BUSINESS

  • NIPC Raises Concern Over Impact Of Social Media On Investment

    NIPC Raises Concern Over Impact Of Social Media On Investment0

    The Deputy Director and Head of Planning at the Department of Strategic Services of the Nigerian Investment Promotion Commission, Abdullahi Shiru, has said that negative comments on social media are impacting Nigeria’s investment drive. Speaking at a recent engagement, Shiru noted that online narratives play a significant role in shaping how potential investors perceive Nigeria.

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  • NUPRC Shortlists Firms For Nigeria’s 50 Block Oil Auction

    NUPRC Shortlists Firms For Nigeria’s 50 Block Oil Auction0

    The Nigerian Upstream Petroleum Regulatory Commission has announced the shortlist of firms qualified to participate in Nigeria’s upcoming 50 block oil licensing round, marking a significant step in the country’s efforts to boost investment in the upstream sector. According to the commission, the selected companies emerged after a rigorous screening process that assessed technical capacity,

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  • Afrobeats Boom Drives ₦60bn Revenue From 30.3 Billion Streams

    Afrobeats Boom Drives ₦60bn Revenue From 30.3 Billion Streams0

    Spotify has revealed that Nigerian artists generated more than ₦60 billion in royalties in 2025, driven by an impressive 30.3 billion streams globally, according to its latest Loud and Clear report. The report highlights the growing global influence of Nigerian music, with artists from the country continuing to dominate streaming platforms and expand their international

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  • Dangote Expands Africa Footprint With $4.2bn Gas Supply Deal

    Dangote Expands Africa Footprint With $4.2bn Gas Supply Deal0

    Aliko Dangote’s conglomerate has signed a $4.2 billion gas supply agreement with GCL Group to support the construction of a new fertilizer plant in Ethiopia. The deal is part of Dangote Industries’ expansion into East Africa and aims to strengthen agricultural production in the region. According to company sources, the agreement ensures a stable and

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  • Inflation Rate Falls Marginally As Food Prices Remain High

    Inflation Rate Falls Marginally As Food Prices Remain High0

    Nigeria’s headline inflation rate eased slightly to 15.06 percent in February, according to the latest data released by the National Bureau of Statistics. The report shows that inflation declined marginally from 15.10 percent recorded in January, continuing a gradual downward trend in consumer prices across the country. The statistics agency noted that the decline marks

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  • Telecom Giant MTN Records $2.81bn Profit

    Telecom Giant MTN Records $2.81bn Profit0

    Telecommunications giant MTN Group has reported an annual profit of $2.81 billion, driven largely by strong performances in key markets including Nigeria and Ghana. The company said its financial results reflected improved revenue growth increased data usage and expansion of digital services across its African operations. Nigeria remained MTN’s largest market contributing a significant share

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