Oil prices on Thursday, July 23, hit $100 a barrel following reported attacks on vessels in the Red Sea. Brent crude, the global oil benchmark, rose by 6.9 percent to $100.6 a... Read more »
The Central Bank of Nigeria (CBN) has assured Nigerians that the scarcity of lower-denomination naira notes does not mean they have been withdrawn from circulation, attributing the development to the growing use... Read more »
A Federal High Court in Lagos has ruled that while the FCCPC’s DEON lending regulations are valid, the Commission has no authority to issue licences to companies operating in the telecommunications space.... Read more »
The Central Bank of Nigeria (CBN) has warned members of the public, businesses and financial institutions against rejecting the standard ₦100 banknote, reaffirming that it remains legal tender and must be accepted... Read more »
The Group Chief Executive Officer of NNPC Limited, Engr. Bayo Ojulari, has disclosed that the company remitted N19.5 trillion to the Federation Account between April 2025 and June 2026. Speaking at the... Read more »
The Naira yesterday depreciated to N1,400 per dollar in the parallel market from N1,395 per dollar last weekend. Likewise, the naira depreciated to N1,371 per dollar in the Nigerian Foreign Exchange Market,... Read more »
Dangote Petroleum Refinery exported about 466,000 metric tonnes of jet fuel to Europe in June, valued at an estimated N757bn, overtaking shipments from the United States and others. This is as Nigerian... Read more »
The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 microfinance banks across the country with effect from July 1, 2026. Here are the list of Revoked Microfinance Banks: Read more »
Nigeria has emerged as Africa’s best-performing economy in the International Institute for Management Development (IMD) World Competitiveness Ranking 2026, outperforming South Africa, Ghana, Kenya, Namibia and Botswana on the report’s economic performance... Read more »
Dangote Petroleum Refinery has reduced the gantry price of Premium Motor Spirit (PMS), also known as petrol, by N75 per litre. In a circular sent to fuel marketers on Monday, the refinery... Read more »
Nigeria’s non-oil exports rose to $9.32 billion in 2025, marking a 24.93 per cent increase from $7.46 billion recorded in 2024, according to data from the Central Bank of Nigeria. The growth... Read more »
Dangote Petroleum Refinery has reduced the gantry price of Automotive Gas Oil, popularly known as diesel, by ₦200 per litre. The latest adjustment brings the depot price down from ₦1,800 to ₦1,600... Read more »
Customers of the big four telecom operators in the country spent about N9 trillion on airtime for their voice calls and data in 2025, pushing up telecom operators’ revenue in the last... Read more »
The Dangote Refinery has increased its ex-depot price of Premium Motor Spirit (PMS), popularly known as petrol, by ₦75 per litre, moving it from ₦1,200 to ₦1,275. According to market updates, the... Read more »
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, on Thursday, April 23, 2026, received the Chief Executive Officer of the Nigeria Financial Intelligence Unit (NFIU), Hafsat Abubakar Bakari,... Read more »
The Nigerian National Petroleum Company Limited (NNPC Ltd) has remitted a total of ₦1.804 trillion to the Federation Account for February 2026, marking a significant increase from the ₦726 billion recorded in... Read more »
Nigeria has been reclassified as a Frontier Market by FTSE Russell, marking a major turnaround for the country’s capital market and strengthening its appeal to global investors. The upgrade from “Unclassified” status... Read more »
Global oil markets reacted sharply after the ceasefire agreement between the United States and Iran, with prices plunging as much as 16–17% in immediate trading. Brent crude dropped from above $110 to... Read more »
The Federal Government has approved an increase in the domestic price of natural gas, a move that could trigger higher electricity tariffs and rising cost of living nationwide. The Nigerian Midstream and... Read more »
Nigeria exported an average of 45.8 per cent of its utilised gas in January and February 2026, even as domestic gas supply to tens of its thermal power plants weakened sharply, worsening... Read more »