Telcos gain direct access to USSD revenue under new framework
Telecommunications operators in Nigeria can now directly access revenue generated from Unstructured Supplementary Service Data services, following the approval of a new…
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CBN confirms close monitoring of banks under forbearance
The Central Bank of Nigeria has announced that banks benefiting from forbearance measures are under strict monitoring, as part of ongoing efforts…
Nigeria retains top spot as Africa’s largest oil producer — OPEC
Nigeria maintained its position as Africa’s leading crude oil producer in May, despite a slight decline in output, the Organisation of the…
Nigeria’s inflation falls to 22.97% in May – NBS
Nigeria’s headline inflation rate fell to 22.97 per cent in May 2025, marking the second straight month of decline. This was disclosed…
Dangote fuel rollout may create hidden monopoly, PETROAN warns
The Petroleum Products Retail Outlets Owners Association of Nigeria has raised concerns that Dangote Refinery’s plan to distribute diesel and petrol nationwide,…
Crude prices jump amid escalating Israel-Iran tensions
Crude oil futures surged Sunday as Israel launched attacks on two natural gas sites in Iran, stoking fears of broader conflict and…
Dangote refinery to begin nationwide fuel distribution in August
Dangote Petroleum Refinery has announced plans to commence the nationwide distribution of Premium Motor Spirit and diesel starting August 15, 2025. This…
EU celebrates 40 years of border-free travel
The European Union Commission has launched a campaign to celebrate the 40 years since the signing of the Schengen Agreement. Signed on…
Banks, telcos still testing end-user billing model – NCC
Sources at the Nigerian Communications Commission have dismissed recent claims by banks that deductions for Unstructured Supplementary Service Data charges from customers’…
CBN orders struggling banks to halt dividends, bonuses
The Central Bank of Nigeria has mandated banks under regulatory forbearance to halt dividend payouts, postpone executive bonuses, and suspend investments in…
Oil prices surge by 13% after Israeli strikes on Iran
Crude futures spiked as much as 13 per cent Thursday evening after Israel launched airstrikes on Iran without United States backing, raising…
Lone survivor of Air India crash escaped via emergency exit – Police
Officials have confirmed that a lone passenger survived after an Air India flight crashed in the northwestern city of Ahmedabad. According to…