Business

An unbranded assortment of spirits, wines, and bottled beers, representing the wide spectrum of products driving the country's multi-trillion naira beverage sector. Source: TheWill Newspaper Nigerians spent about ₦1.41 trillion on beer, malt and spirits in the first...

CBN says reforms have reduced the gap between official and Bureau de Change exchange rates to below two per cent. External reserves remain above $52 billion despite a recent pullback, with the apex bank citing stronger investor confidence. ...

Tinubu says Nigeria has become Africa’s leader in renewable energy skills development with the launch of the continent’s first Barefoot Renewable Energy College. New institution will train technicians, installers and maintenance professionals with globally recognised certifications to drive...

Brent crude slipped below $80 per barrel after renewed progress in US-Iran talks boosted hopes of reopening the Strait of Hormuz, easing concerns over global oil supply disruptions. Senior US officials said negotiations were advancing, prompting a sharp...

Investors lost ₦599 billion as heavy profit-taking dragged the benchmark index lower, with the market recording a negative breadth of 13 gainers against 42 losers. AVA Capital, NREIT and Livestock Feeds topped the gainers’ chart, but their advances...

Seplat Energy, Zenith Bank, GTCO, MTN Nigeria and Dangote Cement remain the NGX’s leading dividend-paying stocks in 2026. Strong earnings, healthy cash flows and consistent payout records continue to support shareholder returns despite a high-interest-rate environment. Analysts say...

President Bola Tinubu has invited China to partner with Nigeria through geophysical data sharing to unlock opportunities in the country's marine economy. Nigeria says technology transfer and marine intelligence will deliver greater long-term economic value than traditional development...

Nigeria and Israel have reaffirmed their commitment to expanding cooperation in security, technology, agriculture, healthcare and trade. Foreign Affairs Minister Bianca Odumegwu-Ojukwu said Nigeria is seeking Israeli expertise in counter-terrorism, intelligence and border security. Nigeria's new Ambassador to...

The National Economic Council has approved a $4.5bn refinancing of the Project Gazelle oil-backed loan, replacing the 2023 $3.3bn facility. The refinancing will unlock about $3bn in fresh liquidity while reducing the volume of crude pledged as collateral...

The Debt Management Office has opened subscriptions for its August 2026 savings bond, offering annual returns of up to 14.963 percent. Nigerians can invest from N5,000, with subscriptions closing on August 7 and settlement scheduled for August 12. ...