Fuel prices across Nigeria have begun to fall, barely five days after the Dangote Refinery announced a reduction in its petrol gantry price, triggering adjustments at several retail outlets nationwide.…
The House of Representatives Committee on Petroleum Resources (Downstream) has intervened in the escalating dispute between President of the Dangote Group, Aliko Dangote, and the Chief Executive Officer of the…
Commercial banks will be required to file quarterly reports on accounts with turnovers of ₦25 million and above to the Federal Inland Revenue Service (FIRS) and other relevant authorities under…
Professor Emeritus of Petroleum Economics and energy analyst, Wumi Iledare, has warned Nigerians against celebrating the recent reduction in petrol prices by the Dangote Refinery, arguing that the move carries…
The Central Bank of Nigeria (CBN) has ordered banks and other financial service providers to adopt mandatory dual connectivity for all Point of Sale (PoS) transactions within 30 days, in…
The Dangote Refinery has implemented a significant reduction in its ex-depot petrol price as it moves to strengthen its competitive position against the Nigerian National Petroleum Company Limited (NNPCL) and…
The Economic Community of West African States (ECOWAS) has appointed Nigerian industrialist, Alhaji Aliko Dangote, as the first Chairman of the ECOWAS Business Council (EBC), a newly created platform designed…
The European Union has issued a €120 million fine against Elon Musk’s social media platform X for violating the bloc’s Digital Services Act (DSA), marking the first major enforcement action…
Microsoft is under scrutiny in the European Union after a formal complaint alleged that the company stored data on Palestinians, which was reportedly used by the Israeli military for surveillance.…
The Nigerian National Petroleum Company Limited (NNPCL) has announced another reduction in the pump price of premium motor spirit, marking the second downward adjustment in less than a week. A…
Meta has started taking down accounts belonging to Australian users under the age of 16 from Instagram, Facebook, and Threads ahead of the country’s new social media age-restriction law. The…
Nigeria’s economy expanded by 3.98% in the third quarter of 2025, the National Bureau of Statistics (NBS) has reported, showing a modest improvement from the 3.86% growth recorded in the…
Ojikutu Quadri Oluwafemi — known as OJICUTE — is a young Nigerian entrepreneur, tech developer, real-estate associate and afrofusion artist. Born on August 2, 2001 in Epe, Lagos State, he…
First City Monument Bank (FCMB) has been named Nigeria’s Best SME-Focused Bank for 2025 by the Chartered Institute of Bankers of Nigeria (CIBN), in recognition of its pivotal role in…
The Central Bank of Nigeria (CBN) has directed banks, payment service banks, and other financial institutions to immediately remove advertisements that breach consumer protection regulations. The move follows a review…
The recent drop in petrol prices across Nigeria has brought temporary relief to motorists, sparking optimism among consumers in major cities such as Abuja and Lagos. Retail petrol prices have…
Dangote Sugar Plc has named Thabo Mabe, a South African executive, as its new Group Managing Director and Chief Executive Officer, effective December 1, 2025. The announcement comes after the…
The Dangote Group has reiterated that its plans to expand the Dangote Refinery will continue uninterrupted, despite the Federal Government’s decision to postpone the 15 per cent import duty on…
Nigeria’s plan to phase out alcoholic drinks sold in sachets and small bottles has reignited debate across the country, drawing both support and opposition from various stakeholders. The measure, first…
Additional Instagram posts linked to Paystack co-founder Ezra Olubi have surfaced online, intensifying scrutiny following his suspension from the fintech company. The posts, shared from an account believed to be…
Fuel prices in Nigeria’s Federal Capital Territory have been adjusted downward following the federal government’s decision to suspend the planned 15 per cent import duty on petrol and diesel. On…
Paystack has suspended its Co-Founder and Chief Technology Officer, Ezra Olubi, following the resurgence of allegations linked to several old social media posts that resurfaced online earlier this week. The…
The Naira recorded its first appreciation this week against the United States dollar at Nigeria’s official foreign exchange market on Thursday, signaling a slight recovery after days of depreciation. Data…
The Federal Government of Nigeria has announced the suspension of the 15 percent import duty on petrol (PMS) and diesel, following growing public and industry concerns that the policy could…
The Dangote Group has moved to calm growing public concerns over fuel costs, assuring Nigerians that the recently approved 15 percent import tariff on petrol and diesel will not lead…
Nigerians are bracing for another surge in fuel prices after President Bola Tinubu approved a 15 per cent import duty on premium motor spirit (PMS), commonly known as petrol, and…
In a landmark move set to transform international payments across Africa, Flutterwave, the continent’s largest payments platform, has teamed up with Polygon Labs to make Polygon PoS the backbone of…
Nigerian billionaire entrepreneur and nightlife mogul Obi Iyiegbu, popularly known as Obi Cubana, has revealed plans to retire from active business when he turns 60. The 50-year-old businessman said he…
Nigerians may soon breathe a sigh of relief as the long-awaited resumption of petrol loading at the Dangote Refinery signals a potential drop in pump prices across the country. For…
A renewed call to embrace homegrown innovation echoed across the Manufacturers Association of Nigeria (MAN) Annual General Meeting in Lagos as government and industry leaders united to push for the…
The European Union’s competition regulator has sanctioned three of the world’s most prestigious fashion houses — Gucci, Chloé, and Loewe — for engaging in unlawful pricing coordination with their retail…
The Central Bank of Nigeria (CBN) has reassured Nigerians that its ongoing economic reforms are beginning to yield tangible results, bringing the country closer to achieving lasting price and monetary…
Nigeria’s energy sector is bracing for major disruption as the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) announced a nationwide strike in protest against Dangote Refinery. The…
Nigeria’s downstream petroleum sector is undergoing a dramatic shake-up as the Dangote Petroleum Refinery introduces a free fuel delivery scheme that is already changing supply dynamics across the country. The…
The National Industrial Court in Abuja has issued an interim injunction preventing the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) and its affiliates from embarking on strike action…
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has called on its members to urgently register with the Dangote Refinery as the facility gears up to roll out nationwide fuel…
Nigeria’s stock market kicked off the new week on a strong note as investors collectively gained ₦285 billion on Monday, reflecting renewed buying momentum across key equities. Market capitalisation advanced…
Asian stock markets tumbled on Tuesday as investors digested a series of dramatic moves by US President Donald Trump, including the unprecedented removal of a Federal Reserve governor and fresh…
Residents of Brains and Hammers Bungalow City Estate, located along the busy Kubwa Expressway in Abuja, are crying out for help after accusing the estate’s developer of harassment, intimidation, and…
Fuel prices in Nigeria are spiraling towards the N1,000 per litre mark, leaving citizens overwhelmed and triggering a fresh round of finger-pointing between petroleum marketers and fuel station owners over…
The price of petrol in Nigeria is on the verge of hitting N900 per litre as market dynamics tighten, driven by rising global oil prices and fresh supply decisions by…
Businesses across Lagos and parts of Ogun State are facing a serious economic blow as a 25-day power outage commenced this week, following announcements by Nigeria’s leading electricity distribution companies.…
In a deal that could reshape transatlantic trade dynamics, U.S. President Donald Trump has struck a major economic agreement with the European Union — just days before a self-imposed deadline…
Nigeria’s energy sector is facing heated debate following calls by Africa’s richest man, Aliko Dangote, for the Federal Government to halt the importation of refined fuel. The business mogul urged…
In a landmark move set to redefine the African entertainment space, French media giant Canal+ has finalized a $3 billion deal to acquire MultiChoice Group, the South African pay-TV heavyweight…
The Dangote Petroleum Refinery has achieved a major export milestone, having shipped over 1.3 billion litres of Premium Motor Spirit (PMS) in less than two months. This development signals a…
Real estate has officially surpassed crude oil to become Nigeria’s third-largest economic sector, following the release of rebased Gross Domestic Product (GDP) figures by the National Bureau of Statistics (NBS).…
A major fire outbreak at Shril-Balaj Industrial Limited in Ibadan, Oyo State, has resulted in the destruction of property worth millions of naira. The incident occurred in the early hours…
As Nigeria’s economy begins to show signs of easing inflation and currency stabilization, all eyes are on the Central Bank of Nigeria (CBN) as its Monetary Policy Committee (MPC) convenes…
The Nigerian naira ended last week on a subdued note, falling to ₦1,532.34 per US dollar at the official foreign exchange market despite efforts by the Central Bank of Nigeria…