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Nigeria Cuts Petrol Imports as Local Refining Rises in December

KEY POINTS Petrol imports fell by 19 percent in December, while local refinery supply jumped by 64 percent. Total petrol supply averaged 74.2 million litres daily, up from November levels. Daily petrol consumption rose to a record 63.7 million litres, the highest in 2025. Nigeria...
Politics

Abia Obidient Group Denies Threat to Withdraw Support for Otti

Abia’s Obidient Movement says reports linking its support for Governor Alex Otti to ADC defection plans are false and misrepresent its position.

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Business

Nigerian Stocks Extend Rally on Insurance Reform and Earnings

Nigerian stocks rise for the 11th straight week, driven by insurance reform, strong Q2 earnings, and investor optimism.
Business

Oil and Gas Safety Regulations Aligns in Nigeria

NMDPRA is merging multiple HSE guidelines to ease compliance and improve safety in Nigeria’s oil and gas industry.
Business

Femi Otedola’s Rise and Fall: A Cautionary Tale of Banks, Business, and Betrayal

KEY POINTS Femi Otedola shares his rise and fall in the Nigerian business world...
Business

Nigerian Banks’ Deposits with CBN Soar Dramatically High

The CBN's deposits from Nigerian banks grew by over 800% year over year in 2025. This shows that the money market was tighter and there was too much cash.
Business

Canal+ Secures Final Approval to Acquire MultiChoice, Owner of DSTV and GOTV

KEY POINTS Canal+ received final approval to acquire MultiChoice, Africa’s top pay-TV operator, including...
Business

Mozambique, Aiteo Launch 240,000 bpd Refinery to Position Nation as Regional Energy Hub

“boost domestic fuel production” and reshape Southern Africa’s energy landscape
Business

The Untold Impact of Digital Currency Adoption on Nigeria’s Informal Economy

KEY POINTS Digital currency adoption is transforming Nigeria’s informal economy, bringing both benefits such...
Business

President Tinubu Seeks $21.5 Billion Loan, Pension Bond to Stabilise Nigeria’s Economy

KEY POINTS President Tinubu has requested approval for a $21.5 billion external loan and...
Business

Adesina of AfDB Transformed 565 Million Lives During Tenure

Adesina explains how the African Development Bank impacted over 565 million people with its development initiatives during his tenure.
Business

Growing Up in the Shadow of the Stall: The Unseen Curriculum of Nigerian Traders’ Children

KEY POINTS Daily exposure to inventory management, customer service, and financial literacy turns market...
Business

Silent Profiteers: How Nigeria’s Inflation Crisis is Making the Rich Richer

KEY POINTS Nigeria’s inflation crisis is enriching politically connected importers, wholesalers, and landlords who...
Business

Dangote Refinery Reduces Petrol Prices by N15 Nationwide

KEY POINTS Dangote Refinery has reduced petrol prices nationwide by N15 per litre, with...
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Business

Nigeria Cuts Petrol Imports as Local Refining Rises in December

KEY POINTS Petrol imports fell by 19 percent in December, while local refinery supply...
Politics

Abia Obidient Group Denies Threat to Withdraw Support for Otti

Abia’s Obidient Movement says reports linking its support for Governor Alex Otti to ADC defection plans are false and misrepresent its position.
News

Aid Cuts Deepen Hunger in Northeast Nigeria, WFP Says

WFP warns that aid cuts in northeast Nigeria are deepening hunger as funding shortfalls force sharp reductions in food and nutrition assistance across the region.
Business

Tony Elumelu Urges CEOs to Lead With Trust, Not Titles

Tony Elumelu says modern leadership is built on trust, accessibility and execution, not hierarchy, as his businesses post landmark banking and energy deals.

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