Fourteen Nigerian banks have fully met the Central Bank of Nigeria’s (CBN) new capital requirements under the ongoing recapitalisation exercise, Governor Yemi Cardoso announced on Tuesday in Abuja. Speaking...

The Central Bank of Nigeria’s Monetary Policy Committee (MPC) has cut the benchmark interest rate by 50 basis points, reducing it from 27.5 percent in July to 27 percent. The decision was reached at...

Nigeria’s economy grew by 4.23% year-on-year in real terms in the second quarter of 2025, according to new data released by the National Bureau of Statistics (NBS). The figure represents the country’s...

The Federal Government has disbursed ₦330 billion in cash transfers to poor and vulnerable Nigerians under the National Social Safety-Net Coordinating Office (NASSCO), Minister of Finance and Coordinating...

The Federal Government has suspended the recently introduced four percent Free on Board (FOB) levy on imports, following weeks of backlash. The suspension, ordered by Minister of Finance Wale Edun,...

Access Holdings Plc has appointed Mr. Innocent Ike as its substantive Group Managing Director/Chief Executive Officer, effective August 29, 2025, following regulatory approval. The announcement was contained...

The African Development Bank (AfDB) and its development partners have mobilised $2.2 billion (approximately ₦3.4 trillion) to implement the second phase of Special Agro-Industrial Processing Zones (SAPZs)...

French media giant Canal+ has officially acquired full ownership of South African broadcasting powerhouse MultiChoice Group in a landmark deal valued at $3 billion (approximately R55 billion), gaining...

Access Bank Tanzania has honoured the President of the United Republic of Tanzania, Her Excellency Samia Suluhu Hassan, with the prestigious Power of 100 Africa Women Award for her transformational leadership...

The Central Bank of Nigeria (CBN) has voted to retain the Monetary Policy Rate (MPR) at 27.5% following the conclusion of its 301st Monetary Policy Committee (MPC) meeting held on Tuesday, July 22, 2025. Speaking...

The Nigerian National Petroleum Company Limited (NNPCL) has announced a profit after tax (PAT) of N905 billion for the month of June 2025, according to its Monthly Report Summary released Monday night...

The Federal Government has secured a $747 million loan to finance Phase 1, Section 1 of the Lagos-Calabar Coastal Highway project, running from Victoria Island to Eleko Village in Lagos. According to a...

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...