Business — Newsroom

Original news recaps written from multiple Nigerian sources. Each story cites the publishers it was synthesized from. New stories published throughout the day as news breaks.

66 original stories · showing 1–24

Business·By Plus234Feed Editorial·2d ago

Naira Strengthens in Parallel Market Despite CBN's Sharp Rate Cut

Nigeria's currency gained ground against the dollar after the Central Bank slashed its benchmark rate by 350 basis points, even as experts warn of longer-term…

Earlier this week

Business·By Plus234Feed Editorial·2d ago

CBN Cuts Benchmark Rate to 23% in Major Policy Shift

Central Bank slashes interest rate by 350 basis points, citing disconnect between policy rates and actual market lending costs.

Business·By Plus234Feed Editorial·3d ago

OPay marks eight years in Nigeria with shift to broader financial services

The fintech company has evolved from digital payments into a comprehensive financial platform offering savings, merchant services, and utility bill payments.

Business·By Plus234Feed Editorial·4d ago

Indonesia's Pertamina signals interest in Nigeria's 2026 oil licensing round

Indonesia's state oil company Pertamina has expressed interest in Nigeria's upstream petroleum sector following talks with the NUPRC about investment…

Earlier

Business·By Plus234Feed Editorial·6d ago

Tinubu Courts Bolloré Group for Expanded Nigeria Investment Push

President Tinubu met Vincent Bolloré in Paris to discuss deepening the multinational group's operations across Nigeria's film, music, and digital sectors.

Business·By Plus234Feed Editorial·20 Sept 2026

Emir Sanusi Backs Dangote Refinery IPO With Caution on Investment Risk

The Emir of Kano urged Nigerians to invest in Dangote's refinery shares while warning against risking essential family funds or selling homes.

Business·By Plus234Feed Editorial·20 Sept 2026

Clearlake Capital Takes Full Control of Chelsea After Boehly Exit

US investment firm Clearlake Capital has acquired complete ownership of Chelsea FC by purchasing stakes from Todd Boehly and Mark Walter.

Business·By Plus234Feed Editorial·19 Sept 2026

Nigeria's inflation rate edges down to 15.39% in August

Headline inflation declined marginally to 15.39% in August from 15.43% in July, with food prices easing and month-on-month growth slowing.

Business·By Plus234Feed Editorial·18 Sept 2026

ADC Demands Action as Petrol Price Hits N1,470 Per Litre

The African Democratic Congress has cautioned President Tinubu that fuel costs reaching N1,470 per litre are intensifying economic strain across Nigeria.

Business·By Plus234Feed Editorial·17 Sept 2026

FG Completes N1.23tn Bond Issuance to Address Power Sector Debt Crisis

Federal Government raises N728.9bn in second bond tranche, bringing total Phase 1 funding to N1.23 trillion toward settling N4 trillion owed to electricity…

Business·By Plus234Feed Editorial·17 Sept 2026

Nigeria, India Target $15bn Trade Revival as Modi Seeks Crude Purchases

VP Shettima met Indian PM Modi at BRICS Summit to discuss renewing energy trade and rebuilding bilateral commerce to near-peak levels.

Business·By Plus234Feed Editorial·15 Sept 2026

Nigeria hits 1.68m barrels daily, meets OPEC quota for fourth month

Nigeria's crude oil output reached 1.68 million barrels per day in August, maintaining OPEC compliance but still falling short of government budget targets.

Business·By Plus234Feed Editorial·13 Sept 2026

Petrol Prices Face Fresh Pressure as Crude Oil Surges Past $107

International crude prices jumped to $107 per barrel, prompting Nigerian fuel marketers and refineries to adjust rates and depot owners to halt sales.

Business·By Plus234Feed Editorial·12 Sept 2026

Oil Surges Past $100 as US-Iran Military Clashes Intensify

Brent crude climbs above $100 per barrel for first time since July following US strikes on Iranian tankers, driving up fuel costs across Nigeria.

Business·By Plus234Feed Editorial·11 Sept 2026

Open Space launches ethical finance platform targeting excluded Nigerians

Fintech firm debuts Shariah-compliant financing structures in Abuja, offering asset-backed alternatives to high-cost conventional loans.

Business·By Plus234Feed Editorial·11 Sept 2026

CBN elevates terrorism financing supervision to priority regulatory focus

Nigeria's central bank has upgraded its monitoring of terrorism financing across the financial sector, implementing stricter transaction surveillance and…

Business·By Plus234Feed Editorial·7 Sept 2026

Nigeria's External Reserves Hit $54.08bn, Highest Level Since 2008

Nigeria's foreign reserves climbed to $54.08 billion on September 3, marking an 18-year peak and adding $8.51 billion since the start of 2026.

Business·By Plus234Feed Editorial·6 Sept 2026

37–43 dead in Rivers oil siphoning tragedy at Okari Jetty

Dozens of youths died from toxic fumes while illegally loading petroleum products at a jetty in Okrika, Rivers State, on September 3.

Business·By Plus234Feed Editorial·6 Sept 2026

Nigeria Joins IEA as Associate Member, Signs Energy Policy Agreement

Nigeria formalized partnership with International Energy Agency through Joint Work Programme signed Thursday, positioning country for expanded energy…

Business·By Plus234Feed Editorial·6 Sept 2026

Petrol prices spike to N1,345/L as global crude tensions grip Nigeria

Pump prices have jumped over N100 in two weeks. Marketers cite international oil costs and supply disruptions, while relief may come as new fuel stocks arrive.

Business·By Plus234Feed Editorial·5 Sept 2026

OPay enlists DSS, police to probe false shutdown claims

The fintech company has asked security agencies to investigate rumors claiming it will exit Nigeria, and says it plans legal action against those spreading…

Business·By Plus234Feed Editorial·5 Sept 2026

Uber to Exit Nigeria After 12 Years, Operations End September 2

The American ride-hailing company will shut down its Nigerian operations on September 2, 2026, ending more than a decade of service in the country.

Business·By Plus234Feed Editorial·4 Sept 2026

Nigeria's economy hits 4.43% growth in Q2 2026, advancing toward $1trn goal

Nigeria's Federal Ministry of Finance reported second-quarter GDP growth of 4.43%, citing broad-based expansion across sectors as the country pursues its $1…

Business·By Plus234Feed Editorial·3 Sept 2026

NGX Equities Hit N6.62 Trillion in Turnover as Market Closes August Up 56.9%

Nigerian stock market closed August with N6.62 trillion in year-to-date turnover and a 56.9% gain, driven by frontier market reclassification.