Sterling Financial Holdings Company Plc has confirmed that its core banking subsidiaries — Sterling Bank and The Alternative Bank — are fully recapitalised in line with revised requirements set by...

Nigeria’s headline inflation rate declined slightly to 15.10 percent in January 2026, down from 15.15 percent in December 2025, according to the National Bureau of Statistics. In its latest report,...

Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has said land, buildings and rent are now fully exempted from Value Added Tax (VAT) under the Nigeria Tax Act 2025. He...

The Nigerian National Petroleum Company Limited (NNPC Ltd) has reported N60.517 trillion in revenue and N5.760 trillion profit after tax in 2025, with N14.706 trillion remitted to the Federation Account. The...

Dangote Petroleum Refinery has reached its full designed capacity of 650,000 barrels of crude oil per day (bpd), marking a major milestone in Nigeria’s refining sector and positioning the facility...

Sterling Financial Holdings Company Plc (Sterling HoldCo) has recorded strong financial growth in its interim, unaudited full-year 2025 results, with the Group’s total assets approaching ₦4 trillion...

Aliko Dangote, President of the Dangote Group, has announced a reduction in petrol pump prices to ₦739 per litrenationwide, effective Tuesday, starting with MRS filling stations in Lagos. Speaking on...

The Central Bank of Nigeria (CBN) has unveiled a new set of cash-withdrawal limits, formally ending the special approval system that previously allowed individuals to withdraw up to ₦5 million and corporate...

Nigeria’s foreign reserves have surged to over $46 billion, marking the highest level since 2018, according to the Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso. Cardoso, represented by...

Nigeria’s crude oil production inched up to 1.401 million barrels per day (bpd) in October, from 1.39 million bpd in September, according to the OPEC Monthly Oil Market Report (MOMR) released on Wednesday. Despite...

President Bola Ahmed Tinubu has asked the National Assembly to approve a fresh ₦1.15 trillion loan from the domestic debt market to finance the deficit in the 2025 national budget. The request was contained...

The Federal Government has appointed Dr. John Nwabueze as Nigeria’s new Tax Ombudsman under the Joint Revenue Board of Nigeria Act, 2025. The appointment, announced on Monday, is part of President Bola...

President Bola Ahmed Tinubu has approved a 15 percent ad-valorem import duty on petrol and automotive diesel, a move aimed at strengthening Nigeria’s local refining capacity and stabilising the downstream...

Nigeria’s Dangote Group has announced plans to expand the capacity of its refining hub from 650,000 barrels per day (bpd) to 1.4 million bpd, in what would make it the largest single-train refinery in...

A global financial crime watchdog, the Financial Action Task Force (FATF), has removed four African countries — South Africa, Nigeria, Mozambique and Burkina Faso — from its “grey list” of nations...

The Federal Government has approved implementation frameworks for a ₦4 trillion government-backed bond aimed at clearing verified arrears owed to power generation companies (GenCos) and gas suppliers,...

The International Monetary Fund (IMF) has upgraded Nigeria’s economic growth outlook, projecting a 3.9 percent expansion in 2025 and 4.2 percent in 2026. The revised forecast was announced on Tuesday...

The Presidency has dismissed the World Bank’s latest report estimating that 139 million Nigerians live in poverty, describing the figure as “unrealistic” and disconnected from current economic realities. President...

The Federal Government has announced that Dangote Group will redeploy workers who were recently disengaged from its refinery operations, following mediation between the company, the PENGASSAN union, and...

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has issued a stern ultimatum to the management of Dangote Refinery, demanding the recall of more than 800 Nigerian workers...