Business

Nigerians Turn Pessimistic on Economy as Inflation Fears Grow — CBN Report

Consumers in Nigeria have expressed a pessimistic outlook on the economy for the first time since November 2025, according to the latest Household Expectations...

TUC Urges FG to Use Excess Crude Revenue to Stabilise Petrol Prices, Expand CNG Infrastructure

The Trade Union Congress of Nigeria (TUC) has urged the Federal Government of Nigeria to deploy excess revenue from crude oil sales above the...

Flutterwave Secures Banking Licence, to Hold Deposits Directly

Flutterwave Inc., a leading payments technology company, has obtained a banking licence that will allow it to hold funds and deposits directly, the firm...

Elon Musk Retains World’s Richest Title Despite $22 Billion Loss – Forbes Ranking

Despite losing an estimated $22 billion, billionaire entrepreneur Elon Musk has maintained his position as the world’s richest person, according to the latest Forbes...

BUA Foods Profit Soars, N28 Dividend Proposed

BUA Foods Plc has proposed a record dividend of N28 per share following a strong financial performance in 2025, marking a 115% increase from...

Travel Industry Suffers Losses as Middle East Crisis Escalates

Travel agencies across Nigeria are reporting significant financial losses as geopolitical tensions in the Middle East disrupt travel plans and bookings. Industry stakeholders say...

Lagos Receives Five Fuel Tankers as Shortage Fears Grow

Lagos ports have received five fuel vessels carrying a total of 95,000 metric tonnes of Premium Motor Spirit (PMS) and Automotive Gas Oil (AGO),...

Nigerian Stock Market Loses N276bn as All-Share Index Declines 0.21%

The Nigerian stock market opened the week on a negative note on Monday, with investors recording a loss of N276 billion in market value...

Israel-Iran Missile Exchanges Push Oil Prices Higher Amid U.S. Threats on Kharg Island

Israel and Iran continued to exchange missile fire on Monday, intensifying fears of a broader Middle East conflict, as U.S. President Donald Trump signals...

Petrol Sells Above N1,330 Despite Dangote Price Cut

Despite the recent reduction in the gantry price of Dangote Petroleum Refinery petrol from N1,275 to N1,200 per litre, oil marketers in Lagos continue...

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