NNPCL slashes fuel price second time in less than one week
The Nigerian National Petroleum Corporation Limited (NNPCL) has reduced fuel prices for the second time in under a week. This comes as the company continues efforts to ease the burden on motorists and consumers. According to NNPCL, the latest price cut reflects changes in global oil markets and a commitment to ensure affordable fuel for […]
Invest at Home – Dangote Urges Entrepreneurs, Says Nigeria Is Like a ‘Scratch Card’
Africa’s richest man, Aliko Dangote, has called on Nigerian entrepreneurs to focus their investments at home instead of rushing abroad. Speaking at a business event, he described Nigeria as a “scratch card,” meaning the country’s real value only appears when people put in effort to unlock opportunities. He explained that many nations that Nigerians run […]
Luova Group celebrates 15th anniversary in style
Luova Group, a leading Nigerian conglomerate, marked its 15th anniversary with a grand celebration, bringing together employees, partners, and stakeholders. The event highlighted the company’s journey, achievements, and commitment to excellence over the years. The celebration featured award presentations, inspiring speeches from top executives, and a showcase of Luova Group’s key milestones. Guests were treated […]
Naira records appreciation against US dollar
The Nigerian Naira has recorded a new level of appreciation against the US dollar, bringing some relief to citizens and businesses. Reports from the foreign exchange market show that the Naira gained strength at both official and parallel market windows, indicating increased confidence in the currency. Experts say the improvement is linked to recent policy […]
TotalEnergies sells stake in Nigerian licences to Chevron
TotalEnergies has completed the sale of its stake in several Nigerian oil licences to Chevron, marking another shift in ownership within the country’s energy sector. The deal is part of the company’s ongoing strategy to streamline its portfolio and focus on assets it considers more profitable globally. Industry observers say the move reflects a growing […]
Naira records depreciation against US dollar across official, black markets
The Nigerian naira continued to face pressure as it recorded further depreciation against the U.S. dollar in both the official and black markets. Traders and financial analysts reported that the currency struggled throughout the day, reflecting ongoing supply shortages in the foreign exchange market. This drop has raised fresh concerns about currency stability and its […]
Why Nigeria’s 3.98% GDP growth rate hasn’t impacted on living cost – Economists
Economists have explained why Nigeria’s 3.98% GDP growth in the last quarter has not translated into cheaper living costs for citizens. According to them, the growth recorded is mostly “non-inclusive,” meaning it does not directly improve the daily lives of ordinary Nigerians. They noted that while the economy appears to be expanding on paper, the […]
Multiple taxation, loan struggles, crippling our businesses – Ogun MSMEs
Small business owners in Ogun State have raised alarm over the rising number of taxes and levies placed on them by different agencies. According to them, the multiple charges are eating into their profits and making it hard to stay in business. Many MSMEs (Micro, Small and Medium Enterprises) say the situation has reached a […]
Nigeria’s GDP rate grew by 3.98% in third quarter – NBS
Nigeria’s Gross Domestic Product (GDP) grew by 3.98% in the third quarter of the year, according to fresh data released by the National Bureau of Statistics (NBS). The bureau explained that the growth shows steady improvement in economic activities across many sectors. This rise is also higher than what was recorded in the previous quarter, […]
FCMB named Nigeria’s Best SME-Focused Bank
FCMB has been named Nigeria’s Best SME-Focused Bank, highlighting its dedication to supporting small and medium-sized enterprises across the country. The award recognizes the bank’s efforts to provide innovative solutions and financial products that help SMEs grow and succeed. The bank has consistently offered specialized services such as loans, business advisory, and digital platforms tailored […]