Business
Latest Business and Economy News in Nigeria
Nigeria’s economy is constantly evolving, and understanding the forces behind it is essential for businesses, investors, entrepreneurs, and everyday consumers. The Business section of Naija Daily News delivers trusted reporting on the latest economic developments, financial markets, corporate activities, and policies shaping the nation’s economy.
Our coverage includes banking and finance, the Central Bank of Nigeria, inflation, exchange rates, oil and gas, taxation, investments, entrepreneurship, startups, and major corporate announcements. We also report on market trends and economic policies that influence businesses and households across the country.
- Mar 2025March 19, 2025
Dangote Refinery suspends sale of petrol in naira
Dangote Refinery has decided to halt the sale of petroleum products in naira as…
- March 18, 2025
Google to acquire cybersecurity firm Wiz for $32 billion
By Deborah Nnamdi Google said Tuesday it will acquire cloud security platform Wiz for…
- March 17, 2025
Max Air to resume operations March 21 after tire burst incident
By Deborah Nnamdi Max Air, an indigenous carrier, has announced it will resume domestic…
- March 5, 2025
I’m on holiday after $20bn refinery project – Dangote
Africa’s richest man and President of Dangote Industries Limited, Alhaji Aliko Dangote, on Wednesday…
- March 5, 2025
China is ready for any war with U.S. – Embassy tells Trump
China issued a stark warning that it is prepared to engage in “any type” of conflict with the United States in response to President Donald Trump’s escalating trade tariffs on Chinese imports. The tension intensified on Tuesday when President Trump raised tariffs on Chinese goods to 20%, prompting China to retaliate with its own set of tariffs—15% on American agricultural products. In a statement released on X (formerly Twitter), the Chinese Embassy in Washington declared: “If war is what the U.S. seeks— whether it be a tariff war, trade war, or any other type of confrontation—we are prepared to fight until the end.” The Embassy also addressed the ongoing fentanyl crisis, accusing the United States of using it as a pretext to justify tariff increases. The statement said, “If the U.S. genuinely wants to resolve the fentanyl issue, it should engage with China as equals and through dialogue.” China dismissed the U.S. stance as a “flimsy excuse” to impose further tariffs on Chinese imports, reaffirming that its countermeasures are legitimate efforts to protect its national interests. The Embassy insisted that the U.S. is primarily responsible for the fentanyl epidemic within its borders, noting that China has already taken significant steps to assist the U.S. in combating the issue. “In the…
- March 2, 2025
Elon Musk, three others lose $138 billion in net worth as tech stocks decline
At the start of the year, the world’s wealthiest individuals were seeing their fortunes…
- Feb 2025February 28, 2025
Microsoft to shut down Skype May
By Deborah Nnamdi Microsoft on Friday announced it was retiring Skype, the online voice…
- February 28, 2025
Bitcoin faces major decline amid trade tensions, market fear
Bitcoin has entered a corrective phase, falling below $80,000 and losing nearly 37% from…
- February 27, 2025
Dangote reduces petrol price to N860 per liter in Lagos
Dangote Petroleum Refinery on Wednesday, announced a reduction in the ex-depot (gantry) price of…
- February 27, 2025
Crash cement price now – FG tells Dangote, BUA
The Federal Government has urged cement manufacturers to reduce prices to N7,000, citing improved…
