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Category: Business
Dangote, Ethiopia ink $2.5bn deal for world’s largest fertiliser plant
Africa’s richest man, Aliko Dangote, has sealed a $2.5bn partnership with the Ethiopian Government to build one of the world’s largest single-site fertiliser plants in…
JUST IN: Immigration hikes passport fees to N100,000, N200,000
The Nigeria Immigration Service (NIS) has announced an upward review of the cost of obtaining the Nigerian Standard Passport, effective September 1, 2025. According to…
Strike threat: ASUU, VCs decry Profs’ N525,000 monthly pay
Following the conclusion of its nationwide protests on Tuesday, members of the Academic Staff Union of Universities are set to hold congresses to decide their…
Naira bounces back against dollar
The naira bounced back against the dollar at the official foreign exchange market on Wednesday after two days of depreciation, THE PRIME NEWS reports. The…
Oil production rises to 1.7m barrels daily – NUPRC
Nigeria’s oil output has climbed to a new six-month high, averaging 1.71 million barrels of oil per day in July 2025, according to the Nigerian…
Nigerians spent N1.3tn on petrol in June — NMDPRA
Amid rising energy costs, Nigerians spent about N1.3tn on buying Premium Motor Spirit (petrol) to power their vehicles and electricity generators in June, as consumption…
Govt, stakeholders to explore industrial policy at W’Africa summit
The Federal Government has committed to exploring strategies for implementing the new National Industrial Policy to scale industries and transform West Africa’s economic future, alongside…
Nigeria reaffirms commitment to One-China Principle in socio-economic growth
The Nigerian government has reaffirmed its commitment to the One-China principle in the manufacturing and general socio economic development of the country. The Director General…
Tinubu meets NGX, SEC chiefs in Brazil, hails capital market gains
President Bola Tinubu on Tuesday praised the “remarkable growth” of Nigeria’s capital market under his administration, THE PRIME NEWS reports. This is as he credited…
CBN announces fresh migration deadline for Nigerian banks, others
The Central Bank of Nigeria (CBN) has announced a new deadline and directive to all Nigerian banks, Mobile Money Operators, MMOs, Switching and Processing Companies,…