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Dangote refinery cuts off petrol sales to fuel importers over “blending” of Euro-5 product with imported grades

Dangote Petroleum Refinery has stopped selling petrol to marketers who import fuel, accusing them of blending its Euro-5 product with lower-quality imported grades.
News

Lionel Messi plays final Argentina match tonight against Benin after 21 years, 207 caps and 125 goals

Lionel Messi will play his final match for Argentina on Tuesday in a friendly against Benin at Buenos Aires' Estadio Monumental, ending a 21-year international career.
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Capital importation jumps 182 percent to $3.52 Billion

Nigeria's capital importation jumped 182% to $3.52bn in January, driven almost entirely by foreign portfolio investment, while foreign direct investment collapsed by 80 percent.
News

FG unveils net-zero plan, targets 2060 neutrality

Nigeria's government has launched a net-zero plan targeting carbon neutrality by 2060, backed by fresh German funding and tied directly to the country's long-term economic growth.
News

IMF warns Nigerians of tougher times ahead as food, transport costs climb and debt rises

The IMF warned Nigerians face tougher near-term conditions from rising food and transport costs, even as the country's oil grades trade above $113 per barrel.
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IMF cuts Nigeria growth forecast to 4.1 percent

The International Monetary Fund cut Nigeria's 2026 growth forecast to 4.1 percent, down from 4.4 percent, citing higher commodity costs and shipping disruptions.
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Manufacturing sector taxes climb to N2.05tn in 2025

Nigeria's manufacturing sector contributed N2.05 trillion in total taxes in 2025, with VAT and Company Income Tax both posting double-digit gains, according to the National Bureau of Statistics.
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Edun targets 7 percent annual Nigeria GDP growth

Finance Minister Olawale Edun says Nigeria is targeting 7 percent annual GDP growth and needs $14 billion yearly to bridge its infrastructure gap.
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Manufacturing foreign investment in Nigeria plunges 51 percent

Nigeria's manufacturing sector absorbed just $772.45 million in foreign investment in 2025, a 51 percent drop from 2023, even as total capital inflows surged.
Business

Nigeria capital importation jumps in 2025

Nigeria capital importation surged in 2025, rising sharply on the back of portfolio investments and increased inflows into the banking sector.
Business

Tinubu Reforms Deepen Stability, Federal Unity, Bagudu Says

Nigeria’s budget minister says Tinubu’s economic reforms are improving political coordination, stabilising markets and guiding development partnerships despite short-term hardships.
News

Anambra Shuts Onitsha Main Market Over Sit-At-Home Defiance

Anambra State shut Onitsha Main Market for one week after traders defied the Monday sit-at-home order, escalating efforts to restore normal economic activity.
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Nigeria’s Economy Set To Soar: IMF Predicts 4.4% Growth In 2026

IMF forecasts Nigeria’s economy to grow 4.4% in 2026, highlighting reforms, energy prices, and fiscal stability.
News

Nigeria Posts Strongest Economic Expansion at 57.6 Index

Nigeria recorded its strongest economic expansion at 57.6 index points, as activity, demand, and confidence strengthened across the private sector.
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Dangote refinery cuts off petrol sales to fuel importers over “blending” of Euro-5 product with imported grades

Dangote Petroleum Refinery has stopped selling petrol to marketers who import fuel, accusing them of blending its Euro-5 product with lower-quality imported grades.
News

Lionel Messi plays final Argentina match tonight against Benin after 21 years, 207 caps and 125 goals

Lionel Messi will play his final match for Argentina on Tuesday in a friendly against Benin at Buenos Aires' Estadio Monumental, ending a 21-year international career.
News

Nigerians owe N2.06 trillion in personal loans as borrowing to survive overtakes borrowing to invest

Personal loans held by Nigerians rose to about N2.06 trillion in May 2026, CBN data shows, as households increasingly borrow to cope with rising living costs.
News

NYSC kidnap: Ransom drops from N1 billion to N100 million as police say camp is mined with IEDs

Kidnappers holding 20 prospective corps members in Imo State have cut their ransom from N50 million to N5 million each as parents report the captives are being beaten.