Business & Economy - Page 13

President Bola Ahmed Tinubu on Monday welcomed the latest Gross Domestic Product (GDP) performance figures released by the National Bureau of Statistics (NBS), which showed that Nigeria’s economy expanded by 4.43 per cent in real terms during the second quarter of 2026.

By Paul Sanusi A Federal High Court, Lagos, has in the interim restrained the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) an agency federal government of Nigeria charged with the responsibility to regulate, monitor, supervise technical and commercial operations in the country’s

The Dangote Petroleum Refinery and Petrochemicals is weighing a decisive policy shift to restrict the sale of Premium Motor Spirit (PMS) to major oil marketers that continue to import petrol into the country. ​According to industry sources speaking on Sunday, August 30,

Leading fintech company OPay Digital Services has dismissed as false, malicious, and misleading a viral social media publication claiming the platform would embark on a prolonged break starting September 1, 2026, and advising customers to withdraw or transfer their funds. ​The firm

Motorists, transport operators, and consumer rights advocates gathered at the Labour House in Central Business District, Abuja, at 10:00 AM on Sunday, August 30, 2026, to express deep concerns over the persistent volatility of petrol pump prices across Nigeria. ​The public outcry

The Securities and Exchange Commission (SEC) has confirmed zero settlement defaults recorded since Nigeria migrated to the T+1 settlement cycle. The regulatory body disclosed that the ongoing transition has been exceptionally smooth, receiving positive feedback from both domestic and foreign institutional investors.

The Central Bank of Nigeria (CBN) says the country recorded 947 million dollars in remittance inflows through International Money Transfer Operators (IMTOs) in July. The Governor of the CBN, Olayemi Cardoso, said this in a statement by the corporate communications department on

The Ondo State Government has announced an 82.6% reduction in its domestic debt profile over the past 18 months, alongside securing $4 billion in proposed investments and generating over 6,000 jobs across key sectors. ​The Chief Press Secretary to Governor Lucky Aiyedatiwa,

Moody’s Ratings has revised Nigeria’s sovereign credit outlook from stable to positive while affirming the nation’s long-term foreign and local currency issuer ratings at B3. ​The international credit rating agency issued the announcement in a rating action released on Friday, August 28,

By Edeki Igafe The Niger Delta Development Commission (NDDC) has mobilised two contractors to reconstruct a 15.4-kilometre failed section of the Benin-Sapele Expressway. Speaking on Friday  during the flagged off, Mr Chiedu Ebie, the Chairman of NDDC Governing Board, said that the