In a major move that could bring relief to consumers across Nigeria, Dangote Petroleum Refinery has reduced the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, from ₦880 to ₦840...

President Bola Tinubu has signed four tax reform bills into law, marking what he described as a significant step toward a “bold new era of economic governance” in Nigeria. The signing ceremony took...

In response to a sharp decline in subscriptions, MultiChoice Nigeria has announced a 50 percent reduction in the price of its DStv decoder, slashing the cost from ₦20,000 to ₦10,000. The move is part...

In a landmark event for Nigeria’s maritime industry, the Onne Multipurpose Terminal (OMT) on Friday received the Kota Oasis, a Singaporean-flagged, LNG-powered container ship—the first of its kind...

The Nigerian Ports Authority (NPA) has announced a projected revenue target of ₦1.28 trillion for the 2025 fiscal year, marking a 40 percent increase from the ₦894.8 billion it realized in 2024. This...

Retail outlets operated by the Nigerian National Petroleum Company (NNPC) Limited have increased the pump price of Premium Motor Spirit (PMS), commonly known as petrol, to ₦945 per litre in the Federal...

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, and the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, met on Monday at the CBN headquarters in Abuja to strengthen...

In a landmark move poised to reshape Nigeria’s downstream petroleum sector, Dangote Petroleum Refinery has announced a nationwide free distribution of petrol and diesel to marketers, dealers, and high-volume...

The Federal Competition and Consumer Protection Commission (FCCPC) has summoned the management of Air Peace Limited following a flood of complaints from passengers alleging non-refunded ticket fares —...

Former Mauritanian Economy Minister Sidi Ould Tah has been elected the new President of the African Development Bank (AfDB), succeeding Nigeria’s Dr. Akinwumi Adesina, whose decade-long tenure helped...

President Bola Ahmed Tinubu has formally requested the approval of the House of Representatives for a new external borrowing plan amounting to over $21.5 billion and the issuance of domestic bonds worth...

The Dangote Petroleum Refinery has announced a nationwide reduction in the pump price of Premium Motor Spirit (PMS), commonly known as petrol, with new rates now ranging from ₦875 to ₦905 per litre,...

The Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR) at 27.5 percent, marking the second consecutive time in 2025 that the rate has been held steady. The decision was announced...

In a major move to deepen financial inclusion and tap into the economic potential of Nigerians living abroad, the Central Bank of Nigeria (CBN), in collaboration with the Nigeria Inter-Bank Settlement...

Air Peace, one of Nigeria’s leading airlines, has announced the immediate suspension of all flight operations across the country due to the ongoing industrial action by the Nigerian Meteorological Agency...

The Dangote Refinery has announced a fresh reduction in the ex-depot price of Premium Motor Spirit (PMS), cutting the rate to ₦835 per litre, down from the previous ₦865. The $20 billion facility issued...

The Nigerian National Petroleum Company Limited (NNPC Ltd) is now in the final stages of preparing for its highly anticipated initial public offering (IPO), moving closer to fulfilling the provisions of...

Dangote Petroleum Refinery has temporarily suspended the sale of petroleum products in Naira, citing the need to align its sales with its crude oil procurement, which is denominated in U.S. dollars. In...

A Federal High Court in Lagos has ordered the arraignment of former First Bank of Nigeria Plc Chairman, Oba Otudeko, and its former Managing Director, Bisi Onasanya, over an alleged ₦12.3 billion fraud. Delivering...

Renaissance Africa Energy Holdings has officially completed its landmark acquisition of Shell Petroleum Development Company of Nigeria (SPDC), taking over the entire 100% equity stake from Shell. The deal,...