Business
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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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President Tinubu assures of greater economic output, welcomes third quarter GDP growth figure
President Bola Tinubu has assured Nigerians of better economic output as the economy continues to expand following the newly released…
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More borrowing needed despite improved revenue by some agencies, Edun tells senate
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, says the Nigerian government needs more borrowings to…
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Nigeria’s economy grows by 3.46% in third quarter of 2024 – NBS
On Monday, November 25, 2024, Adeyemi Adeniran, the Statistician General of the Federation, announced that Nigeria’s Gross Domestic Product (GDP)…
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Dangote Refinery reduces petrol price for oil marketers
Dangote Refinery has announced reductions in its price of Premium Motor Spirit, PMS, also known as petrol, for marketers. Dangote,…
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Nigeria has saved $20bn from subsidy removal – Edun
Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has disclosed that the removal of petrol subsidy and…
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Kaduna makes history with groundbreaking free fertilizer distribution for women farmers
Governor Uba Sani made a big announcement on Friday, November 22, saying that Kaduna State has made history by carrying…
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Dangote refinery restarts crude oil imports from the US to boost production
On Wednesday, November 21, it was reported that Dangote Refinery has resumed importing crude oil from the United States in…
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House of Reps proposes N500 billion capital requirement for DisCos
The House of Representatives has proposed that electricity distribution companies (DisCos) must have a minimum capital base of N500 billion…
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FAAC: FG receives N1.141 trillion for October 2024 – here’s how it’s shared
On Wednesday, November 20, 2024, Nigeria’s three levels of government – federal, state, and local councils – shared a huge…
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CBN warns against fake SWIFT messages, vows to report fraudsters to law enforcement
The Central Bank of Nigeria (CBN) has issued a strong warning to the public about fraudulent individuals and organizations using…
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Tinubu seeks approval for ₦1.77 trillion loan to fund Nigeria’s 2024 budget
On Tuesday, November 19, 2024, President Bola Tinubu sent a formal request to the National Assembly, asking for approval to…
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Oluremi Tinubu urges market women to maintain stable food prices ahead of festive season
A South African court has ordered police to remove a blockade at an abandoned gold mine in Stilfontein, where hundreds,…
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Nigeria’s inflation rate climbs to 33.88% in october, NBS report reveals
Nigeria’s inflation rate rose to 33.88% in October 2024, up from 32.7% in September, marking a 1.18 percentage point increase…
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Governor Soludo urges investors to capitalize on Anambra’s economic potential
Governor Chukwuma Soludo has urged investors to prioritize Anambra State for their business ventures, citing improved security and vast opportunities…
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Naira bounces back, appreciates by 2.6% against dollar at official market
The Naira on Wednesday bounced back after consistent three days losses and appreciated at the official market trading at N1,645.40…
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NNPCL records 1.8m bpd crude oil production
The Nigerian National Petroleum Company Ltd., NNPC Ltd., says it has achieved 1.8 million barrels per day crude production following…
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CBN board did not recommend Naira redesign to ex-President Buhari – witness tells court
A former deputy governor of the Central Bank of Nigeria, CBN, Kingsley Obiorah, on Thursday said the board of the…
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Tinubu approves establishment of New disaster relief fund – Shettima
Vice-President Kashim Shettima on Thursday announced that President Bola Tinubu has approved the establishment of a new Disaster Relief Fund…
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Nigerian Customs projects 10% increase in 2025 revenue
The Nigeria Customs Service, NCS, says it is projecting a ten per cent increase in its 2025 revenue, its Comptroller-General,…
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BREAKING: FG approves a massive N47.8 trillion budget for 2025
On Thursday, November 14, the Federal Executive Council (FEC) gave the green light to Nigeria’s national budget for 2025, setting…
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IPMAN announces big fuel price cut with Dangote Petrol
Good news for Nigerians! The Independent Petroleum Marketers Association of Nigeria (IPMAN) has announced that fuel prices will drop by…
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FG urges Nigerians to support locally-made goods to strengthen the economy
On Tuesday, November 12, 2024, Chief Uche Nnaji, the Minister of Innovation, Science, and Technology, called on Nigerians to prioritize…
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Petrol landing cost drops, but pump price still rises sharply
On Thursday, November 8, the Major Energy Marketers Association of Nigeria (MEMAN) announced that the landing cost of petrol (also…
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Electricity consumers frustrated as DisCos hike prices of prepaid meters
On Monday, November 11, 2024, electricity consumers in the Federal Capital Territory (FCT) voiced their frustration after Electricity Distribution Companies…
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WTO DG: Okonjo-Iweala confirmed as sole candidate for second term as deadline for nominations ends
The Director-General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala has emerged the sole candidate for a second term…
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Embracing Nigeria-made goods, services panacea to poverty alleviation – Ooni of Ife
The Ooni of Ife has stressed the need to embrace locally made goods to reduce economic dependency and boost national…
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Presidency partners Tuface on MSMEs, job creation
Job Creation and Micro, Small and Medium Enterprises, MSMEs, Secretariat (Office of the Vice-President) has entered into a partnership with…
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Osinbajo urges Tinubu to focus on Nigerians’ welfare amid economic challenges
Former Vice President Yemi Osinbajo has called on President Bola Tinubu to make the welfare of Nigerians a priority, especially…
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Tinubu’s tax reform bill not against the North —Shehu Sani
A former Senator who represented Kaduna Central, Shehu Sani, has countered the Northern Governors Forum over alleged injustice in the…
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Dangote’s plan to dominate Nigeria’s oil industry could trigger economic chaos, warn marketers
Three major oil marketers in Nigeria have warned that a plan by Dangote Petroleum Refinery to dominate the country's oil…
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FG rolls out plan to provide financial protection for uninsured Nigerians
In a major step toward financial inclusion, the Nigerian government has launched an initiative aimed at providing financial protection to…
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PETROAN replies Dangote refinery, insists It can sell petrol at a cheaper price
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) on Monday maintained that its members can sell petrol cheaper…
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Dangote refinery sells petrol at N960/Litre to ships, N990 for trucks — Spokesman
Dangote Refinery has disclosed the price of its petrol, saying that it sells at N990 per litre in trucks and…
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Nigeria posed to host Africa energy bank headquarters, reaffirms government
The Nigerian government has confirmed its readiness to host the headquarters of the Africa Energy Bank (AEB), a significant step…
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