MTN Nigeria Communications Plc has announced that its Chief Executive Officer, Karl Toriola, will take on an expanded role within the MTN Group as Vice President for Francophone Africa, while retaining his position as CEO of Nigeria’s largest telecoms operator.…
Nigeria’s fiscal and monetary authorities have pledged closer collaboration to strengthen economic stability and boost investor confidence. This followed a strategic meeting on Tuesday at the Central Bank of Nigeria (CBN) headquarters in Abuja, attended by the Minister of Finance…
Petroleum marketers in Eleme, Rivers State, have criticised the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Bayo Ojulari, for failing to visit the Port Harcourt refinery during his recent trip to the Nigeria Liquefied Natural Gas…
Nigeria’s manufacturing sector is increasingly turning to local raw materials as the country’s currency crisis reshapes industrial supply chains. A new Financial Times report on Sunday revealed that the volatility in the foreign exchange market—triggered by the Central Bank’s decision…
The Centre for the Promotion of Private Enterprise (CPPE) has cautioned that persistent increases in food prices and month-on-month inflation continue to expose structural weaknesses in Nigeria’s economy, despite a steady decline in headline inflation. CPPE’s Director/CEO, Dr. Muda Yusuf,…
The Federal Government, through the Federal Accounts Allocation Committee, deducted a total of N256.52bn from revenue allocations to fund gas infrastructure projects in the first half of 2025, according to official figures. This development comes as the government considers a…
The Kirikiri Lighter Terminal (KLT) Command of the Nigeria Customs Service has reported revenue collection of N89.2 billion between January and June 2025. Customs Area Controller, Eghosa Edelduok, disclosed this in a statement on Saturday, noting that the figure reflects…
Director-General of the World Trade Organization, Dr. Ngozi Okonjo-Iweala, on Thursday with the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, in his office in Abuja to advance a shared agenda for trade-led growth, investment,…
The World Bank has said it is impressed with the Mining Cadastre Office’s strides in digitalisation and transparency. It noted that it won’t mind exploring areas of partnership that can further strengthen Nigeria’s mining sector. This was said by Naora…
Nigeria’s headline inflation eased to 21.88 percent in July 2025 from 22.22 percent in June, according to the National Bureau of Statistics (NBS). The figure, disclosed in the bureau’s Consumer Price Index (CPI) report released on Friday, marks the fourth…
The World Trade Organisation (WTO) has kicked off the first phase of its Women Exporters in Digital Economy (WEIDE) Fund in Nigeria, with a $50 million investment aimed at creating opportunities for women entrepreneurs in the digital space. In this…
The Nigerian National Petroleum Company Limited (NNPC) and other marketers have reduced the pump prices of Premium Motor Spirit (petrol) following Dangote Petroleum Refinery’s decision to cut its ex-depot prices. From as high as N950 per litre on Tuesday, petrol…
The Central Bank of Nigeria (CBN) has reiterated its commitment to sustaining initiatives that strengthen the economy and protect consumers in the financial sector. Speaking at the CBN Fair in Abeokuta, Ogun State, on Thursday, the Acting Director of Corporate…
The Nigerian National Petroleum Company Limited (NNPCL) says it is working on measures that could cut the oil and gas sector’s operating costs by between $3bn and $4.5bn this year. Group Chief Executive Officer, Bayo Ojulari, disclosed this in Lagos…
The Federal Executive Council (FEC) has approved N13 billion in compensation payments for the Lagos Transmission Industrial Project as part of efforts to modernise Nigeria’s power infrastructure and boost electricity supply for industrial growth. Minister of Power, Adebayo Adelabu, announced…