Business
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Speaker Abbas meets regional caucus leaders, lobbies passage of controversial tax bills
The speaker of the House of Representatives, Tajuddeen Abbas, on Monday met with six regional caucus leaders and their secretaries…
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Nigeria’s inflation rate jumps to 34.6% in November, deepening hardship
Nigeria’s inflation rate surged to 34.60% in November 2024, up from 33.88% in October, signaling deepening economic hardship for the…
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CBN fines banks ₦150m for facilitating illegal mint naira trade
The Central Bank of Nigeria (CBN) has announced a ₦150 million fine for Deposit Money Banks (DMBs) found guilty of…
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CBN reaffirms all naira notes remain legal tender indefinitely
The Central Bank of Nigeria (CBN) has reaffirmed that all versions of the naira, including the old and new designs…
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Moghalu criticizes lack of corporate governance in Nigeria’s public corporations
On Friday, December 13, 2024, Professor Kingsley Moghalu, a former presidential candidate for the Young Peoples Party (YPP), expressed concern…
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World Bank set to approve Nigeria’s $500 million loan, 10th under Tinubu’s administration
On Friday, December 13, 2024, the World Bank is expected to approve a $500 million loan for Nigeria to enhance…
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NMDPRA denies directive to halt gas supply to GenCos
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has refuted claims that it issued a directive halting gas supply…
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Reps demand closure of illegal loan apps used in ‘one chance’ scams
On Wednesday, December 11, 2024, the House of Representatives called for the immediate closure of illegal loan apps that criminals,…
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Nigeria’s Ademola Adeyemi-Bero Appointed OPEC Board Chairman for 2025
The Organisation of Petroleum Exporting Countries (OPEC) has appointed Ademola Adeyemi-Bero, as the new Chairman of the OPEC Board of…
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MTN, Oando, others lift stock market by N60bn
The domestic bourse rebounded from its previous trading session’s loss, adding N60 billion as investors renewed interest in MTN Nigeria,…
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Port Harcourt refinery over 90% completed – NNPCL
On Monday, December 9, 2024, the Nigerian National Petroleum Company Limited (NNPCL) announced that the new Port Harcourt refinery is…
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Cash scarcity hits Kaduna, Kano, Katsina
With barely two weeks until Christmas and the subsequent new year celebrations, getting cash in Kaduna, Kano and Katsina States…
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Nigeria spends $480m on importation of 3m tonnes of rice annually — NEPC
The Nigeria Export Promotion Council, NEPC, on Thursday described as unacceptable continuous spending of 480 million dollars on importation of…
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We’re investigating Air Peace alleged exploitative ticket pricing — FCCP
The Federal Competition and Consumer Protection Commission, FCCPC, says its inquiry into allegations of exploitative ticket pricing by AirPeace and…
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Max Air explains emergency landing after bird strike on Maiduguri-Abuja flight
Max Air has clarified the circumstances surrounding the emergency landing of its Flight VM1623, with registration number 5N-BBM, which returned…
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Senate slams power sector privatization, considers legislative reversal
The Nigerian Senate on Thursday criticized the privatization of the power sector, labeling it a failure, and threatened to introduce…
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Governor Dapo Abiodun presents N1.055trn 2025 appropriation bill to state house assembly
Ogun State Governor, Prince Dapo Abiodun, on Wednesday, presented the state’s 2025 Appropriation Bill of N1.055 trillion to the State…
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Sanwo-Olu Refutes Claims That Lagos Will Benefit Most from Tax Reforms
Lagos State Governor Babajide Sanwo-Olu has refuted claims that Lagos would be the main beneficiary of the proposed tax reforms.…
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Port Harcourt refinery operating at 70% capacity, Onanuga reveals
On Thursday, December 5, Bayo Onanuga, President Bola Tinubu’s Special Adviser on Information and Strategy, announced that the Port Harcourt…
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Nigeria starts firing workers with degrees from unaccredited schools in Benin Republic and Togo
On Wednesday, December 5, the Nigerian government confirmed that it has begun firing workers who hold degrees from unaccredited private…
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Low-Income Earners: PENCOM Allows Full Retirement Savings Withdrawal
In a move aimed at providing financial relief to low-income earners, the National Pension Commission (PENCOM) has announced a new…
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Bitcoin soars past $100,000 amid Trump’s pro-crypto revolution
In a historic milestone, Bitcoin’s value has shattered the $100,000 ceiling, surging to $102,554.52, amid a crypto-friendly wave sparked by…
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CBN directs banks to disburse efficient cash at ATM points, over the counter
The Central Bank of Nigeria, CBN, has directed Deposit Money Banks, DMBs, to ensure efficient cash disbursement to the general…
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Presidency speaks on ‘misconceptions’ about tax reform bills
The Presidency has dismissed allegations that the tax reform bills before the National Assembly were designed to impoverish certain regions.…
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Nigeria prices $2.2bn in 6.5-year, 10-year Eurobonds to finance budget deficits
Nigeria has successfully priced 2.2 billion dollars in Eurobonds maturing in 2031 and 2034 in the international capital markets. This…
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Several sections of Tinubu’s tax reform bill lack clarity – Pantami
Former Minister of Communications and Digital Economy, Prof. Isa Ali-Pantami, has lamented that several sections of the controversial Tax Administration…
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Port Harcourt refinery is still operational – PENGASSAN confirms
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has reassured Nigerians that the Port Harcourt Refinery is…
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Reps direct CBN to delay retirement of 1,000 staff pending investigation
On Tuesday, December 3, the House of Representatives directed the Central Bank of Nigeria (CBN) to suspend the planned retirement…
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Tinubu, Ramaphosa to co-chair 11th Bi-National Commission
President Bola Tinubu will leave France on Monday for Cape Town, South Africa, to co-chair the 11th session of the…
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Port Harcourt refinery resumes full operations after brief scale down — MD
The Port Harcourt refinery has resumed full operations after a brief ”scaling down”, Mr Ibrahim Onoja, the company’s Managing Director…
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Access Bank strengthens Africa’s economic ties with Standard Chartered acquisitions in Angola, Sierra Leone
On Monday, December 2, 2024, Access Bank, Nigeria’s largest bank by assets, made a significant move to boost its presence…
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CBN governor urges Nigerian youths to stay amid economic reforms
Cardoso emphasized that the CBN is working to create an environment where businesses and individuals can thrive, stressing that every…
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NNPCL to further reduce PMS price – PETROAN president
On Friday, November 29, Billy Gillis-Harry, the President of the Petroleum Products Retail Outlet Owners Association (PETROAN), revealed that the…
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Ministry of Transportation hands over completed Port Harcourt-Aba rail section to NRC
The Federal Ministry of Transport has officially handed over the completed Port Harcourt-Aba section of the Eastern Narrow-Gauge Railway Project…
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Ngozi Okonjo-Iweala reappointed as WTO DG
Nigeria’s Okonjo-Iweala has been reappointed as the Director General of the World Trade Organisation (WTO). This is her second term…
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How I collected $400,000 on behalf of Emefiele – Witness
The seventh prosecution witness, John Adetola, in the ongoing trial of ex-governor of Central Bank, Godwin Emefiele, narrated how he…
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UK watchdog announces plans to fully regulate crypto by 2026
On Tuesday, November 26, the UK's financial watchdog revealed plans to introduce complete rules for cryptocurrency by 2026, as the…
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CBN raises interest rate to 27.50% in surprising move
On Tuesday, November 26, the Central Bank of Nigeria (CBN) made a big decision to raise its interest rate to…
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President Tinubu set to present ₦47.9 trillion 2025 budget to National Assembly
President Bola Tinubu will present the 2025 budget proposal to a joint session of the National Assembly on Wednesday, November…
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Port Harcourt Refinery Begins Operations
Today marks a monumental achievement for Nigeria as the Port Harcourt Refinery officially commences crude oil processing. This groundbreaking milestone…
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