Seplat Energy says billionaire investor Tony Elumelu will become chairman in January 2027, while veteran executive Effiong Okon takes over as CEO in August 2026. Tony Elumelu has been named…
The billionaire businessman says a conversation involving his daughter pushed him back into active business operations. Nigerian billionaire businessman Femi Otedola has revealed that there was a period when he…
The directive targets alleged dominance by South African technology firm Optasia in airtime credit lending and data advance services. President Bola Tinubu has directed the Federal Competition and Consumer Protection…
The Central Bank of Nigeria has introduced fresh penalties targeting banks that process foreign exchange transactions without adequate documentation. The Central Bank of Nigeria has introduced a ₦100 million penalty…
Keyamo seals Letter of Intent to boost aviation infrastructure and regional air connectivity across Africa. Nigeria has signed a Letter of Intent with the African Development Bank (AfDB) in a…
Millions of households fear tougher days ahead as LPG prices surge across Nigeria Fresh economic pressure has hit Nigerian households as the price of cooking gas, also known as Liquefied…
New agreements on energy, agriculture and digital reforms spark fresh optimism for Nigeria’s economy Nigeria and Germany have deepened diplomatic and economic ties in what analysts are already describing as…
Civil servants set for major salary boost as government bows to mounting agitation and strike threats The Federal Government has officially approved the long-awaited 40 per cent peculiar allowance for…
Tinubu government seeks major international funding as debt concerns rise Nigeria is reportedly seeking a fresh $1.2 billion loan from the World Bank in what analysts describe as one of…
Oil workers demand visible results as FG signs new partnership with Chinese firms to revive Warri and Port Harcourt refineries. The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG)…
Governor Peter Mbah’s administration pushes bold electricity plan aimed at industrial growth and economic expansion. The Enugu State Government has unveiled an ambitious plan to build a massive 660-megawatt coal-fired…
Bold promise ignites hope and skepticism amid Nigeria’s long-standing electricity crisis. Nigeria’s newly appointed Minister of Power, Joseph Tegbe, has stirred massive reactions after boldly declaring he will fix the…
High-stakes talks signal aggressive push to attract foreign capital into Nigeria President Bola Tinubu has taken Nigeria’s economic reform message to the global stage, holding crucial talks with international investors…
Fintech boss says Nigeria lacks qualified talent, igniting backlash across the country. A major controversy has erupted after Moniepoint CEO Tosin Eniolorunda revealed that over 500 job vacancies remain unfilled…
The refinery has reinstated previously sacked and redeployed engineers under a “conditional pardon,” stressing strict adherence to professional standards moving forward. Dangote Petroleum Refinery has approved the recall of engineers…
Reports suggest strategic shift amid rising geopolitical tensions in oil-producing regions. Reports indicate that the United Arab Emirates (UAE) has moved to exit OPEC and OPEC+ arrangements amid geopolitical tensions…
Consumer protection agency probes case involving social media review and ₦50m lawsuit. The Federal Competition and Consumer Protection Commission (FCCPC) has launched an investigation into a viral bread review case.…
Telecom operators directed to resume suspended services following regulatory dispute. A court has ordered telecommunications companies MTN and Airtel to resume airtime lending services. The ruling follows disputes affecting the…
Government moves to ease pressure on airlines amid rising aviation fuel costs. The Federal Government of Nigeria has directed fuel marketers to provide a 30-day credit facility to domestic airline…
Aliko Dangote has said plans to expand the Dangote Refinery to 1.4 million barrels per day could create up to 95,000 jobs. The announcement highlights a potential major boost for…
President Bola Ahmed Tinubu has approved a one-year extension of the ban on the export of raw shea nuts, effective from February 26, 2026, to February 25, 2027. The development…
President Bola Ahmed Tinubu has expressed optimism that the Nigerian naira will strengthen to about N1,000 against the United States dollar in the coming weeks, citing ongoing monetary policy interventions…
The Rivers State Police Command has confirmed the death of a trader following a violent altercation at the Fruit Market in Oil Mill, Rumuokwurusi, Port Harcourt. The incident occurred at…
The Nigerian stock market sustained its bullish momentum on Tuesday, with investors recording a combined gain of N1.838 trillion at the close of trading. Data from the Nigerian Exchange Limited…
Petroleum products marketers have indicated that pump prices of petrol may decline nationwide in the coming days following a shift in price parity, with imported petrol now cheaper than products…
Equity trading on the Nigerian Exchange (NGX) closed on a mixed note on Friday, as total market capitalisation increased by N184 billion despite a slight decline in the benchmark All-Share…
Dangote Petroleum Refinery has announced a nationwide increase of N100 per litre in the pump price of Premium Motor Spirit (PMS), commonly known as petrol. The refinery disclosed the price…
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Bayo Ojulari, has commended Chevron Nigeria Limited (CNL) following the discovery of a new oil well in…
The Lagos Internal Revenue Service (LIRS) has announced plans to instruct Nigerian banks to debit the accounts of employers who fail to remit outstanding tax liabilities, in line with provisions…
The Federal Competition and Consumer Protection Commission (FCCPC) has launched a phased enforcement process targeting digital money lending operators that failed to regularise their operations in line with Nigeria’s new…
The Federal Government has denied reports suggesting it established a gold refinery in Lagos, describing the claim as inaccurate and misleading. The clarification followed an allegation by the Northern Elders…
Banks and other financial institutions in Nigeria will commence the deduction of a 7.5 per cent Value Added Tax (VAT) on selected banking service charges, including mobile transfer and point-of-sale…
Football’s world governing body, FIFA, has announced that it received more than 500 million ticket requests for the 2026 FIFA World Cup, underscoring massive global interest in the tournament despite…
Elon Musk has said he is “not aware” of any sexualised images of minors being generated by Grok, the artificial intelligence chatbot integrated into the social media platform X, amid…
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Mr. Taiwo Oyedele, has disclosed that his role in driving Nigeria’s far-reaching tax reforms has exposed him to…
Nigerians have begun raising concerns over what they describe as double stamp duty deductions by commercial banks, barely weeks after the implementation of new tax laws on January 1, 2026.…
Former media aide to ex-President Muhammadu Buhari, Bashir Ahmad, has said recent developments in Venezuela have laid bare the true intentions of United States President Donald Trump in the South…
Nigeria on Thursday commenced the implementation of its new tax laws and fiscal reforms, a move that has continued to generate public debate and concern across the country. President Bola…
Billionaire Femi Otedola has divested his controlling stake in Geregu Power Plc in a transaction valued at N1.088 trillion, according to the Nigerian Exchange (NGX). The acquisition was financed by…
Nigeria’s foreign exchange reserves have increased by 7.28 per cent to $45.24 billion, reflecting improved external liquidity and ongoing monetary interventions by the Central Bank of Nigeria (CBN). According to…
The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has appealed for calm amid claims that Nigeria’s tax laws were altered after passage, urging the public…
Amazon has disclosed that it prevented more than 1,800 individuals linked to North Korea from applying for jobs on its platform, citing growing concerns over covert attempts by Pyongyang to…
A Delaware appeals court has overturned an earlier ruling that blocked Elon Musk from receiving a $56 billion compensation package from Tesla, clearing the way for the world’s richest man…
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…