Business

CBN Reports $4.60B Balance of Payments Surplus for Q3 2025

The Central Bank of Nigeria (CBN) has reported that Nigeria achieved a balance of payments (BOP) surplus of $4.60 billion…

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Naira to Dollar official & black market rates today, Thursday, December 18, 2025

The naira trades cautiously against the US dollar at official and black markets as year-end demand and CBN interventions shape…

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Tax ID for Taxable Nigerians Compulsory to Operate Bank Accounts From 2026 – FG

The federal government has confirmed that, from January 1, 2026, every Nigerian who earns taxable income will be required to…

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Latest Business News

Staff Caught Off-Guard as Kuda Bank Cuts Jobs

Hundreds of employees at Kuda Technologies Limited were abruptly laid off during…

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Nigerian filling stations reduce petrol price

A fresh round of price adjustments has swept through Nigeria’s downstream petroleum…

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FAAC Allocation Under Tinubu Drops as Statutory Revenue, VAT Plunge by Over N800bn

Nigeria’s revenue inflow to the three tiers of government declined sharply in…

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Top 10 Best-Performing Mutual Funds in Nigeria in Feb 2026

Nigeria’s mutual fund market has started 2026 on a strong note, with…

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Dangote refinery increases petrol price to N1,175 Per Litre

The Dangote Refinery and Petrochemicals (DPRP) has increased the gantry price of…

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Naira Falls to ₦1,398/$ Amid FX Crunch

The Naira weakened further last week, closing at ₦1,398 per US dollar…

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Tinubu Extends Raw Shea Nut Export Ban

President Bola Tinubu has approved a one-year extension of the ban on…

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Nigeria seeks China’s help to revive broken refineries

The Nigerian National Petroleum Company (NNPC) has announced plans to collaborate with…

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Crypto market slides as Bitcoin drops below $75,000 amid heavy liquidations

Crypto markets fell sharply on Tuesday, with Bitcoin sliding below $75,000 and…

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