Business
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NNPC increases petrol price in Abuja by 15%
The Nigerian National Petroleum Company Limited (NNPC) has announced a significant increase in the pump price of petrol in Abuja,…
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CBN reaffirms authority and sets record straight, responds to misinformation about GTCO
In a robust defense of Guaranty Trust Holding Company (GTCO), the Central Bank of Nigeria (CBN) has publicly refuted false…
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CBN improves oversight of Nigerian banks operating abroad
On Tuesday, October 8, 2024, the Central Bank of Nigeria (CBN) announced that it has signed Memoranda of Understanding (MoUs)…
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Fear of confidentiality risks hinders investors from getting regular updates from startups
A new report from PR firm Wimbart shows that while investors are asking for more regular updates from their startup…
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Nigeria exempts 63 items from value-added tax to boost oil and gas industry
In a bid to revitalize the oil and gas sector, the Federal Government has announced the exemption of 63 essential…
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Youth ministry and NAICOM partner to bring one million youths into insurance sector
The Ministry of Youth Development and the Nigerian Insurance Commission (NAICOM) have signed a Memorandum of Understanding (MoU) to attract…
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Nigeria faces looming gas supply crisis, requires $20 billion yearly investment
Nigeria's energy sector is at a critical crossroads, with experts warning of a looming gas supply crisis unless urgent investments…
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Former CBN Governor Emefiele accused of bypassing procedures in naira redesign
Folashodun Shonubi, former Acting Governor of the Central Bank of Nigeria (CBN), testified yesterday that Godwin Emefiele, ex-CBN Governor, bypassed…
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Emefiele: EFCC witness says currency redesign helped the economy
On Wednesday, October 2, a witness for the Economic and Financial Crimes Commission (EFCC) named Folashodun Shonubi, who used to…
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Wike helped me become Petroleum minister – Lokpobiri
The Minister of State for Petroleum Resources, Heineken Lokpobiri, shared how Nyesom Wike, the Minister of Federal Capital Territory, played…
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NIWA files lawsuit against Shell over N4 billion debt
On Thursday, September 26, the National Inland Waterways Authority (NIWA) announced that it has taken Shell Development Company to court…
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Nkpa Bridge: Reps call on contractors as Deputy Speaker Benjamin Kalu urges calm
On Thursday, September 26, the Office of the Deputy Speaker of the House of Representatives reached out to the Ecological…
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FG proposes NIN, tax payment for foreigners
The Federal Executive Council on Wednesday proposed that an amendment to the National Identity Management Commission Act No. 23, 2007…
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Catholic Church urges Tinubu to address fuel price issue
The Catholic Church of Ibadan Archdiocese has called on President Bola Tinubu to speak out about the fuel price disagreement…
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Tinubu will not get involved in Dangote and NNPCL fuel price disagreement – Presidency
On Wednesday, September 25, the Presidency announced that President Bola Tinubu will not step in to help resolve the ongoing…
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CBN raises interest rate to 27.25 per cent
The Monetary Policy Committee of the Central Bank of Nigeria o tuesday voted to increase the monetary policy rate, which…
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Unmetered Electricity Customers Rise To 7.3 million – NERC Report
Latest figures, released by the Nigerian Electricity Regulatory Commission (NERC) showed that out of over 13.16 million registered customers, the…
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Subsidy, a sensitive topic but not sustainable
President of the Dangote Group, Alhaji Aliko Dangote, has called on the Federal Government to end fuel subsidies. He said…
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Telcom, FMCG, others recorded 2.02tn FX Losses in H1 2024*
As the Naira continued to plummet at the foreign exchange market over Central Bank of Nigeria (CBN) reforms, MTN Communication…
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I won’t run for president again in 2028 – Trump
Donald Trump said in an interview released on Sunday that he did not think he would run for president again…
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NNPC resumes talks on $29.8bn LNG projects after long delay
The Nigerian National Petroleum Company Limited (NNPC) has restarted discussions with investors to revive two major Liquefied Natural Gas (LNG)…
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GTBank wins Corporate Social Responsibility award for helping the community
Guaranty Trust Bank Ltd (GTBank), part of Guaranty Trust Holding Company Plc (GTCO), has been named the Best Bank for…
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Nigeria streamlines regulatory environment to boost economic growth
Vice President Kashim Shettima has urged regulatory agencies to eliminate overlaps and align with President Bola Tinubu's agenda for economic…
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Tinubu pledges robust financial system as Coca-Cola increases its investment with $1bn in Nigeria
President Bola Tinubu has reiterated his administration’s commitment to creating a robust financial system and a business-friendly economy that will…
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e-Transaction: CBN reduces cybersecurity levy to 0.005%
The Central Bank of Nigeria has reduced the cybersecurity levy on electronic transactions from 0.5 percent to 0.005 percent in…
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CBN constitutes new board, appoints additional EDs for Keystone Bank
As part of the Central bank’s strategy to ensure sustained growth for the financial institution, the apex bank has reconstituted…
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Obasanjo calls for stronger economic unity among African nations
Former President Olusegun Obasanjo has urged African countries to strengthen their economic connections and pool resources to build a more…
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CBN warns that removing fuel subsidy might impact reserve growth
The Central Bank of Nigeria (CBN) has cautioned that removing the fuel subsidy, along with lower import bills and higher…
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NNPC announces new petrol prices: Lagos N950, Abuja N992, Borno N1,019
NNPC Limited (NNPCL) announced new petrol prices following its latest purchase from Dangote Refinery. The updated prices show an increase…
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Dangote Refinery denies selling Petrol to NNPCL at N898 per litre
The Dangote Refinery has denied selling petrol to the Nigerian National Petroleum Company Limited (NNPCL) at N898 per litre.
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NNPCL bought 16.8m Petrol From Dangote Refinery At N898 Per Litre — Spokesman
The Nigerian National Petroleum Company Limited (NNPCL) has said that it bought petrol from the Dangote Refinery at N898 per…
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Dangote refinery set to revolutionize Nigeria’s fuel market
In a groundbreaking development, the Dangote Refinery is poised to transform Nigeria's fuel landscape with its imminent commencement of petrol…
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NERC fines AEDC N1.3bn for overbilling consumers
The Nigerian Electricity Regulatory Commission (NERC) has imposed a fine of N1.3 billion on Abuja Electricity Distribution Company (AEDC) for…
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Naira surged by 4.8% after domestic dollar bond sale
The value of the naira recorded its highest gain by 4.8 per cent against the US dollar in nearly two…
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Dangote Refinery warns it may need to export 97% of its petrol
Dangote Refinery has announced that it might have to export 95-97 percent of its Premium Motor Spirit (petrol) due to…
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Innoson unveils first made-in-Nigeria electric vehicle
Innoson Vehicle Manufacturing Company (IVM), a vehicle manufacturer from Nigeria, has just introduced its first electric vehicle made in Nigeria.…
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Flutterwave launches Send App in Malawi, enhancing cross-border money transfers
Flutterwave has commercially launched its remittance product, Send App, in Malawi, enabling customers to facilitate cross-border money transfers into the…
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Nigeria, World Bank partner to unlock $300bn in undocumented land
The Ministry of Housing and Urban Development and the World Bank Group have agreed to collaborate on registering and titling…
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Nigeria raises over $900m in Domestic FGN US Dollar Bond
Nigeria’s efforts to deepen its capital market and diversify funding sources took a significant leap with the successful issuance of…
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Kuda Launches Virtual and Physical PoS Solutions to Support African SMEs
Kuda, also known as Kuda Technologies, a fintech company operating in Nigeria and the UK has introduced virtual and physical…
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