Vehicle Imports Rise 42.5% in Nigeria After Levy Reduction
The number of imported vehicles handled at Nigerian ports increased by 42.5 per cent in the first half of 2026,...
Tag Archives: #NigeriaBusiness
Nigeria’s Foreign Reserves Rise to $55.25bn, Highest in 18 Years
Nigeria’s gross external reserves have risen to $55.25 billion, marking the highest level recorded in more than 18 years, the...
CBN Cuts Interest Rate to 23% as Businesses Seek Cheaper Loans
The Central Bank of Nigeria (CBN) has reduced the Monetary Policy Rate (MPR) from 26.5 per cent to 23 per...
Nigeria’s FX Turnover Falls 30.23% to $2.37bn
Nigeria’s foreign exchange market recorded a significant decline in trading activity during the week ended September 18, 2026, as total...
CPPE Calls for Review of Foreign Traders’ Permits in Nigeria
The Centre for the Promotion of Private Enterprise (CPPE) has called on the Nigerian Government to review the regulatory framework...
Petrol Depot Prices Fall to ₦1,330 as Dangote Supply Boosts Competition
Petrol depot prices have fallen to about ₦1,330 per litre in parts of Nigeria, with Calabar, Warri and Port Harcourt...
Dangote Refinery IPO: Investors May Receive Dividends in Dollars
Investors participating in the ongoing Dangote Petroleum Refinery and Petrochemicals IPO have been told they could potentially receive dividends denominated...
Dangote Refinery IPO Draws Strong Investor Demand as Digital Platforms Struggle
The Dangote Petroleum Refinery and Petrochemicals public offering has attracted significant interest from Nigerian investors, with several digital investment platforms...
UBA Mobile Banking Outage Highlights Nigeria’s Growing Dependence on Digital Banking
A disruption to the mobile banking application of United Bank for Africa (UBA) has highlighted the growing dependence of Nigerian...
SIFAX Shipping Commissions New Lagos Office Complex to Boost Terminal Operations
SIFAX Shipping Bonded Terminal has commissioned a new office complex at its operational base on Ago Palace Way, Okota, Lagos,...