The naira closed July 2025 at N1,533.55 to the US dollar at the official Nigerian Foreign…
Category: Business
Finance Minister Wale Edun Hosts APC Southwest Vice Chairman, Chief D.I. Kekemeke
Chief D.I. Kekemeke, the National Vice Chairman of the All Progressives Congress (APC) for the Southwest…
Naira Strengthens Sharply as Dollar Supply Surges, Security Agencies Crack Down
The Nigerian naira has recorded significant gains against the US dollar, buoyed by increased foreign exchange…
Shell’s Profit Falls Nearly 32%, Yet Surpasses Expectations Amid Oil Price Decline
Shell’s quarterly adjusted earnings dropped by nearly a third, reflecting a significant dip in oil prices.…
Dangote to List $20bn Lekki Refinery, Offers Nigerians Opportunity to Become Shareholders
President of the Dangote Group, Alhaji Aliko Dangote, has announced plans to list his $20 billion…
Tinubu’s Economic Reforms Cut Northern States’ Debt by 42%, Says Minister
The Minister of Budget and Economic Planning, Abubakar Bagudu, has said that President Bola Tinubu’s economic…
Oando PLC Reports Major Strides in Clean Energy and Upstream Expansion in Q1 2025
Oando PLC has announced significant progress on its ambitious 1.2-gigawatt solar PV module assembly plant, as…
NNPCL Rules Out Sale of Port Harcourt Refinery, Commits to Full Rehabilitation
The Nigerian National Petroleum Company Limited (NNPCL) has officially ruled out the sale of the Port…
IMF Raises Nigeria’s 2025 Growth Forecast to 3.4%
The International Monetary Fund (IMF) has upgraded Nigeria’s economic growth projection for 2025 to 3.4%, up…
NESG Says Nigeria’s Policy Reforms Vital for Africa’s Economic Future
As preparations intensify for the 31st Nigerian Economic Summit (NES #31), the Nigerian Economic Summit Group…