Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, says the Federal Government will fully support Dangote Refinery in achieving its 1.4 million barrels-per-day refined products target. Lokpobiri said this on Monday in Lagos during his welcome address at the…
The Naira on Monday appreciated further at the official foreign exchange market, trading at N1,452.79 to the dollar. Data from the Central Bank of Nigeria (CBN) showed the Naira gained N5.16 compared with Friday’s rate of N1,457.95. This represents a…
The Central Bank of Nigeria (CBN), has welcomed the Financial Action Task Force’s (FATF) formal removal of Nigeria from the list of jurisdictions under increased monitoring, known as the “grey list”. Mrs Hakama Sidi-Ali, CBN’s Acting Director, Corporate Communications, said…
The Economic and Financial Crimes Commission (EFCC) has in collaboration with other agencies deported another batch of 51 foreign nationals convicted of cyber-terrorism, internet fraud, and related financial crimes in Lagos. EFCC Spokesperson, Dele Oyewale, said this in a statement…
The Governor of the Central Bank of Nigeria, Yemi Cardoso, says President Bola Tinubu’s economic reforms are finally bending the curve — taming inflation, stabilising the naira, and restoring investor confidence after months of turbulence. Cardoso said this on Friday…
The National Bureau of Statistics (NBS), says Nigeria’s headline inflation rate eased further to 18.02 per cent in September 2025. The NBS disclosed this in its Consumer Price Index (CPI) and Inflation Report for September 2025, which was released in…
The Minister of Solid Minerals Development, Dr Dele Alake, says he has received threats over the recent revocation of 1,263 mineral licences for non-payment of annual fees. Alake stated this at a news conference ahead of the 10th edition of…
Nigeria’s former Central Bank Governor and Emir of Kano, Muhammadu Sanusi II, has identified inconsistent government policies as a major reason for the country’s slow progress in both economic and agricultural development. Speaking at a high-level dialogue jointly hosted by…
About 98 per cent of Nigerian workers will no longer pay Pay-As-You-Earn (PAYE) tax under the new tax laws, according to the Presidential Fiscal Policy and Tax Reforms Committee. The committee’s chairman, Taiwo Oyedele, revealed this at the 31st Nigerian…
The geopolitical landscape is undergoing significant changes, particularly regarding currency dynamics and global trade systems. The BRICS nations—Brazil, Russia, India, China, and South Africa—are taking bold steps to challenge the dominance of the US dollar in international trade. This report…
Group Managing Director of Nigeria National Petroleum Company Limited (NNPCL), Bashir Bayo Ojulari, has disclosed that Nigeria lost 200,000 barrels per day of crude oil to the recent strike embarked upon by the nation’s oil workers. The Petroleum and Natural…
If Nigeria maintains its current trajectory of economic reforms, inflation could decline to around 14 per cent by the end of 2026, the Group Chief Economist and Managing Director of Afreximbank, Yemi Kale, has declared. Speaking during his keynote address…
Former Nigeria Labour Congress (NLC) president and Senator Adams Oshiomhole has sharply criticised the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) for escalating its conflict with Dangote Refinery into a broader shutdown of oil sector operations nationwide.…
Nigeria and China are set to deepen their economic and trade partnership through the 2025 edition of the China Commodities Expo-Nigeria, scheduled to take place in Lagos from Wednesday, November 5 to Friday, November 7, 2025. The annual event is…
Nigeria’s delicate path to economic recovery is facing turbulence as the ongoing dispute between the Dangote Petroleum Refinery and the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) threatens to disrupt production, erode investor confidence, and undermine long-term…