Nigeria’s Petrol Import Bill Crashes 96% as Local Refining Gains Momentum
Nigeria's expenditure on the importation of Premium Motor Spirit (PMS), commonly known as petrol, dropped by more than 96 per ...
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Tag: #NigeriaEconomy
CBN Introduces N100 Million Fine for Banks Over Undocumented FX Transactions
The Central Bank of Nigeria (CBN) has unveiled a major revision of its foreign exchange regulatory framework. The new rules ...
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CPPE Urges Rejection of Sugar-Sweetened Beverage Tax Bill, Warns of Rising Production Costs
The Centre for the Promotion of Private Enterprise (CPPE) has urged the House of Representatives to reject the Sugar-Sweetened Beverage ...
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Nigeria’s Oil and Gas Sector Records 283% Surge in Foreign Capital Inflows, but Share Remains Minimal
Nigeria’s oil and gas sector recorded a dramatic 283.3 per cent increase in foreign capital inflows in the first quarter ...
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Dangote Refinery Raises Processing Capacity to 700,000 Barrels Per Day
Dangote Petroleum Refinery & Petrochemicals has increased its crude oil processing capacity to 700,000 barrels per day (bpd), surpassing its ...
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FG Debt Repayments Exceed 2025 Budget by N1.90tn as Revenue Falls Short
Federal Government debt repayments exceeded the 2025 amended budget allocation by N1.90tn in the first nine months of the year, ...
Read moreNigeria’s Capital Importation Jumps 83.8% to $10.37bn in Q1 2026 as Portfolio Investments Surge
Nigeria recorded a significant increase in capital importation in the first quarter of 2026, attracting $10.37bn in foreign capital inflows, ...
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MAN: Tinubu’s Reforms Push Manufacturers’ Alternative Energy Costs to N1.34tn
The Manufacturers Association of Nigeria (MAN) has said that economic reforms introduced by President Bola Tinubu’s administration have significantly increased ...
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CBN Reassigns Four Deputy Governors in Leadership Reshuffle
The Central Bank of Nigeria (CBN) has reassigned all four deputy governors in a major leadership reshuffle aimed at strengthening ...
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AfDB: Nigerian Banks Lend Only 9.4% of GDP to Private Sector
The African Development Bank (AfDB) has revealed that banks in Nigeria lend the equivalent of only 9.4 per cent of ...
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Business 360 News is a Business and Financial News Platform with an SMEs drive. Published by 360 Network Limited, and created with the aim of disseminating unbiased business stories to readers within and outside Nigeria, providing in-depth analysis of our stories from a critical perspective against the backdrop of realities, actualities, objectivity and balance.