Business

Nigerians Turn to Boiled Tomato Mix Amid Rising Costs

In an apparent bid to cope with soaring tomato prices, many Nigerian households have returned to the once-common practice of buying boiled tomato mix. Economy...

The N500 Billion Titans: International Banks Lead

Under the CBN’s new minimum capital requirements, commercial banks with international authorisation were required to hold at least N500 billion in paid-up capital, a...

New Tax Platform Launches, Promoting Compliance Among Firms

Businesses across Nigeria have been urged to begin transitioning to the country’s new e-invoicing regime with the official launch of UsawaConnect, a compliance-focused platform...

Nigeria’s Ways & Means Portfolio Falls to N2.84 Trillion Amid Reforms, CBN Governor Says

Abuja – Nigeria’s Ways & Means financing has declined sharply to N2.84 trillion, down from the N26.95 trillion inherited by the current administration, the...

Oil Prices Fall as US-Iran Peace Hopes Ease Market Fears

Global oil prices tumbled and stock markets rose on Wednesday after reports that Washington had sent a peace plan to Iran, while Tehran assured...

Drop in Global Crude Sparks Calls for Dangote Refinery Petrol Price Review

The recent decline in global crude oil prices has intensified calls for the Dangote Refinery to reduce its petrol price, currently set at N1,245...

Naira Holds Steady Against Dollar as CBN Reforms Boost FX Market Stability

The Nigerian Naira remained relatively stable against the US Dollar at the start of the trading week, reflecting the continued impact of recent policy...

Dangote Refinery Raises Petrol Price to N1,245/Litre Amid Global Oil Surge

The Dangote Refinery has increased its gantry price for premium motor spirit (petrol) to N1,245 per litre from N1,175, marking the fourth adjustment in...

Keyamo Dismisses Claims of Security Threat at Akure Airport

Festus Keyamo, Minister of Aviation and Aerospace Development, has clarified that the recent security breach near Akure Airport did not involve a direct attack...

Ethiopia Fertiliser Plant Gets Gas Support via Dangote-China Dea

Dangote Industries Limited (DIL) has secured a $4.2 billion, 25-year natural gas supply agreement with China’s GCL Group to power its 3‑million‑tonne-per-year urea fertilizer...

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