforms Attract Over N1tn in New Telecom Investments
The Nigerian Communications Commission (NCC) has revealed that recent tariff reforms in the telecommunications sector have spurred over ₦1 trillion...
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World Bank Pledges $30 Billion to Power 300 Million Africans by 2030
The World Bank has warned that unreliable power supply continues to be a major barrier to economic growth in Africa,...
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Petrol Nears ₦1,000 Per Litre as Marketers Move to Import Fuel Independently
Amid worsening fuel supply challenges and escalating pump prices, petroleum marketers in Nigeria have begun moves to independently import petrol...
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