Business
Stay informed with Nigerian business news, economy updates, markets, startups, and global financial headlines.
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Naira rises to N1,387/$ in parallel market
Naira Gains Value Against Dollar in Foreign Exchange Markets By Elizabeth Adegbesan The Nigerian naira strengthened in the parallel market…
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PremiumTrust Bank gets dual credit rating upgrades
By Henry Obetta PremiumTrust Bank announced it has received upgrades to its credit ratings from both Agusto & Co. and…
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Nigeria’s trade surplus jumps 67% to N12.59trn in Q2’26
By Yinka Kolawole Nigeria’s merchandise trade surplus experienced a significant increase of 66.8% in the second quarter of 2026, reaching…
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Dangote Refinery unveils N2.15trn IPO at N525 per share
Dangote Petroleum Refinery and Petrochemicals FZE announced on Monday the launch of a ₦2.15 trillion Initial Public Offer (IPO), providing…
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Dangote Refinery IPO: 10 things Nigerian investors must know before buying
By Udeme Akpan, Energy Editor The Securities and Exchange Commission has approved a groundbreaking Initial Public Offering (IPO) for Dangote…
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Manufacturing GDP rises 3.3% to N4.13trn amid renewed optimism
Manufacturing Sector Growth in Nigeria Shows Mixed Signals By Yinka Kolawole The manufacturing sector in Nigeria contributed ₦4.128 trillion to…
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Maritime Reforms: Nigeria’s ports record 12.3% rise in cargo throughput
By Emeka Anaeto LAGOS, Nigeria — The Nigerian Ports Authority (NPA) has reported notable increases in various operational metrics during…
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Dangote Petroleum Refinery set for landmark IPO following SEC approval
SEC Approves IPO for Dangote Petroleum Refinery, Potentially Raising ₦2.15 Trillion By Udeme Akpan The Securities and Exchange Commission (SEC)…
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Nigeria’s reserves hit $54bn, highest in 18 years
Nigeria’s external reserves have reached $54.08 billion, marking the highest level in nearly 18 years and surpassing the Central Bank…
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Consumers pay N1.2trn for electricity in six months — NERC
By Obas Esiedesa, Abuja Electricity consumers in Nigeria paid approximately N1.2 trillion for power in the first half of 2026,…
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