Business Archives - News Desk Nigeria

Report: Nigeria’s Elite Carry On In ‘Business As Usual’ Manner Despite Deepening Hardship

NewsDeskNgApr 9, 2026April 9, 20260

BTI report says political elite maintain status quo as inflation, poverty rise, weakening trust in institutions and worsening economic conditions nationwide. Nigeria’s political and economic elite have largely continued to operate in a “business as usual” manner despite worsening living conditions for the majority of citizens, according to the Bertelsmann...

Dangote Refinery Affirms PMS Price Stability, Denies Increase

NewsDeskNgApr 8, 2026April 8, 20260

Dangote Refinery says PMS price remains unchanged, assures steady supply to stabilise Nigeria’s fuel market amid volatility concerns. Dangote Petroleum Refinery & Petrochemicals has reaffirmed that the price of Premium Motor Spirit (PMS), commonly known as petrol, remains unchanged, allaying concerns over possible volatility in Nigeria’s downstream petroleum market. A...

Powering the Dreams of Young Nigerians — See Why Everyone Is Buying the itel City 200

NewsDeskNgApr 8, 2026April 8, 20260

In a fast-paced digital world where smartphones are more than just communication tools, young Nigerians are seeking devices that match their ambition, hustle, and lifestyle. Enter the itel City 200 — a game-changing smartphone that is quickly becoming the go-to choice for value-driven consumers across the country. Built for the...

Afreximbank Unveils $10bn Emergency Facility To Shield Africa, Caribbean From Gulf Crisis Shock

NewsDeskNgApr 8, 2026April 8, 20260

Afreximbank launches $10bn facility to support imports, stabilise currencies and help economies weather Middle East crisis disruptions. The African Export-Import Bank has approved a $10 billion emergency facility aimed at cushioning African and Caribbean economies from the widening economic fallout of the escalating Middle East conflict, as concerns mount over...

UN Backs Dangote Group To Scale Impact On Africa’s Food Security

NewsDeskNgApr 8, 2026April 8, 20260

UN pledges support for Dangote to boost food security as company expands fertiliser, fuel exports across Africa. The Deputy Secretary-General of the United Nations, Amina Mohammed, has underscored the strategic importance of Dangote Industries Limited, particularly the Dangote Fertiliser Limited—in addressing Africa’s mounting food security challenges, while calling for stronger...

Tinubu, Dangote, Global Leaders To Attend Africa CEO Forum 2026 In Kigali

NewsDeskNgApr 7, 2026April 7, 20260

Tinubu, Dangote, and global leaders to attend Africa CEO Forum 2026 in Kigali, focusing on Africa’s economic scale agenda. President Bola Ahmed Tinubu is expected to join world leaders, policymakers and global investors at the Africa CEO Forum 2026 scheduled to hold in Kigali, Rwanda, on 14–15 May 2026. The...

Nigerian Airlines Hold Fares Steady Despite Soaring Aviation Fuel Costs During Easter Travel Surge

NewsDeskNgApr 7, 2026April 7, 20260

Nigerian airlines keep fares stable during Easter despite rising aviation fuel costs, absorbing losses as operational pressures continue mounting. Domestic airlines did not increase fares during the Easter holiday despite the high cost of aviation fuel, which rose from N995 per litre in January to between N2, 700 to N3000...

Gold Drops As Dollar Gains On Strong Jobs Data

NewsDeskNgApr 6, 2026April 6, 20260

Gold fell as a stronger dollar, boosted by solid US jobs data, outweighed safe-haven demand. US President Donald Trump is set to address markets as gold prices eased due to rising geopolitical tensions and strong economic data Gold prices fell on Monday as a stronger US dollar and robust jobs...

ExxonMobil Set To Approve $10bn Nigeria Deepwater Projects, Targets 250,000bpd Output

NewsDeskNgApr 6, 2026April 6, 20260

ExxonMobil nears FID on $10bn projects, targeting 250,000bpd output increase in Nigeria within five years through new investments. American oil giant, ExxonMobil has indicated its plan, in collaboration with its joint venture partners, to soon declare readiness to proceed with the Final Investment Decisions (FIDs) on some major deep-water projects...

Central Bank Of Nigeria Announces Completion Of Banking Recapitalisation Programme

NewsDeskNgApr 1, 2026April 1, 20260

CBN has announced the completion of its banking recapitalisation programme aimed at strengthening the resilience of Nigeria’s financial system The Central Bank of Nigeria (CBN) has announced the successful completion of its banking sector recapitalisation programme, with lenders raising a total of ₦4.65 trillion in fresh capital over a two-year...