Business

Naira depreciates against dollar at official market

The naira depreciated on Friday, October 17, 2025, trading at N1,475.35 against the United States dollar at the official foreign…

7 months ago

FAAC: FG, States, LGs share N2.1trn September revenue

The Federation Account Allocation Committee (FAAC) has shared N2.103 trillion to the Federal Government, States, and the Local Government Councils…

7 months ago

Nigeria’s CNG sector draws $1bn as gas vehicle monitoring system launches

Nigeria’s Compressed Natural Gas (CNG) sector has attracted over $1 billion in private sector investments, the Chairman/CEO of the Presidential…

7 months ago

Nigeria’s inflation drops to 18.02% in September

Nigeria’s headline inflation rate eased to 18.02 percent in September 2025, marking the sixth consecutive monthly decline and the lowest…

7 months ago

Gold rises above $4,300

Gold hit a new high above $4,300 an ounce on Friday, October 17, 2025, and was poised for its best…

7 months ago

Stock market records 432.4m shares worth N16.9bn

The stock market traded 432.4 million shares valued at N16.9 billion in 23,665 transactions on Thursday, October 16, 2025. This…

7 months ago

Nigeria produces 454m barrels of crude, condensates in nine months – NUPRC

Nigeria produced a total of 454.28 million barrels of crude oil and condensates between January and September 2025, according to…

7 months ago

NUPRC approves 28 new fields, projects 600,000 bpd oil boost

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the approval of 28 new Field Development Plans (FDPs) in 2025,…

7 months ago

Nigeria’s cocoa sector needs more than soaring prices to succeed

As dawn breaks over the cocoa-rich heartlands of Ondo and Cross River, farmers scoop wet, pale beans from freshly split…

7 months ago

Nigeria’s inflation rate drops to 18%

The National Bureau of Statistics (NBS) has announced that Nigeria’s inflation rate dropped to 18.02 percent in September 2025. The…

7 months ago

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