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Nigeria Business News Digest: Markets, Money, and Meaning

Economic news with context. Scan the market, Naira movements, and business decisions, and understand their impact on everyday life.
Cheaper Fuel Elsewhere: NNPCL Faces Low Patronage
Nigeria Cheaper Fuel Elsewhere: NNPCL Faces Low Patronage
Nigeria News
1 min read
Motorists in Abuja are turning away from Nigerian National Petroleum Company Limited (NNPCL) filling stations due to their relatively high petrol...
Why MTN’s Top Boss Is In Trouble with Nigerian Authorities
Nigeria Why MTN’s Top Boss Is In Trouble with Nigerian Authorities
Nigeria News
1 min read
The Federal High Court in Abuja has scheduled September 25 for the arraignment of MTN Nigeria’s CEO, Karl Toriola, and three other executives. The...
Adesina Leaves AfDB Bigger, Bolder — Will Nigeria Be His Next Project?
Nigeria Adesina Leaves AfDB Bigger, Bolder — Will Nigeria Be His Next Project?
Nigeria News
1 min read
After a decade at the helm of the African Development Bank (AfDB), Akinwumi Adesina says he gave Africa his “heart, mind, and all.” As he prepares...
Nigerian Bitcoin investors watch closely as Trump Media bets big with $2.5bn stake
Americas Nigerian Bitcoin investors watch closely as Trump Media bets big with $2.5bn stake
siteadmin
1 min read
Trump Media’s planned $2.5 billion Bitcoin investment has drawn global attention. In Nigeria, where crypto adoption is widespread but trust...
Today’s Naira Rate [27-05-2025]: Naira Strengthens Slightly at Official Market but Stalls at Black Market
Nigeria Today’s Naira Rate [27-05-2025]: Naira Strengthens Slightly at Official Market but Stalls at Black Market
Nigeria News
1 min read
The Naira recorded a mild appreciation at the official market, closing at ₦1,579.65/$1, even as it stayed flat at ₦1,620/$1 in the parallel...
Trust Rewarded: Nigerian Investors Receive N1.1 Trillion in Dividends
Nigeria Trust Rewarded: Nigerian Investors Receive N1.1 Trillion in Dividends
siteadmin
1 min read
In a year when inflation continues to test household resilience, Nigerian shareholders have received over N1.0 trillion in cash dividends — a...
Silence at the Source: Port Harcourt Refinery Quietly Shuts Down
Nigeria Silence at the Source: Port Harcourt Refinery Quietly Shuts Down
Nigeria News
1 min read
In the industrial heart of Port Harcourt, a strange silence has fallen. The refinery, once buzzing with machines and men, is winding down, not in...
Today’s Naira Rate [26-05-2025]: Naira Holds Firm at N1,610/$ as CBN’s Strategy Shows Early Wins
Nigeria Today’s Naira Rate [26-05-2025]: Naira Holds Firm at N1,610/$ as CBN’s Strategy Shows Early Wins
Nigeria News
1 min read
The naira held steady at N1,610/$ in the parallel market on Monday, marking a slight rebound from last week’s dip. Analysts credit tighter CBN...
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