Search
HomeBusiness

Business

Business

Nigeria Cuts Petrol Imports as Local Refining Rises in December

KEY POINTS Petrol imports fell by 19 percent in December, while local refinery supply jumped by 64 percent. Total petrol supply averaged 74.2 million litres daily, up from November levels. Daily petrol consumption rose to a record 63.7 million litres, the highest in 2025. Nigeria...
Politics

Abia Obidient Group Denies Threat to Withdraw Support for Otti

Abia’s Obidient Movement says reports linking its support for Governor Alex Otti to ADC defection plans are false and misrepresent its position.

Keep exploring

Business

Nwanze Reflects on Crisis, Capital and the Future of African Energy

Sam Nwanze breaks down how Africapitalism, discipline, and financial innovation helped Heirs Energies navigate crises and chart a stronger future.
Business

Seplat Energy Boosts Output After Replacing Key Offshore Unit

Seplat Energy has completed a major inlet gas exchanger upgrade offshore Nigeria, boosting NGL output and strengthening its 2025 operational performance.
Business

NAFDAC Gains Full Membership in Global Drug Body

NAFDAC has secured full ICH membership, placing Nigeria among top global regulators and strengthening access to high-quality, safe and effective medicines.
Business

Starlink Global Rises as Key Player in Non-Oil Exports

Starlink Global export growth pushes Nigeria’s non-oil market forward as Adeniji Adeyemi expands cocoa operations into a $550 million export powerhouse.
Business

BUA Group Signs New Deal To Boost Rice Processing Capacity

BUA Group accelerates its food-sector growth with a new rice processing partnership, strengthening its expansion strategy across Nigeria’s manufacturing landscape.
Business

Court Pauses $111 Million Loan Case Involving Emeka Offor

A London court pauses the Emeka Offor loan dispute, giving Kaztec Engineering space to negotiate a path out of a $111 million debt clash.
Business

First HoldCo Partners With Microsoft to Advance Africa’s Innovation

The First HoldCo Microsoft partnership aims to accelerate innovation and expand technology access across Africa under Femi Otedola’s leadership.
Business

CBN Lifts Limits, Raises Weekly Withdrawal Threshold

The Central Bank of Nigeria has overhauled its cash-handling rules, lifting deposit limits and increasing weekly withdrawal thresholds to N500,000 for individuals and N5 million for corporates.
Business

Ogbechie’s Eterna Stake Rebounds Above $20 Million

Eterna Plc shares have rebounded sharply on the Nigerian Exchange, lifting Chairman Gabriel Ogbechie’s stake back above $20 million after months of market losses.
Business

2Baba London Airport Altercation Resurfaces

Former manager Kaka Igbokwe confirms the viral London airport arrest video involving 2Baba and Natasha, reigniting widespread debate across social media.
Business

Kenya Pushes Ahead With Chinese-Led Highway Plan

Kenya advances a major highway upgrade with Chinese partners, boosted by Tony Elumelu’s investment pledge.
Business

First HoldCo Completes Sale of FBNQuest Merchant Bank

First HoldCo completes its divestment of FBNQuest Merchant Bank as Otedola advances a group-wide restructuring strategy.
Load more

Latest articles

Business

Nigeria Cuts Petrol Imports as Local Refining Rises in December

KEY POINTS Petrol imports fell by 19 percent in December, while local refinery supply...
Politics

Abia Obidient Group Denies Threat to Withdraw Support for Otti

Abia’s Obidient Movement says reports linking its support for Governor Alex Otti to ADC defection plans are false and misrepresent its position.
News

Aid Cuts Deepen Hunger in Northeast Nigeria, WFP Says

WFP warns that aid cuts in northeast Nigeria are deepening hunger as funding shortfalls force sharp reductions in food and nutrition assistance across the region.
Business

Tony Elumelu Urges CEOs to Lead With Trust, Not Titles

Tony Elumelu says modern leadership is built on trust, accessibility and execution, not hierarchy, as his businesses post landmark banking and energy deals.

The Nigerian Inquirer asks the questions that matter to the people, probing into stories that others might overlook.

© 2025 The Nigerian Inquirer. All Rights Reserved.