BUSINESS Archives - Page 8 of 36

FG Borrowing Rises 61% To ₦12.62 Trilion Amid Revenue Shortfall 0
- BUSINESS, SLIDE
- July 29, 2026
The Federal Government exceeded its approved borrowing target for 2024 by ₦4.79 trillion, borrowing a total of ₦12.62 trillion during the year as revenue fell significantly below expectations, according to the Fourth Quarter and Consolidated Budget Implementation Report for 2024 released by the Budget Office of the Federation. Ex-Kano LG Chairman Returns To Tailoring
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Oil Price Falls By 6% As US-Iran Tensions Ease 0
- BUSINESS, SLIDE
- July 28, 2026
LONDON – Global oil prices plunged on Monday after the United States and Iran paused their exchange of attacks, easing fears of disruptions to crude supplies and shipping through the Middle East. International benchmark Brent crude dropped six per cent to about $86.22 per barrel, while U.S. West Texas Intermediate (WTI) fell 6.8 per
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Ekiti State Monthly Revenue Hits N2.75 Billion,Eyes N3 billion Target 0
- BUSINESS, SLIDE
- July 27, 2026
Ado-Ekiti – Ekiti State has recorded a significant increase in its Internally Generated Revenue (IGR), with monthly collections rising to ₦2.75 billion as the state intensifies efforts to attain the ₦3 billion monthly revenue target. 2027: Opposition Single-Candidate Push Suffers Setback The Chairman of the Ekiti State Internal Revenue Service (EKIRS), Mr. Olaniran Olatona, disclosed
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US Slaps 12.5% Tariff On Nigerian Imports (Full Lists)0

The United States has imposed a 12.5 per cent additional tariff on most imports from Nigeria as part of new trade measures targeting countries it says have failed to effectively prohibit goods produced with forced labour from entering their markets. News reports that the Office of the United States Trade Representative announced the measures on Thursday,

OPay Targets One Billion Users, 10 Million Merchants 0

Digital financial services provider OPay has unveiled an ambitious long-term growth strategy aimed at serving one billion users, supporting 10 million merchants, and creating one million jobs as it expands its digital finance ecosystem. The fintech company disclosed the targets during a Media Parley in Lagos, where its executives outlined plans to deepen investment in

Dangote Refinery Completes $2.5 Billion Private Equity Placement 0

Dangote Petroleum Refinery and Petrochemicals FZE has successfully completed a $2.5 billion private equity placement to finance the expansion of its refinery and petrochemical complex, with investor demand exceeding expectations. In a statement issued on Thursday, July 23, the company disclosed that the private placement was 3.7 times oversubscribed relative to its initial offer size,