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Tinubu appoints Abel Enitan as head of civil

  • 19th August 2026

Ekiti approves ₦3bn for new high court office

  • 19th August 2026

How FG spent N15.8tn subsidy removal savings

  • 19th August 2026

US tightens green card screening with new public

  • 19th August 2026

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Netflix faces trademark lawsuit from metal band Demon Hunter

Business

Tinubu appoints Abel Enitan as head of civil service,

Business

FG borrowed ₦11.9tn in 31 months, says Oyedele

Finance

States’ 2026 budgets rise 47.5% to ₦40.14tn

Finance

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Oil and Gas

NNPCL, TotalEnergies partner to launch $550m Ubeta field development project

The Nigerian National Petroleum Corporation in partnership with TotalEnergies has announced a 550 million dollars Final Investment Decision on the Ubeta Field Development Project. This was disclosed in a statement by the Chief Corporate Communications Officer, Olufemi Soneye via its official X account on Thursday. According to the statement, the milestone is consistent with President […]

News

Aviation fuels will triple to 1.9bn liters in 2024 – IATA

The International Air Transport Association has said that the production of Sustainable Aviation Fuels is expected to triple to 1.9 billion liters in 2024. This would cover 0.53% of the fuel required by aircraft in 2024. Governments could implement several policy initiatives to speed up the usage of SAF. The Director General of IATA, Willie […]

US drops lawsuit against Binance
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Binance fined $2.25m for money laundering in India

The Financial Intelligence Unit of India has fined Binance, the largest cryptocurrency exchange in the world, 188.2 million rupees ($2.25 million) for breaking its money laundering laws. This follows the ongoing trial of Binance’s officials in Nigeria for the same charges. Virtual digital asset service providers in India, such as cryptocurrency exchanges, must register as […]

News

Workers withdrawal from pension contributions rise 87.6% in Q1 2024

The number of workers who made withdrawals from their voluntary contributions under their pension savings in response to the severe hardship in the economy grew by 87.6% in the first quarter of 2024. According to the National Pension Commission’s first-quarter report, 1,259 workers made withdrawals from the private sector, while 43 were from the public […]

News

Nigeria’s credit penetration hits 14% – CRC

Credit penetration in Nigeria has increased to 14%, owing largely to the work of CRC Credit Bureau Limited, Nigeria’s leading credit bureau provider. Despite increased penetration, it remains lower than predicted globally. This was disclosed by the Group Managing Director/CEO of CRC Credit Bureau Limited, Dr. Tunde Popoola on Wednesday during the Company’s CRC Finance […]

News

NOSDRA, Aiteo probe fresh Bayelsa oil spill

Aiteo Eastern Exploration and Production Company, which operates the NNPC/Aiteo Joint Venture on OML 29, has announced that it has commenced investigations into the source of the oil spill at the Nembe field in Bayelsa State. In a statement issued on Wednesday, Aiteo revealed that it discovered the oil leak at its Nembe marsh plant […]

Economy

Petrol price surges 223% to ₦770/litre — NBS

The average price of Premium Motor Spirit, also known as petrol, surged 223.21 per cent, reaching about ₦770 per litre in May 2024. This figure is a significant rise from ₦238.11 per litre recorded in May 2023, according to the National Bureau of Statistics. This was disclosed by NBS in its May 2024 “Premium Motor […]

Carbon shuts down debit card operations in Nigeria
News

Carbon shuts down debit card operations in Nigeria

Nigerian fintech company Carbon has announced the termination of its debit card operations in Nigeria, just two years after its launch. The company’s co-founder and CEO, Ngozi Dozie, made this disclosure on Wednesday through a Substack post. While Dozie did not provide specific reasons for discontinuing the card service, his post suggested that the decision […]

Price of of cooking gas rose by 13.75% in May 2024
News

Price of of cooking gas rose by 13.75% in May 2024

The average retail price of a 5kg cylinder of Liquefied Petroleum Gas (cooking gas) increased by 13.75%, rising from N6,521.58 in April 2024 to N7,418.45 in May 2024. This significant hike represents a 70.12% increase from the N4,360.69 recorded in May 2023, according to the National Bureau of Statistics LPG price watch for May 2024. […]

Nigeria drops charges against Binance exec Tigran Gambaryan
News

Binance exec Gambaryan seeks compensation for detention in Nigeria

A senior executive at Binance, Tigran Gambaryan, has petitioned the Federal High Court in Abuja to award costs against the Office of the National Security Adviser and the Economic and Financial Crimes Commission over his prolonged detention in Nigeria. The request was part of an amended originating motion for the enforcement of his fundamental rights, […]

Ramaphosa pledges to strengthen trade partnership with Nigeria
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Ramaphosa pledges to strengthen trade partnership with Nigeria

South African President Cyril Ramaphosa has reaffirmed his commitment to maintaining a strategic partnership with Nigeria, following the announcement that South Africa has become Nigeria’s top trading partner in Africa for the first quarter of 2024, with trade exceeding N1 trillion, according to the Nigerian Bureau of Statistics. The South African government emphasized the importance […]

News

Customs revenue rises by 74%, hits N4.5tn in one-year

The Nigeria Customs Service stated on Wednesday that its revenue climbed 74% to N4.49 trillion between June 2023 and May 2024, compared to the same period the previous year. This was disclosed by the Comptroller-General of Customs, Adewale Adeniyi, in Abuja, while offering an analysis of the NCS’s performance over the previous year under his […]

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