Business
Economy, markets, the naira, oil and gas, banking and enterprise.
FG Denies Missing $12.4bn External Accounts Gap
The Federal Ministry of Finance has rejected allegations of an unaccounted $12.4 billion shortfall in Nigeria’s external accounts, stating that the sum represents a conventional statistical…
Fuel Subsidy Reversal Could Crash Naira to ₦4,000, FG Warns
The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has warned that any policy reversal on petroleum subsidy could crash the Naira to…
FG Unveils 10-Year Capital Market Masterplan to Drive $1tn Economy
The Federal Government has officially launched the Nigeria Capital Market Masterplan 2.0 (NCMMP 2026–2036), unveiling a 10-year financial roadmap designed to support the nation’s drive towards…
Inflation Eases to 14.6% as Nigeria and World Bank Clash Over ₦7.7tn Debt Bill
Nigeria’s headline inflation eased to 14.63 per cent in September, continuing a multi-month decline even as a sharp fiscal dispute erupted between the Federal Government and…
Nigeria Targets 7% Economic Growth, Rules Out Subsidy Return at IMF-World Bank Meetings
Nigeria has set an ambitious economic growth target of 7 per cent, with economic authorities firmly ruling out any reversal of fuel subsidy removals or foreign…
Dangote Refinery Posts Record $4.7bn Profit as Pan-African IPO Surges
The Dangote Petroleum Refinery has recorded a major financial turnaround, posting a net profit of $4.73 billion for the first nine months of 2026 and reversing…