Business

Crude oil prices rise as Iran rules out

  • 17th August 2026

India-Nigeria trade hits $9bn, rises by 26%

  • 17th August 2026

High lending rates still threaten manufacturing sector recovery

  • 17th August 2026

FG resets profit-sharing terms to attract new deep

  • 17th August 2026

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Student loan: How to apply for NELFUND

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NELFUND caps loan repayment at 10% of graduates’ monthly

Finance

Crude oil prices rise as Iran rules out talks

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AI image of First Lady selling ‘akara’ sparks controversy

President Bola Ahmed Tinubu Media Centre has stirred fresh reactions after sharing an AI-generated image depicting First Lady, Senator Oluremi Tinubu, frying and selling akara, days after her remarks about small-scale businesses sparked widespread criticism. The image, posted on Friday, portrays the First Lady operating a roadside akara stand while wearing an apron with the […]

Business

MPC member urged CBN to lower lending rates for businesses

The Central Bank of Nigeria has been urged to introduce additional measures to lower lending rates for households and businesses. The call follows concerns that borrowing costs have remained elevated despite the successful completion of the banking sector recapitalisation exercise. The recommendation was contained in the personal statement of Monetary Policy Committee member Professor Murtala […]

Business

Business confidence steady at 104.6 points in June — NESG

Nigeria’s business environment remained in expansion in June 2026, though growth slowed from a year earlier as high operating costs, limited credit and infrastructure challenges continued to pressure businesses. This is according to the June 2026 Business Confidence Monitor released by the Nigerian Economic Summit Group, which showed that the Current Business Performance Index remained […]

Appointments

NAHCO announces exit of vice chairman, director, names appointees

Nigerian Aviation Handling Company Plc has announced the retirement of its Vice Chairman and Independent Non-Executive Director, Akinwumi Godson Fanimokun, after eight years on the board, naming Tajudeen Shobayo as successor. The company also disclosed the retirement of Non-Executive Director Taofeeq Oluwatoyin Salman. The development was contained in a regulatory filing signed by Company Secretary […]

Oil and Gas

Supreme Court reverses arrest of GHL crude oil cargo

The Supreme Court on Friday reversed the arrest of General Hydrocarbons Limited-linked crude oil aboard the FPSO Tamara Tokoni, in a case previously commenced by First Bank of Nigeria. In a unanimous judgment, the Supreme Court ordered the Chief Registrar of the Court of Appeal and the Admiralty Marshal to immediately hand over the assets […]

Business

NNPC begins assessment of Chinese partnership for P’Harcourt, Warri refineries

The Nigerian National Petroleum Company Limited has said the Memorandum of Understanding recently signed with Chinese firms for the rehabilitation and operation of the Port Harcourt and Warri refineries is currently undergoing a rigorous evaluation process, stressing that the partnership is designed to develop profitable and self-sustaining refining assets. The Group Chief Executive Officer of […]

featured Oil and Gas

Why pump prices don’t follow daily crude costs — Dangote Refinery

Dangote Petroleum Refinery and Petrochemicals says its product pricing is not tied to daily swings in global crude prices, addressing recent public and government pressure for marketers to cut fuel prices following the drop in international oil benchmarks. The clarification came in an official statement responding to calls from Nigerians and the Federal Government for […]

Business

BOI signs $170m deal with Kuramo Capital

The Bank of Industry has signed a $170.06 million Fund of Funds management contract with Kuramo Capital Management under the Federal Government’s Investment in Digital and Creative Enterprises Programme, in a move aimed at unlocking more financing for Nigeria’s technology, creative and innovation-driven businesses. Nairametrics reported that the development was disclosed on Wednesday in Abuja […]

Finance

Banking, industrial stocks drag NGX lower amid selloffs

The Nigerian equities market extended its losing streak on Thursday, July 2, 2026, falling 0.61 per cent to close at 224,321.97 points, down from 225,690.07 points in the previous session. Investors lost approximately N877.91 billion in a single day. Market capitalisation declined to approximately N144.11 trillion. The year-to-date return moderated further to 44.15 per cent. […]

News

Fire guts popular herbs market in Ibadan

Traders at the popular Bode Traditional Herbs and Other Products Market, popularly known as Iso Alagbo, in the Ibadan South-West Local Government Area of Oyo State, are counting their losses following a devastating fire that swept through the market in the early hours of Friday. Traditional herbs used in the treatment of various ailments, alongside […]

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