Nigeria imports Danish cows in bid to slash $1.5 billion milk import bill
June 2, 2025 Nigeria is importing dairy cattle from Denmark as it aims to double its milk output within five years, part of a plan to cut dairy imports that…
FG unveils MediPool to cut drug costs, boost local production
June 2, 2025 The Federal Government has unveiled MediPool, a pharmaceutical policy innovation aimed at reducing drugs cost and boosting local manufacturing through strategic bulk purchasing. The initiative was announced…
Oil leaps 4% after OPEC+ keeps output increase unchanged
June 2, 2025 Oil prices jumped by about 4% on Monday after producer group OPEC+ kept output increases in July at the same level as the previous two months. Brent…
Oil jumps after OPEC+ sticks to same output hike in July versus June
June 2, 2025 Oil prices rebounded more than $1 a barrel on Monday after producer group OPEC+ decided to increase output in July by the same amount as it did…
Moody’s upgrades Nigeria’s rating to ‘B3’ on better external, fiscal positions
May 31, 2025 Credit ratings agency Moody’s upgraded Nigeria’s rating by a notch to “B3” from “Caa1” on Friday, citing significant improvements in the country’s external and fiscal positions. Earlier…
Fitch Upgrades Fidelity Bank’s National Rating to ‘A+(nga)’, Affirms Long-Term IDR at ‘B’
Global credit rating agency, Fitch Ratings, has affirmed Fidelity Bank Plc’s Long-Term Issuer Default Rating (IDR) at ‘B’ and upgraded its National Long-Term Rating to ‘A+(nga)’ from ‘A(nga)’. The upgrade,…
Nigeria replenishes Trust Fund with $500m –Edun
May 29, 2025 Nigeria has reaffirmed its commitment to Africa’s economic development with a fresh 500 million dollars contribution to the Nigeria Trust Fund (NTF). Nigeria’s Minister of Finance and…
NLNG launches Human Capital Development programme under Train 7 Project
NLNG says it is committed to building Nigerian capacity as it launches its Train 7 Project Human Capital Development (HCD) Basic Training Supplementary Programme in Port Harcourt. The event, which…
Two years of Tinubu: A business perspective, by Abdul Samad Rabiu
As Nigeria marks two years under the leadership of President Bola Ahmed Tinubu, I believe it is important to reflect, not from the lens of politics, but from the perspective…
Oil prices climb $1 as US court blocks Trump tariffs
May 29, 2025 Oil prices rose by around $1 a barrel on Thursday after a U.S. court blocked most of President Donald Trump’s tariffs, while the market was watching out…