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Category: Business

Naira Strengthens To ₦1,342.5/$
Business

Naira Strengthens To ₦1,342.5/$

hopticsApril 18, 2026

  The Naira continued its appreciation on Friday from N1,355.25/$ recorded at the end of the previous week, closing at…

EU’s Jet Fuel Imports From Nigeria Surges In April
Business

EU’s Jet Fuel Imports From Nigeria Surges In April

David BenjaminApril 18, 2026

  Europe’s importation of jet fuel from Nigeria and the United States rose sharply in April, data from Kpler and…

Netflix Shares Fall Over Exit Of Co-Founder Reed Hastings
Business

Netflix Shares Fall Over Exit Of Co-Founder Reed Hastings

manonjules98April 18, 2026

  Netflix shares fell more than 10% in early trading on Friday, as investors digested the surprise exit of co-founder…

Remi Tinubu to Launch ECoN Initiative in Kano to Boost Innovation
BusinessEconomyNews

Remi Tinubu to Launch ECoN Initiative in Kano to Boost Innovation

David BenjaminApril 17, 2026April 17, 2026

The Federal Ministry of Innovation, Science and Technology and Remi Tinubu will launch the Energise Commercialisation Now (ECoN) initiative in…

Josh Oyebisi Says SMEs Need Liquidity to Thrive
BusinessEconomyNews

Josh Oyebisi Says SMEs Need Liquidity to Thrive

David BenjaminApril 17, 2026April 17, 2026

The Managing Director of Mutual Trust Microfinance Bank, Josh Oyebisi, has emphasized that Small and Medium-scale Enterprises (SMEs) in Nigeria…

CBN Launches New Benchmark Rate To Strengthen Nigeria’s Money Market
Business

CBN Launches New Benchmark Rate To Strengthen Nigeria’s Money Market

David BenjaminApril 17, 2026

  The Central Bank of Nigeria (CBN) has announced the introduction of the Nigerian Overnight Financing Rate (NOFR). This new rate,…

Oil Plunges, Stocks Jump As Iran Declares Hormuz Open
Business

Oil Plunges, Stocks Jump As Iran Declares Hormuz Open

David BenjaminApril 17, 2026

Oil prices plunged more than 10 per cent on Friday after Iran said the Strait of Hormuz would be “completely…

[VIDEO] Jet A1 Price Hike: Airline Operators Warn Effect Of Aviation Shutdown Will ‘Be Huge’
Business

[VIDEO] Jet A1 Price Hike: Airline Operators Warn Effect Of Aviation Shutdown Will ‘Be Huge’

Iggy JonesApril 16, 2026

  Airline operators in Nigeria have raised an alarm over rising Jet A1 fuel prices, warning that the impact of…

IMF Projects Rise In Nigeria’s Debt-To-GDP Ratio To 33.1% In 2027
Business

IMF Projects Rise In Nigeria’s Debt-To-GDP Ratio To 33.1% In 2027

hopticsApril 16, 2026

  The International Monetary Fund (IMF) has projected a rise in Nigeria’s debt-to- debt-to-gross domestic product (GDP) ratio to 33.1…

Repsol Taking Back Control Of Venezuelan Oil Assets
Business

Repsol Taking Back Control Of Venezuelan Oil Assets

hopticsApril 16, 2026

  Spanish energy group Repsol said on Thursday it has reached an agreement with the Venezuelan government to regain control…

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