Business Archives

Court Freezes Alerzo Accounts as Moniepoint Seeks N4.38bn Debt

Moniepoint Microfinance Bank Limited has sued Alerzo Limited and its directors over an alleged N4.38 billion loan default. The Federal High Court in Lagos granted an interim Mareva injunction freezing…

Gong January 30, 2026

Business Metro News

NAFDAC ignores outcry, enforces sachet alcohol ban nationwide

The National Agency for Food and Drug Administration and Control (NAFDAC) has resumed enforcement of the ban on the production and sale of alcoholic beverages packaged in sachets and small…

Gong January 30, 2026

Business Metro News

BREAKING: Soludo closes Onitsha market for 7 days over sit-at-home defiance

Anambra Governor Soludo has ordered the Onitsha market closure for one week following traders' defiance of the government's anti-sit-at-home directive The governor gave the directive on Monday during an on-site…

Gong January 26, 2026

Business Economy Metro

Sokoto airstrikes: Nigeria not at war, economy stable – FG

The Federal Government has reassured investors and international partners that Nigeria remains economically stable and is not at war. The clarification followed a joint security operation conducted by Nigerian and…

Gong December 29, 2025

Fuel price to drop nationwide as imported petrol price undercuts Dangote Refinery’s rate

Business Economy Metro

Nigerian govt suspends implementation of 15% petrol import duty

The Nigerian Government has suspended the implementation of a 15 per cent import duty on premium motor spirit and automotive gas oil. The spokesperson of the Nigerian Midstream and Downstream…

Gong November 13, 2025

Police launch probe as IED explosion kills four children in Borno

Business Crime Economy

Anambra is safe for Christmas, come home – Police

The Commissioner of Police, Anambra State, Ikioye Orutugu, yesterday, called on indigenes of the state to return en masse for the forthcoming Christmas, stating that the state is free and…

Gong November 10, 2025

Dollar to Naira exchange rate for October 24, 2025

Business Economy Metro

Dollar to Naira exchange rate for October 25, 2025

The naira held near mid-October levels on Saturday as official market fixings remained around ₦1,460 per US$1 while the parallel (black) market continued to trade notably weaker, averaging ₦1,495–₦1,500 per…

Gong October 25, 2025

Business Metro News

Petrol marketers to dump Dangote Refinery for cheaper fuel

Nigerian petroleum product marketers have announced plans to abandon Dangote Refinery’s petrol in favour of cheaper imported fuel. The spokesperson of the Independent Petroleum Marketers Association of Nigeria, IPMAN, Chinedu…

Gong October 25, 2025

Nigeria Is Failing Its Market Women With a Broken Credit System

Business Metro News

41% of women-owned informal businesses earn below N10,000 profit daily

A new report by Moniepoint has revealed that 41 percent of women-owned informal businesses in Nigeria earn less than N10,000 in daily profit. According to the Moniepoint Informal Economy Report…

Gong October 24, 2025

Iran eliminates four US soldiers in retaliatory strikes

Iran: US-Israel forces kill top Hezbollah chief, Makled

DSS arrests man over Edo attack on Obi, ADC leaders

‘I want to see Nnamdi Kanu before God calls me’, 99-year-old woman begs Tinubu

Court Freezes Alerzo Accounts as Moniepoint Seeks N4.38bn Debt

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