Business

Nigerians spend N1.54trn on beer, soft drinks in nine months

Nigerians spent an estimated N1.54tn on beer and other non-alcoholic beverages in the first nine months of 2025, as major…

5 months ago

Stock market investors lose N11bn

The Nigerian stock market began the week on a cautious note on Monday, January 19, 2026, as mild profit-taking shaved…

5 months ago

Gold, silver hit record highs amid Trump’s Greenland tariffs

Gold and silver prices climbed to fresh peaks on Monday, January 19, 2026, as investors poured into safe-haven assets after…

6 months ago

Nigeria’s oil output fell 8.3% to 1.544m bpd in December 2025

Nigeria’s oil production, including condensate, declined by 8.3 per cent year-on-year to 1.544 million barrels per day (bpd) in December…

6 months ago

How power sector debt threatens FG’s N1.23trn bond plan

The Federal Government’s plan to settle electricity sector debts through a N1.23 trillion Power Sector Bond is under pressure as…

6 months ago

Traders shun bank transfers amid uncertainty over new tax law

Some traders and business owners have begun rejecting bank transfers in favour of cash payments following the implementation of the…

6 months ago

Nigeria’s crude oil imports from US jump 167% to 42.1m barrels in 2025

Nigeria significantly increased its crude oil imports from the United States in 2025, purchasing 42.13 million barrels in the first…

6 months ago

Lagos reopens Ikorodu Ferry Terminal after water hyacinth clearance

The Lagos State Government has reopened the Ikorodu Ferry Terminal after nearly three months of closure, following the successful removal…

6 months ago

Geregu Power board proposes N9 dividend for shareholders

Geregu Power Plc has announced plans to pay a dividend of N9 per ordinary share, following the approval of its…

6 months ago

Stock market rebounds as investors gain N30bn

The Nigerian stock market rebounded on Friday, January 16, 2026, after a day of downturn session as N30 billion was…

6 months ago

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