In September 2025, Forbes’ currency tracker has placed Nigeria’s naira as the ninth weakest currency among African nations, underscoring the serious economic pressures still affecting Nigeria...
In a bold move to sanitize local government finances, a Biometric Screening Committee conducting audits across the 34 Local Government Areas (LGAs) and Local Education Authorities...
The Nigeria Customs Service (NCS) has announced the exemption of raw materials, spare parts and certain machinery from the four percent Free on Board (FOB) levy,...
Dangote Petroleum Refinery & Petrochemicals has abruptly suspended the sale of petrol in the naira, notifying its customers that the new policy will take effect beginning...
The Nigerian National Petroleum Company Limited (NNPC Ltd) has reported that its cumulative revenue reached N4.655 trillion by August 2025, up from N4.406 trillion in July,...
TAJBank, a non-interest (Islamic) bank in Nigeria, has confirmed that it successfully met the Central Bank of Nigeria’s newly raised minimum capital requirement for national non-interest...
The management of Dangote Petroleum Refinery and Petrochemicals has denied reports of mass sackings, clarifying that its recent workforce restructuring was part of a system-wide clean-up...
Chairman of BUA Group, Abdul Samad Rabiu, has projected that the naira will appreciate further against the dollar, settling between N1,300 and N1,400 before the close...
Health and financial policy experts are calling on the Federal Government to double excise taxes on tobacco products, arguing that stronger taxation will both curb smoking...
The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has urged the Dangote Petroleum Refinery to improve access to fuel supplies and ensure that products...
The Central Bank of Nigeria (CBN) has confirmed that 14 commercial banks have successfully met the new minimum capital requirements set under its ongoing recapitalisation programme....
The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) and the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) have strongly opposed the...
The Nigeria Extractive Industries Transparency Initiative (NEITI) has thrown its weight behind the Federal Government’s decision to revoke 1,263 mineral licences belonging to operators who failed...
Trade between Nigeria and the United Arab Emirates (UAE) for non-oil commodities rose to a historic $4.3 billion in 2024, underscoring the growing importance of bilateral...
Billionaire investor and Chairman of Geregu Power Plc, Femi Otedola, has raised fresh concerns over the future of Nigeria’s oil and gas industry, warning that entrenched...