Business

Nigeria secures $155m clean energy investments

  • 26th July 2026

NGX sheds 0.19% as Presco, banks drag index

  • 25th July 2026

NPF Microfinance Bank grows profit before tax by

  • 25th July 2026

US imposes new tariffs on UK, Canada, others

  • 24th July 2026

Contact Info

Some Populer Post

Ghana to evacuate 1,000 more workers from South Africa

Transportation

Nigerians may face rice, tomato scarcity within three months

Food

Pharmaceutical firms’ finance costs jump 46.5% amid high interest

Helth

FAAN launches probe into viral Delta airport security altercation

Ports and Airports

Blog

How more taxes'll reduce debt load - FG
Economy

Fuel subsidy affecting Nigeria’s debt serving – Minister

The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed had expressed worry over the continuous retention of the controversial fule subsidy regime by the federal government, adding that it is affecting Nigeria’s ability to service its debt. She made the remarks at the hybrid launch of the World Bank’s Nigeria Development Update titled: […]

Naira fall'll worsen Nigeria’s food, energy crisis — W’Bank
News

Fuel subsidy overtakes education, health budgets, World Bank warns

The World Bank says the cost of fuel subsidy in Nigeria has exceeded the government’s spending on health, education and social protection for Nigerians. It, therefore, said that removing fuel subsidy would help the government towards its poverty reduction scheme. The Washington-based lender said this in its latest Nigeria Development Update report, titled, ‘The Continuing […]

Aviation

Airbus Helicopters partners Nigerian company

Airbus Helicopters Company has signed a partnership deal with EAN Aviation Limited, making the Nigerian company a distributor for Airbus Helicopters in West Africa. According to a statement, the strategic partnership between the companies focuses on the West African civilian market, excluding the military. “In essence, civil customers in Nigeria can now contract directly with […]

Trapped funds: CBN to give foreign airlines $150m
News

Dollar shortage persists after party primaries

Dollar exchanged at N603 (average) at Lagos and Abuja parallel markets on Tuesday, indicating a worsening liquidity crisis in the foreign exchange market of Africa’s biggest oil producer. Between June 2021, and June 2022, dollar-to-naira exchange rate has risen from N500 to N603 at the parallel market, signifying the greenback appreciated by 21 per cent […]

Airports concession: FG moves to proposals request stage
Aviation

N1.04tn lost to overseas aircraft repairs in 2021 – FG

Nigeria lost $2.5bn (about N1.04tn at the official exchange rate of N415.63/$) to other countries in 2021 for the Maintenance, Repair and Overhaul services on Nigerian aircraft and other facilities, the Federal Government announced on Tuesday. It disclosed this through the Federal Airports Authority of Nigeria at the FAAN National Aviation Conference in Abuja, stressing […]

NUPENG threatens strike in Lagos over tanker drivers' safety
Oil and Gas

Diesel price to hit N1,500 in two weeks – Marketers

The pump price of diesel is projected to reach N1,500 from the current N800 within the next two weeks. The Natural Oil and Gas Suppliers Association made this known on June 14, 2022 during a media briefing in Abuja, Nairametric reports confirmed. According to them, the cost of diesel will hit the roof if nothing […]

Dangote to slash sugar import by 40%
News

Dangote Cement shareholders approve 25% dividend rise

Shareholders of Dangote Cement Plc on Tuesday approved a 25 per cent rise in dividend payment for the 2021 financial period. The shareholders approved N20 per share for the year ended December 31, 2021 from N16 paid in the preceding year during the company’s 13th Annual General Meeting in Lagos. At the meeting, the company […]

Trariff hike: Produce financial report, tribunal orders Multichoice
Appointments

MultiChoice appoints Chief Operating Officer

MultiChoice Nigeria has appointed Ayo Ajala as its chief operating officer. As the chief operating officer for MultiChoice Nigeria, he will oversee customer functions and the business operations of the Nigeria business and ensure that processes and systems are sufficiently robust to support the company’s growth. Prior to his appointment, he worked in the human […]

News

UK court rules against FG as Nigeria loses $1.7bn JP Morgan case

A United Kingdom court Tuesday ruled against Nigeria in its $1.7 billion claims against JP Morgan Chase Bank over the transfer of proceeds from the sale of OPL 245 in the controversial Malabu oil deal. Nigeria had alleged that JP Morgan was “grossly negligent” in its decision to transfer funds paid by oil giants Shell […]

Tweeps knock FG as fuel scarcity leaves commuters stranded
Energy

Abuja queues persist as NNPC supplies 1.5bn litres of fuel

Latest updates on the evacuation of Premium Motor Spirit, popularly called petrol, by the Nigerian National Petroleum Company Limited show that the oil firm evacuated 1.523 billion litres of PMS between May 16 and June 5, 2022 in a bid to keep the country wet with fuel. However, this huge supply volume has not completely […]

News

Stock market investors gain N158bn

Investors’ shares in the Nigerian stock market rose by N158bn last week as 29 firms recorded price appreciation. The All-Share Index of the Nigerian Exchange Limited and market capitalisation increased by 0.55 per cent to close the week at 53,201.38 and N28.681tn respectively. All other indices finished lower with the exception of the NGX 30, […]

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Email Us: [email protected]

ambusinessng @2025. All Rights Reserved.

Facebook-f Pinterest-p Youtube Instagram Linkedin-in