Nigeria retains 99% duty-free access to UK market
The United Kingdom has reaffirmed Nigeria’s eligibility for duty-free access on 99% of its exports under the Developing Countries Trading Scheme, a…
Business
Navy destroys 800 illegal refineries, recovers 171,000 stolen oil barrels
The Nigerian Navy has dismantled more than 800 illegal refineries and recovered 171,000 barrels of stolen crude oil in a sweeping crackdown…
Oil prices slip as US delays decision on Israel-Iran conflict
Oil prices dipped on Friday after the White House postponed a decision on potential U.S. involvement in the Israel-Iran conflict, though they…
Dele Oye steps down as NACCIMA, OPSN Chairman
Dele Oye has stepped down from his roles as President of the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture…
Oil prices surge as Israel intensify strikes on Iran
Crude oil futures rose sharply on Thursday after Israeli Prime Minister Benjamin Netanyahu ordered intensified military strikes against Iran. As of 9:38…
FG delays sale of power plants over low investor bids
The Federal Government has delayed plans to sell five National Integrated Power Projects after receiving undervalued bids from interested investors. Meanwhile, the…
NIBSS unveils advanced digital platform to modernise, enhance payments
The Nigeria Inter-Bank Settlement System has launched the National Payment Stack, a new digital infrastructure designed to modernise and enhance instant payments…
PZ Cussons quits Nigeria palm oil business, sells $70m stake
PZ Cussons PLC has formally announced its exit from Nigeria’s palm oil sector following a definitive agreement with Wilmar International Limited. Under…
Stock market declines as all-share index drops
The Nigerian stock market ended in negative territory on 17th June 2025, as the All-Share Index fell by 348.61 points to close…
PenCom, HOS partner on gratuity framework for civil servants
The National Pension Commission and the Office of the Head of the Civil Service of the Federation have agreed to collaborate on…
IPMAN suspends strike as Lagos agrees to dialogue
The Independent Petroleum Marketers Association of Nigeria has called off its strike along the Lekki-Epe corridor following the Lagos State Government’s decision…
Lagos call-up fee could trigger petrol price hike, IPMAN warns
The Independent Petroleum Marketers Association of Nigeria has cautioned that the Lagos State Government’s new N12,500 electronic call-up parking fee could lead…