Business

FG unveils Tinubu Light Initiative for one million

  • 6th August 2026

NMDPRA proposes ban on fuel price fixing

  • 6th August 2026

Tinubu gets ICPC report on alleged fake agency

  • 6th August 2026

NIA credits NAICOM’s oversight for successful insurance recapitalisation

  • 6th August 2026

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FUTA workers protest alleged non-payment of allowances

News

Five countries that recently changed, redenominated their currencies

featured Finance

SEC launches campaign to help Nigerians recover unclaimed dividends

Investment

FG optimistic Nigeria NOW! Expo will boost mining investments

Investment

Blog

SERAP sues Wike, governors, over failure to account for N40tn LGA allocations
Business

SERAP seeks probe of alleged corruption within NMDPRA

The Socio-Economic Rights and Accountability Project has urged Nigeria’s anti-corruption agencies to swiftly probe allegations of corruption at the Nigerian Midstream and Downstream Petroleum Regulatory Authority. In a statement on Monday, SERAP called on the Code of Conduct Bureau, the Economic and Financial Crimes Commission, and the Independent Corrupt Practices and Other Related Offences Commission […]

Oil and Gas

Trump is more than happy with our refinery — Dangote

President of Dangote Refinery, Alhaji Aliko Dangote, has dismissed claims that United States President Donald Trump is unhappy with the establishment of the $20 billion Dangote Refinery, describing such reports as unfounded. Dangote spoke amid social media claims linking Trump’s recent comments about possible military action against terrorists targeting Christians in Nigeria to the operations […]

News

FX stability drives Nigeria’s car imports to N1.01tr

Nigeria’s importation of passenger motor cars rebounded strongly in 2025 as relative stability in the foreign exchange market eased pressure on dealers and buyers, according to foreign trade statistics from the National Bureau of Statistics. Data from the NBS showed that the value of passenger motor car imports rose to N1.01tn in the first nine […]

Nigeria remains World Bank's third-largest debtor with $18.2bn IDA loans
Finance

Naira stable as official, parallel market rates converge

The Naira showed minimal movement against the United States Dollar on Monday, December 15, 2025, maintaining its position across both the official Nigerian Foreign Exchange Market and the parallel market. Data from the official trading window, the Nigerian Foreign Exchange Market, indicates the Naira traded at N1,448.68 per US Dollar early this morning. This rate […]

Finance

Investors gain N1.5tr as Nigerian stock market rebounds

The Nigerian stock market sustained its upward trend last week with investors gaining over N1.5 trillion. The Nigerian Exchange Limited, NGX closed higher last week, deepening its recovery and reversing the weakness seen in November 2025, as buy interest resurfaced across major blue-chip and mid-tier counters. The bargain hunting in MTN led to a surge […]

Economy featured

Nigeria’s trade balance surges 43.8% in first nine months of 2025

Nigeria’s total trade balance experienced a significant rise, increasing by 43.8 per cent year-on-year to N19.32 trillion in the first nine months of the year from $13.43 billion recorded in 9M’24. Data from the National Bureau of Statistics report titled ‘Foreign Trade in Goods Statistics,’ showed conclusively that the overall value of exports exceeded that […]

Chery Automobile sales increase by 52.6%
Transportation

Lagos set for ‘Oscars’ of Nigerian auto industry in 2026

The Nigeria Auto Journalists Association has formally announced that all necessary arrangements are in place for the highly anticipated 2025 NAJA Awards. This major event is scheduled to take place on Tuesday, December 16, at the Oriental Hotel in Lagos. The yearly awards ceremony is widely celebrated throughout the motoring community and is often regarded […]

Business

NNPC refineries would struggle to find buyers – Dangote

The President and CEO of Dangote Group, Aliko Dangote, stated that Nigeria’s four NNPC Limited refineries would struggle to attract buyers if offered for sale, pointing to regulatory hurdles and investment challenges. Dangote blamed the current crisis in the downstream sector on regulatory mismanagement under the previous administration. “During the last administration of President [Muhammadu] […]

Business

Rival deliberately tried to derail us – T2 CEO

The Chief Executive Officer, Obafemi Banigbe, stated that a competitor intentionally delayed negotiations over shared services, causing financial losses for the company and aiming for its downfall. Banigbe made the remarks at the Inspiring Woman Africa Series 14 in Lagos on Thursday, themed ‘Leadership Redefined: Charting New Paths to Excellence’. It was earlier reported that […]

Nigeria’s debt crisis deepens as FG borrows N10.85trn in four months
featured Finance

Naira-pound rate jumps in parallel market, depreciates officially

The exchange rate between the Nigerian Naira and the British Pound Sterling demonstrated a mixed performance on Monday, December 15, 2025, across the official and the parallel markets. In the official Nigerian Foreign Exchange Market, the Pound Sterling was trading at an average rate of ₦1,936.86 per Pound as the early trading hours concluded. This […]

Business

Customs, NMDPRA strengthen ties to curb fuel diversion

The Nigeria Customs Service and the Nigerian Midstream and Downstream Petroleum Regulatory Authority have strengthened their collaboration to prevent the diversion of petroleum products intended for domestic use, as the country steps up measures to safeguard energy security while boosting fuel exports. This renewed commitment was highlighted in a meeting between Comptroller-General of Customs Adewale […]

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