Economy

Dangote Petroleum Refinery has withdrawn its ₦100 billion lawsuit challenging the issuance of petroleum import licences by the Nigerian Midstream and Downstream Petroleum Regulatory…

Fintech giant OPay is set to host the Empowering Futures Conference 2025 on October 31 at the Marriott Hotel in Ikeja, Lagos, marking one year since the launch of its ₦1.2 billion 10-Year…

Iran has declared one of its largest private financial institutions, Ayandeh Bank, bankrupt and transferred its assets to the state-owned Bank Melli, state media reported on Saturday. The…

Lagos State Governor, Babajide Sanwo-Olu, has commended Nigerian Breweries Plc for its sustained investment and resilience despite the nation’s tough economic conditions. The governor made…

The Chairman of the Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji, has attributed Nigeria’s unprecedented revenue growth to bold fiscal reforms introduced by President Bola…

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday reduced the country’s benchmark interest rate, the Monetary Policy Rate (MPR), from 27.5 per cent to 27…

The exchange rate between the United States Dollar (USD) and the Nigerian Naira (NGN) continues to fluctuate at the parallel market, popularly known as the black market or Aboki…

The Nigeria Customs Service Board (NCSB) has approved a new policy setting a $300 duty-free limit for imports, effective from September 8, 2025. Spokesperson of the Nigeria Customs Service…

The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has restated the apex bank’s resolve to sustain macroeconomic stability, strengthen the banking sector, and position…

The Dangote Refinery has raised its ex-depot price of Premium Motor Spirit (PMS), also known as petrol, to N850 per litre, up from the previous price of N820, representing a N30 increase.…