The Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR) from 27.25% to 27.50% as part of its efforts to curb rising inflation. The decision followed the Monetary Policy Committee (MPC)...

The Port Harcourt Refining Company (PHRC) Ltd in Rivers State has officially commenced crude oil processing, marking a significant step toward enhancing Nigeria’s energy self-sufficiency. Femi...

Nigeria’s economy recorded a 3.46% year-on-year growth in Gross Domestic Product (GDP) in real terms during the third quarter of 2024, according to the National Bureau of Statistics (NBS). This represents...

President Bola Ahmed Tinubu has officially requested the approval of a new external borrowing of $2.209 billion (₦1.767 trillion) from the Senate and the House of Representatives. The request, made in...

Nigeria’s inflation rate surged to 33.88% in October 2024, up from 32.7% in September, as the nation continues to face escalating costs of goods and services. The National Bureau of Statistics (NBS)...

The Nigerian National Petroleum Company (NNPC) Limited has announced a significant Gas Sale and Purchase Agreement (GSPA) between its subsidiary, NNPC Gas Marketing Limited (NGML), and Dangote Petroleum...

The Nigerian National Petroleum Company Limited (NNPC) has ceased importing refined petroleum products, opting instead to source fuel from the Dangote Refinery and other local refineries, announced NNPC...

Access Holdings Plc, one of Africa’s leading financial services groups, has released its unaudited financial results for the third quarter ending September 30, 2024, showcasing significant growth across...

Dangote Refinery announced on Sunday that it sells petrol at ₦960 per litre for ship sales and ₦990 per litre for truck sales, responding to claims from independent marketers that its prices are higher...

The Federal Government announced Thursday that it has disbursed the ₦25,000 conditional cash transfer to 25 million Nigerians as part of efforts to ease economic hardships. Wale Edun, Minister of Finance...

The Federal Government has introduced a nine-month grace period for Nigerians holding dollar cash outside the banking system to deposit their funds without penalties, taxes, or inquiries. Announced on...

The Nigerian Extractive Industries Transparency Initiative (NEITI) has reported that the Federal Government received ₦1.37 trillion from the solid minerals sector in 2023. NEITI Executive Secretary Orji...

The International Monetary Fund (IMF) has revised downward its growth projection for Nigeria’s economy in 2024 to 2.9%, citing sluggish economic performance in the year’s first half. The new...

The federal government has approved the long-delayed sale of ExxonMobil’s onshore assets to Seplat Energy for $1.28 billion, over two years after the deal was initially agreed. The CEO of the Nigerian...

Nigeria’s headline inflation reached 32.70% in September 2024, up from 32.15% in the previous month, marking a 0.55% increase month-on-month, according to the National Bureau of Statistics (NBS)....

The Governor of Sokoto State, Ahmed Aliyu, has established a special committee to sell essential food items to citizens at a 55 percent discounted rate. The initiative, which aims to alleviate the effects...

The influence of Environment, Social, and Governance (ESG) standards, along with regulatory frameworks in African countries, is shaping the landscape for oil and gas investments across the continent, according...

The Federal Government has approved petroleum marketers to lift premium motor spirit (PMS), commonly known as fuel, directly from the Dangote Refinery, bypassing the Nigerian National Petroleum Company...

The Nigerian National Petroleum Company Limited (NNPCL) has raised the pump price of Premium Motor Spirit (PMS), also known as petrol, to N1,030 per litre. This development was observed on Wednesday...

In a landmark move, the Federal Government and Dangote Refinery have reached an agreement to pay for crude oil supplied to the refinery in local currency. This deal enables Africa’s largest oil refinery...