The Federal Government has announced a 30-day discount on petrol sold at NNPC stations, with public transport operators to receive priority. Minister of Finance and Coordinating Minister of the Economy,...

Swift Telephone Network Limited (STN) has been awarded a Unified Access Service Licence (UASL) by the Nigerian Communications Commission (NCC), marking its formal transition into an independent Nigerian...

The Nigerian National Petroleum Company Limited (NNPC Ltd) has reported a 33 per cent increase in profit after tax to N7.2 trillion for the 2025 financial year, up from N5.4 trillion recorded in 2024. The...

The Central Bank of Nigeria (CBN) has cut the Monetary Policy Rate (MPR) by 350 basis points to 23% from 26.5%, following the 307th meeting of its Monetary Policy Committee (MPC) in Abuja. The decision,...

Billionaire Aliko Dangote on Monday launched the initial public offering (IPO) of his oil refinery, opening ownership of Africa’s largest refinery to retail investors while raising funds for its expansion. The...

The Central Bank of Nigeria (CBN) has intensified its supervision of banks and other financial institutions to prevent the country’s financial system from being used to finance terrorism and other illicit...

Zenith Bank Chairman Jim Ovia, Heirs Holdings Chairman Tony Elumelu and other leading financial experts attended the signing ceremony for the Dangote Refinery’s historic initial public offering (IPO)...

Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has said Nigeria remains on track to become a $1 trillion economy by 2030, citing stronger economic growth. Oyedele said the...

President Bola Ahmed Tinubu has urged Nigeria LNG Limited (NLNG) to maximise the country’s gas resources, reduce gas flaring and ensure greater benefits for Nigerians through increased domestic utilisation. Tinubu...

Dangote Petroleum Refinery has increased its gantry price of Premium Motor Spirit (petrol) from N1,185 to N1,200 per litre, effective August 26, 2026. The refinery announced the N15 increase in a notice...

Nigeria’s headline inflation rate fell to 15.43% in July 2026, down from 15.91% in June, according to the Consumer Price Index released by the National Bureau of Statistics (NBS). The July figure was...

The Nigeria Customs Service (NCS) generated N4.03tn in revenue in the first half of 2026, putting it ahead of its mid-year projections and on track to meet its N11.074tn annual target, Comptroller-General...

Domestic crude oil and condensate supplies to Nigerian refineries reached 53.7 million barrels in the second quarter of 2026, representing 97.4 per cent of the volume allocated under the Domestic Crude...

Nigeria’s crude oil production rose to an average of 1.56 million barrels per day (bpd) in June 2026, its highest monthly crude output since April 2020, according to the Nigerian Upstream Petroleum...

United Bank for Africa (UBA) Plc has announced that its Group Chairman, Tony Elumelu, will retire from the Board on August 21, 2026, after completing the 12-year tenure limit for non-executive directors...

The Securities and Exchange Commission (SEC) has admitted seven new digital asset companies into its Accelerated Regulatory Incubation Programme (ARIP), expanding regulatory oversight of Nigeria’s...

The Central Bank of Nigeria (CBN) has directed banks, payment service banks and other financial institutions to immediately identify and freeze all accounts, funds and assets linked to six individuals...

The Central Bank of Nigeria (CBN) has approved the redeployment of its four deputy governors, with the changes taking effect from June 1 as part of efforts to strengthen institutional efficiency and financial...

The Federal Ministry of Industry, Trade and Investment (FMITI) has announced a new partnership with RwandAir to expand Nigeria’s air cargo export corridor to East and Southern Africa, aiming to reduce...

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR) at 26.5 percent following the conclusion of its 305th meeting in Abuja. CBN Governor...