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Dangote Refinery Cuts Petrol Price to ₦865

KEY POINTS Dangote Refinery reduced petrol prices to ₦865 per litre, citing improved supply under the Naira-for-Crude policy, which mandates domestic crude sales in local currency. The NNPCL clarified that its agreement with Dangote remains active despite expired terms, with negotiations ongoing for a...

April 11, 2025

News

Akpabio Files Police Petition Against Senator Over Assassination Allegations

KEY POINTS Senate President Akpabio petitions IGP to investigate Senator Akpoti-Uduaghan for allegedly claiming he plotted her assassination, calling it "criminal defamation." The legal action follows a 2024 sexual harassment accusation by Akpoti-Uduaghan that led to her Senate suspension, highlighting an ongoing political feud. Security...

April 11, 2025

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Business

How I Secured Debt Forgiveness for Nigeria – Obasanjo

Obasanjo explains how strategic reforms helped Nigeria achieve critical debt forgiveness, enabling greater economic growth and reduced debt burden

October 26, 2024

Business

Federal Government Defends Renaming of Niger Delta Ministry

The federal government’s decision to rename the Ministry of Niger Delta Development has sparked mixed reactions, with leaders concerned about regional development.

October 24, 2024

Business

Nigeria’s Debt Crisis: A Growing Concern

Nigeria’s rising debt and looming cash shortage paint a troubling picture for its economic future. As global pressures increase, what can be done to avert a fiscal crisis?

October 21, 2024

Business

DSS Replaces Tinubu’s Chief Security Officer With Rasheed Lawal

DSS replaces Tinubu’s chief security officer, Adegboyega Fasasi, with Rasheed Lawal. Fasasi steps down for professional training, Lawal takes over the key role

October 21, 2024

Business

7 Must-Attend Fashion Shows in Nigeria

These top fashion shows in Nigeria are advancing the country’s fashion industry, giving designers a global platform to showcase their creativity and entrepreneurship

October 17, 2024

Business

World Bank Forecasts Nigeria’s Revenue-to-GDP Ratio to Surpass 10.5%

The World Bank projects Nigeria’s revenue-to-GDP ratio to exceed 10.5% in 2024, while the government tackles inflation with agriculture-focused initiatives

October 16, 2024

Business

WFP Seeks $228 Million to Avert Hunger Crisis in Northeast Nigeria

WFP calls for $228 million to support 1.6 million people in northeast Nigeria as hunger and conflict drive a severe humanitarian crisis

October 15, 2024

Business

Binance Executive Denied Bail in Nigeria: Implications for Crypto Regulation and the Legal Landscape

The denial of bail for Binance’s compliance chief in Nigeria, charged with money laundering, raises questions about cryptocurrency regulation and the country's legal system.

October 14, 2024

Business

Government, Dangote Refinery Set to Reform Petrol Distribution

The Nigerian government and Dangote Refinery are advancing plans to reform the country’s petrol distribution system and remove subsidies

October 9, 2024

Business

Nigeria’s Central Bank to Automate FX Trades from December

The Central Bank of Nigeria is set to automate foreign exchange trades by December 2024. This move could enhance transparency, stabilize the naira, and boost investor confidence in Nigeria’s economy.

October 8, 2024

Business

Dangote Refinery Set to Boost Nigerian Economy by $400B Over Six Years

Dangote refinery is projected to boost Nigeria’s economy, reduce fuel imports, and generate jobs, significantly impacting growth by 2030

October 7, 2024

Business

FBI Seeks EFCC Aid to Arrest Two Nigerians Over $13m U.S Healthcare Fraud

The FBI has requested the EFCC's assistance in apprehending two Nigerian fugitives accused of orchestrating a $13 million healthcare fraud scheme in the United States

October 5, 2024