Latest Business News

Oil price hits $77 per barrel as Israel-Iran war rages

  Oil prices apiked on Tuesday as the ongoing Iran-Israel conflict showed…

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Nigeria imports N1.2tn crude as local output falls

  Despite being Africa’s largest crude oil producer, Nigeria imported crude oil…

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PENGASSAN says marketers exploiting Nigerians… petrol price should be N750 per litre

  The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN)…

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Oracle co-founder Ellison becomes second richest man, adding $40bn in 2 days to reach $258bn

  Oracle Co-founder Larry Ellison added $40 billion to his net worth…

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Multichoice considers weekly DStv subscriptions as subscribers dump service

  PayTV operator, Multichoice Group, is considering a weekly subscription model across…

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Jumia ramps up strategy to counter Chinese rivals Temu, Shein amid investor pressure

  Africa’s e-commerce giant, Jumia, said it is reshaping its business strategy…

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Dangote refinery to begin free fuel distribution August 15 as tanker drivers threaten strike

  The Dangote Petroleum Refinery has announced plans to begin a nationwide…

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Access Bank acquires Standard Chartered Bank Gambia

  After operating for 130 years, Standard Chartered Bank had ceased to…

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Nigeria’s oil production falls to 1.45m bpd in May 2025 – NUPRC

Nigeria's oil production dropped to 1,452,941 barrels of oil per day (bpd)…

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Fitch upgrades Wema Bank’s National Rating to A–(nga), outlook raised to positive

  Global credit rating agency Fitch Ratings has upgraded Wema Bank’s National…

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