Banks’ CBN deposits rise 57.65% to N6.08tn after OMO repayment
Nigerian banks increased their deposits with the Central Bank of Nigeria to more than N6tn after the apex bank repaid N2.41tn in…
Business
Dangote refinery IPO draws investors from over 90 countries
Dangote Petroleum Refinery and Petrochemicals has said its ongoing initial public offering has attracted investors from 51 of Africa’s 54 countries, with…
NIA urges insurers to improve claims settlement after recapitalisation
Nigeria’s insurance industry must convert the N1.079tn raised through its recapitalisation exercise into faster claims settlement, stronger underwriting capacity and better customer…
FG renews push to deploy one million CNG-powered vehicles
The Federal Government has renewed efforts to deploy one million compressed natural gas-powered vehicles nationwide, directing officials to speed up investments in…
Niger bans petrol, diesel exports to protect domestic supply
The Republic of Niger has banned the export of premium petrol and diesel in a move to prioritise domestic fuel supply amid…
Modular refineries critical to Nigeria’s fuel security – Rainoil MD
The Managing Director of Rainoil Limited, Emmanuel Omuojine, has described modular refineries as essential to strengthening Nigeria’s fuel security, warning that excessive…
Marketers seek inclusion in FG’s gas initiative
The Nigerian Association of Liquefied Petroleum Gas Marketers has urged the Federal Government to involve its members in implementing cooking gas penetration…
Nigeria remains Africa’s third-largest economy – IMF
Nigeria is expected to retain its position as Africa’s third-largest economy in 2026, with a projected gross domestic product of $386.67bn, according…
Cardoso to discuss cross-border payments during China visit
Central Bank of Nigeria Governor Olayemi Cardoso has said Nigeria will seek to strengthen cross-border payment systems with China during an upcoming…
Historic French town hall destroyed in fire during protests
A historic building in Limoges, a French town about three hours south of Paris, has been “largely destroyed” after rioters set it…
Ghana overtakes Ethiopia to become Africa’s eighth-largest economy
Ghana has overtaken Ethiopia in Africa’s economic rankings, with its gross domestic product projected to reach $128.64bn in 2026, according to the…
Onafriq shuts Baxi agent banking in Nigeria over rising costs
Financial technology firm Onafriq is closing its Baxi agent banking business in Nigeria. It blamed rising operating costs, currency depreciation and growing…