Business Archives - Page 3 of 37 - Independent Digital News Network

NGX falls for fifth straight session as market cap drops ₦256bn

IDNN4 weeks ago4 weeks ago

The NGX has fallen for five consecutive sessions, but with the market still up 60.83% year-to-date, Wednesday's close will be the key test of whether the pullback is deepening or stabilising....

CBN cuts policy rate to 23% — now the test is whether cheaper money reaches businesses

IDNN4 weeks ago4 weeks ago

4 weeks ago4 weeks ago0

The CBN has cut its benchmark interest rate to 23%, but the real test is whether lower policy rates translate into cheaper bank credit, stronger investment and wider economic relief....

Nigeria opens 40 oil blocks as test shifts from licences to actual drilling

IDNN4 weeks ago4 weeks ago

4 weeks ago4 weeks ago0

Nigeria has opened 40 oil and gas blocks in its 2026 licensing round, but the real test will be whether successful bids translate into deployed capital, drilling and production....

MAN says manufacturers spent about ₦1.35tn on alternative power — and factories are becoming their own utilities

IDNN4 weeks ago4 weeks ago

4 weeks ago4 weeks ago0

MAN estimates manufacturers spent about ₦1.35 trillion on alternative energy in 2025, up from ₦1.11 trillion in 2024. The number puts a price on the parallel power infrastructure factories say they need simply to keep production running...

Oil retreats to $100.32 after G7 intervention — but Nigeria’s revenue exposure is far from over

IDNN4 weeks ago4 weeks ago

4 weeks ago4 weeks ago0

Brent’s October 5 settlement stood $35.47 above Nigeria’s 2026 budget oil-price benchmark. But production, realised prices, government take and exchange rates determine how much of that apparent upside reaches public finances....

DisCos collected ₦603.64bn in Q2 — but losses, subsidy obligations and metering gaps still expose Nigeria’s power market

IDNN4 weeks ago4 weeks ago

4 weeks ago4 weeks ago0

Nigeria’s electricity distribution companies collected ₦603.64 billion from customers in the second quarter of 2026, but still recorded ₦129.07 billion in revenue loss against regulatory......

Nigeria’s 350bp rate reset puts borrowing costs, bond returns and bank pricing in play

IDNN4 weeks ago4 weeks ago

4 weeks ago4 weeks ago0

Nigeria’s policy rate has fallen sharply, but cheaper money is not yet guaranteed. The next test is whether the CBN’s 350-basis-point reset reaches government borrowing, bank lending, investors and the real economy....

Nigeria’s FX Market Turnover Falls 35.4% to $1.70bn as Spot Trading Contracts

IDNN1 month ago1 month ago

1 month ago1 month ago0

Nigeria’s foreign exchange market turnover fell 35.41% to $1.70 billion in the week ended October 2, with the contraction concentrated in spot trading while forward......

Nigeria’s Power DisCos Billed ₦250.79bn From ₦333.94bn Energy Received, Collected ₦205.53bn in July

IDNN1 month ago1 month ago

1 month ago1 month ago0

Nigeria’s electricity distribution companies collected ₦205.53bn after receiving ₦333.94bn worth of energy in July, exposing the commercial gap between electricity received, billed and paid for....

CBN Surveys Show Business Activity Expanding as Household Confidence Weakens

IDNN1 month ago1 month ago

1 month ago1 month ago0

Nigeria’s business activity expanded again in September, but CBN survey reporting shows household confidence deteriorating as consumers remain under pressure from prices and weak personal finances...

Business

NGX falls for fifth straight session as market cap drops ₦256bn

CBN cuts policy rate to 23% — now the test is whether cheaper money reaches businesses

Nigeria opens 40 oil blocks as test shifts from licences to actual drilling

MAN says manufacturers spent about ₦1.35tn on alternative power — and factories are becoming their own utilities

Oil retreats to $100.32 after G7 intervention — but Nigeria’s revenue exposure is far from over

DisCos collected ₦603.64bn in Q2 — but losses, subsidy obligations and metering gaps still expose Nigeria’s power market

Nigeria’s 350bp rate reset puts borrowing costs, bond returns and bank pricing in play

Nigeria’s FX Market Turnover Falls 35.4% to $1.70bn as Spot Trading Contracts

Nigeria’s Power DisCos Billed ₦250.79bn From ₦333.94bn Energy Received, Collected ₦205.53bn in July

CBN Surveys Show Business Activity Expanding as Household Confidence Weakens

Latest News

Gezawa Market fire destroys containers, eight shops

Owerri teenager dies after alleged push, police say

Police probe alleged assault in Ede, Osun

Two visually impaired travellers abducted in Plateau — association

Plateau varsity student recovered, university says