Business

The rhythm of Nigeria's business world
Global oil prices have dropped to their lowest in nearly four years, with Brent crude falling to $59.62 per barrel. This decline, triggered by new tariffs from the US and increased OPEC production, threatens Nigeria’s oil revenue, which is crucial for the country’s fiscal health and budget...
The Nigerian government has reaffirmed the indefinite continuation of its Naira-for-Crude deal with Dangote Refinery. The policy aims to support local refining, bolster energy security, and reduce reliance on foreign exchange. Despite challenges, the initiative remains a key directive for...
Aliko Dangote, President of Dangote Group, was honored as Leadership Person of the Year at the 17th Annual Conference and Awards. He emphasized public-private collaboration for tackling Nigeria’s economic challenges and expressed gratitude for the recognition, which adds to his numerous national...
The Naira has dropped to N1,612 per dollar at the official market, marking its lowest point in four months. Despite a $197.71 million intervention by the Central Bank of Nigeria, the currency continues to depreciate. Experts urge the CBN to boost liquidity and focus on stabilizing the market...
Economist Bismarck Rewane warns that Nigeria’s inflation rate, currently at 23.18%, may rise due to the recent petrol price hike. He also highlighted concerns about the impact of U.S. tariff policies on global markets. Rewane suggested that the volatility is short-term, but food and commodity...
Pascal Dozie, founder of Diamond Bank and pioneer of MTN Nigeria, has passed away at 85. President Tinubu, former President Obasanjo, and Peter Obi paid tribute to his visionary leadership, celebrating his contributions to Nigeria’s economy, banking, and telecommunications sectors. His enduring...
Nigeria’s Economic Management Team (EMT) is reviewing the impact of the 14% U.S. tariff on Nigerian exports. Finance Minister Wale Edun emphasized that oil and mineral exports are exempt from the tariff. The government is also focusing on ramping up oil production and enhancing corporate...
Nigeria's economy faces rising risks from Trump’s tariffs and global economic downturns, with oil price drops and stock market slumps exacerbating the situation. Experts recommend diversification, strategic trade agreements, and policy adjustments to mitigate the damage to the naira and national...
Several African nations, including Tunisia, Libya, and Morocco, boast stronger currencies than Nigeria's Naira. The strength of these currencies is attributed to robust exports, sound fiscal management, and diversified economies. In contrast, Nigeria’s currency struggles with inflation and...
Dangote Industries is committed to making Nigeria self-sufficient in cement, petroleum, agriculture, and mining. The company’s investments, including Dangote Cement, Dangote Sugar, and Dangote Fertilizer, have created jobs, boosted local economies, and strengthened Nigeria's industrial capacity...
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