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,...

The House of Representatives has adopted the Tax Reform Bills as a working document, confirming that Nigeria’s Value Added Tax (VAT) will remain at 7.5% for now. Chairman of the Finance Committee, James...

In a major move to streamline government revenue collection and enhance fiscal oversight, the Federal Government on Tuesday unveiled the Treasury Management and Revenue Assurance System (TMRAS). The platform...

The Federal Competition and Consumer Protection Commission (FCCPC) has directed MultiChoice Nigeria, the operator of DStv and GOtv, to maintain its current subscription prices pending the conclusion of...