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FG Confirms Local Refineries Fall Short of Meeting 50% Fuel Demand

The Federal Government has disclosed that Nigeria’s three operational refineries, despite having a combined refining capacity of 985,000 barrels per day, are currently supplying less than 50% of the country’s daily petrol consumption. The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA)
February 20, 2025

Binance Faces UK Restrictions Amid Global Regulatory Scrutiny

The UK’s Financial Conduct Authority (FCA) has issued a warning against Binance, the world’s largest cryptocurrency exchange, prohibiting it from conducting any regulated activities in the country. The regulatory move highlights growing concerns over the risks associated with cryptocurrency investments and the
February 19, 2025

Kano High Court Stops CBN From Withholding LG Funds

A high court in Kano State has issued a permanent order restraining the Central Bank of Nigeria (CBN) from withholding funds allocated to the 44 local government areas (LGAs) of the state. The ruling, delivered by Justice Ibrahim Musa-Muhammad, came after an
February 18, 2025
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