Business Archives - News Desk Nigeria

Dangote Refinery Jet Fuel Exports Jump 770% In Two Years, Capture Global Market Share

NewsDeskNgApr 27, 2026April 27, 20260

Dangote Refinery rapidly expands exports to Europe and Africa, while NNPC reports five-year peak in crude oil trading volumes. Jet fuel exports from the Dangote Refinery have surged by about 770 per cent over the past two years, driven by rising global demand for aviation fuel and expanding refining capacity,...

Shoreline, NUPRC Reaffirm Commitment To Nigeria’s Energy Growth And Upstream Development

NewsDeskNgApr 27, 2026April 27, 20260

Shoreline and NUPRC pledge stronger collaboration to boost upstream production, regulatory alignment and Nigeria’s long-term energy development goals. The Managing Director of Shoreline Natural Resources Limited, Mr. Tunde Karim, has paid a visit to the Commission Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Mrs. Oritsemeyiwa Eyesan, with...

Oyedele, Keyamo Move to Cut Aviation Fuel Costs

NewsDeskNgApr 26, 2026April 26, 20260

Nigerian government moves to cut aviation fuel costs as Air Peace reduces Abuja-London flights over supply shortages and rising pressure. The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has confirmed that he recently held talks with the Minister of Aviation and Aerospace Development, Festus Keyamo, to...

IMF Warns Gulf War May Trigger Food Insecurity Surge In Africa

NewsDeskNgApr 25, 2026April 25, 20260

IMF warns conflict, drought, and aid cuts are worsening hunger risks across Nigeria and vulnerable African economies. The International Monetary Fund (IMF) has warned that food insecurity could worsen sharply across Nigeria and other African countries in the wake of economic disruptions triggered by the Gulf War, casting a shadow...

CRMI Backs CBN’s New Digital Banking Safeguards, Welcomes Overnight Rate Reform

NewsDeskNgApr 25, 2026April 25, 20260

The Chartered Risk Management Institute of Nigeria has commended the Central Bank of Nigeria for introducing enhanced regulatory measures aimed at strengthening the security of Nigeria’s digital financial ecosystem. In a statement, the Institute described the new framework as a timely and proactive response to rising risks such as fraud,...

Nigerian Stock Market Surges N16.13 Trillion As Reforms Boost Investor Confidence

NewsDeskNgApr 25, 2026April 25, 20260

NGX records strong rally as investor confidence rises, driven by reforms, earnings growth, and FTSE reclassification gains. The stock market segment of the Nigerian Exchange Limited (NGX) has continued to shrug off mounting geopolitical tensions, delivering a stunning N16.13 trillion appreciation since the beginning of this month amid impressive 2025...

Lagos TUC Accuses National Leadership Of Undermining Democracy, Imposing Leaders

NewsDeskNgApr 25, 2026April 25, 20260

Union crisis deepens as Lagos TUC council insists elected executives are legitimate while rejecting parallel leadership structure. The Lagos State Council of the Trade Union Congress of Nigeria (TUC) has accused the national leadership of attempting to subvert internal democracy by attempting to impose leadership, warning that the ongoing leadership...

Weyinmi Aghadiuno: Flexibility And Opportunity Keep People In The Gig Economy

NewsDeskNgApr 24, 2026April 24, 20260

Bolt executive says flexible work structure and income opportunities sustain Nigeria’s growing gig workforce. Bolt’s Head of Regulation and Public Policy for Africa, Weyinmi Aghadiuno, has said that flexibility and opportunity are the major factors keeping Nigerians actively engaged in the gig economy, despite ongoing economic challenges. Speaking in an...

Nigeria, UK To Deepen Economic Relations, Says Tinubu As British Airways Marks 90 Years

NewsDeskNgApr 23, 2026April 23, 20260

Tinubu reaffirms commitment to stronger Nigeria-UK economic relations as British Airways marks 90 years of operations. President Bola Tinubu has reaffirmed Nigeria’s commitment to deepening economic relations with the United Kingdom, particularly in the aviation sector and other mutually beneficial areas. The President gave the assurance on Wednesday when he...

Love of Country, Big Opportunity: Jack-Rich, Roger Stone Talk Nigeria-U.S. Trade

NewsDeskNgApr 23, 2026April 23, 20260

Belemaoil Group President Tein Jack-Rich joined Roger Stone, longtime strategist and one of President Donald Trump’s closest allies, for talks at Mar-a-Lago this week, with both men emphasizing trade expansion between the United States and Nigeria. Jack-Rich described the trip as “an absolutely wonderful flight from D.C. to Mar-a-Lago with...