Business

Aviation Minister: Lagos Airport Fire Severely Damaged NiMet Assets

The Minister of Aviation and Aerospace Development, Festus Keyamo, has announced the demolition of Terminal 1 at the Murtala Muhammed International Airport, Lagos, following...

APGC Dismisses Claims Tinubu Reduced GenCos’ N6.5tn Debt to N2.8tn

The Association of Power Generation Companies (APGC) has dismissed reports alleging that President Bola Tinubu reduced the Federal Government’s legacy debt to electricity Generation...

Nigerian Stock Market Gains N804bn as Week Opens Bullish

The Nigerian equities market began the week on a strong note on Monday, as investors gained N804 billion in market value. Market capitalisation on the...

APGC Denies Reports Claiming Tinubu Cut Power Sector Legacy Debt to N2.8 Trillion

The Association of Power Generation Companies (APGC) has dismissed reports alleging that President Bola Tinubu reduced the Federal Government’s power sector legacy debt owed...

Experts Urge Tinubu to Engage National Assembly on Petroleum Industry Act After Executive Order 09

ABUJA — Energy experts and petroleum stakeholders have advised President Bola Ahmed Tinubu to involve the National Assembly in amending the Petroleum Industry Act...

Asian Trade Partners Face Fresh Uncertainty After U.S. Court Strikes Down Trump Tariffs

Key U.S. trading partners in Asia are grappling with renewed uncertainty after the U.S. Supreme Court ruled that many of the tariffs announced by...

Edun Raises Alarm Over Rising Debt Service Burden

  Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has raised concerns over the country’s growing debt service obligations, warning that...

Oil Price Rally Boosts Nigeria’s Fiscal Outlook as Naira Strengthens

With Brent crude trading around $69 per barrel — above Nigeria’s 2026 federal budget benchmark of $64.8 — the ongoing oil price rally is...

Naira Appreciates Against Dollar Despite Official Market Dip

The Nigerian naira recorded a significant gain against the United States dollar at the parallel market on Thursday, rising sharply from the previous day’s...

AltBank Targets Small Business Growth With 300 Free PoS Rollout

Digital banking firm The Alternative Bank (AltBank) has launched an initiative to ease credit access challenges for micro, small and medium enterprises (MSMEs) by...

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