Business

All the recent business news in Nigeria, economy and industry updates.

5000 SMEs expected as Arewa festival begins Saturday 

    About 5000 Small and Medium Enterprises (SMEs) and over 200000 visitors are expected as 19 northern states showcase their trade, creativ

At $46.7bn, foreign reserves hit seven-year high

Nigeria’s foreign reserves have risen to $46.7 billion as of November 14, 2025, which translates to 10.3 months of import cover in goods and services,

Nigeria’s rising debt profile: Context, risks, and the road ahead

Nigeria’s public debt has reached unprecedented levels, rising to N152.39 trillion (USD99.66 billion) as at June 2025 and likely to exceed N160 trilli

With 1.7m bpd, $20bn field plans, Nigeria is making progress – NUPRC

Nigeria is making significant progress in its upstream petroleum sector despite global divestment pressures and the accelerating shift towards renewab

Reps moves to tackle billion dollar oil revenue leakages

The House of Representatives Ad-hoc Committee on Pre-shipment Inspection of Exports and Non-remittance of Crude Oil Proceeds has warned that Nigeria i