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...

The Nigerian Exchange Limited has officially extended its daily trading hours, with the market now operating from 9:00 a.m. to 4:00 p.m. The new schedule, which took effect on Monday, April 27, 2026, replaces...

Africa’s richest industrialist and owner of the world’s largest oil refinery, Aliko Dangote is weighing a multi-exchange listing of his $20 billion oil refinery. Capital market experts believe...

The Organization of the Petroleum Exporting Countries (OPEC) says Nigeria’s crude oil production rose to 1.38 million barrels per day (bpd) in March 2026, up 5.25 per cent from 1.31 million bpd in February. Despite...

A Federal High Court in Lagos has ruled that the Central Bank of Nigeria (CBN) exceeded its powers in dissolving the board and management of Union Bank of Nigeria in January 2024. Delivering judgment,...

The Central Bank of Nigeria (CBN) has directed all International Money Transfer Operators (IMTOs) to open and maintain naira settlement accounts with authorised dealer banks as part of efforts to improve...

President Bola Ahmed Tinubu has sworn in Taiwo Oyedele as Minister of State for Finance, praising his expertise and dedication to public service. The brief ceremony took place at the Presidential Villa...

Nigeria’s headline inflation rate moderated marginally to 15.06 percent in February 2026, down from 15.10 percent recorded in January, according to the National Bureau of Statistics. Despite the slight...

The Central Bank of Nigeria (CBN) has directed banks to restrict access to certain banking services for large-ticket borrowers with non-performing loans in a move to strengthen credit discipline and protect...