Cooking Gas Prices Settle at Around N1,000 per Kg as Supply Increases
There is growing optimism among cooking gas retailers and consumers as the price of liquefied petroleum gas (LPG) begins to
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Business
Nigerians Pay N1.13tn in Electricity Bills Despite Frequent Blackouts
Electricity distribution companies (DisCos) in Nigeria collected a total of N1.13 trillion from consumers over the six months spanning April
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Nigeria Bans Coal Exports as Global Demand Set to Fall from 2026
Nigeria has officially banned the export of coal as global demand is expected to decline from 2026, amid rising competition
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Guinea Insurance Plc Secures Shareholders’ Approval for N15bn Capital Raise
Guinea Insurance Plc has achieved a major milestone in its transformation journey, as shareholders approved the Board’s N15 billion capital
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1st Choice Properties Launches Mobile App to Fight Real Estate Fraud in Nigeria
1st Choice Properties has unveiled a mobile application designed to promote secure, transparent, and genuine real estate transactions across Nigeria.
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Dangote Refinery Sells Petrol Nationwide at N739 per Litre
Dangote Petroleum Refinery has officially commenced the nationwide sale of Premium Motor Spirit (petrol) at a pump price of ₦739
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Smartphones Fuel Nigeria’s Mobile Forex Trading Boom
Mobile trading in Nigeria is no longer limited to tech-savvy investors or financial professionals. It has rapidly evolved into a
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IBEDC Blames National Grid Shortfall for Widespread Power Outages
The Ibadan Electricity Distribution Company (IBEDC) has explained that the ongoing power outages affecting its service areas are due to
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How FairMoney Is Driving Financial Inclusion for Nigerian Hustlers
Urbanization is rapidly transforming Nigeria’s economic landscape, opening doors for millions of young Nigerians seeking better opportunities. Cities like Lagos,
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Dangote Refinery Gets Second Crude Shipment From Ghana As Plant Reduces European Supply
The Dangote Petroleum Refinery has received its second crude oil shipment from Ghana, marking another major step in its plan
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FG Approves N6.4 Trillion PPP Projects to Expand Ports and Power Infrastructure
The Federal Executive Council has approved three major Public-Private Partnership (PPP) projects worth more than N6.43 trillion, marking another huge
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FG Cuts Oil Block Entry Costs to $3 Million
The Federal Government has reduced the signature bonus for oil blocks in Nigeria’s 2025 licensing round from $10 million to
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NNPC E&P Achieves 355,000bpd, Highest Output in 36 Years
The Nigerian National Petroleum Company’s upstream subsidiary, NNPC Exploration and Production Limited (NNPC E&P), has recorded its highest daily crude
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FG Launches N50m Equity-Free Grant for Nigerian Tertiary Students
The Federal Government has launched a N50 million Student Venture Capital Grant (S-VCG) to promote innovation, research, and entrepreneurship among
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Banks Explore New Revenue Channels as FX Gains Decline
As foreign exchange gains that banks enjoyed in recent years begin to fade, lenders in Nigeria are now looking for
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CAC Issues Nationwide Clampdown on Unregistered PoS Operators
The Corporate Affairs Commission (CAC) has issued a strong warning to Point-of-Sale (PoS) operators nationwide, announcing a sweeping enforcement campaign
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FirstBank Supports Oke-Odan Cultural Festival to Promote Arts and Heritage
FirstBank of Nigeria Ltd has reaffirmed its commitment to promoting Nigerian arts and culture by sponsoring the Oke-Odan Cultural Festival
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Deutsche Bank Shows Strong Interest in Funding Lagos Carter and Third Mainland Bridges
Deutsche Bank has shown growing interest in funding major rehabilitation and replacement works on two of Lagos’ most important bridges
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NNPCL Struggles with N8.07tn Crude-for-Loan Debt Amid Fiscal Pressure
The Nigerian National Petroleum Company Limited (NNPCL) is grappling with massive crude-backed loan obligations estimated at N8.07 trillion, according to
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NNPCL Achieves 64% Profit Boost and Rolls Out $60 Billion Expansion Strategy
The Nigerian National Petroleum Company Limited (NNPCL) has recorded a remarkable profit after tax of N5.4 trillion for the financial
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