Nigeria’s inflation drops to 23.71% in April
Nigeria’s inflation rate eased to 23.71% in April 2025, down from 24.23% in March, according to latest data from the National Bureau…
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Nigeria attracted over $8b in deepwater, gas investments – Presidency
The Federal Government has stated Nigeria has attracted more than $8 billion in investments for deepwater and gas projects within a single…
IMF warns AI power surge could strain global energy systems
The International Monetary Fund raised alarms on Tuesday about the escalating electricity demands of artificial intelligence data centers, warning that the surge…
Crude oil drilling in the North to resume soon, says NNPCL
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Bayo Ojulari, has confirmed that the company will soon resume…
Dangote refinery slashes petrol price to ₦825 per litre
Dangote Petrochemicals Refinery has quietly reduced the ex-gantry price of Premium Motor Spirit, commonly known as petrol, to N825 per litre, undercutting…
Dangote defends refinery, insists it can meet Nigeria’s fuel needs
The Dangote Petroleum Refinery has pushed back against recent claims by oil marketers that it cannot meet Nigeria’s fuel demands, insisting the…
PAPSS hails CBN’s move to simplify transaction documentation in Nigeria
The Pan-African Payment and Settlement System has welcomed a new circular from the Central Bank of Nigeria, which simplifies the documentation requirements…
GPUs are the ‘currency’ for AI researchers – Nvidia VP
The Vice President of Applied Research at Nvidia, Jonathan Cohen, has stated that the pace of AI research is largely determined by…
CBN allocates N306bn for staff severance, related costs
The Central Bank of Nigeria disclosed that it spent N306.63 billion in 2024 on staff expenses and exit packages for former employees…
ECOWAS laments expensive airfares in West Africa
The Economic Community of West African States has raised alarm over the soaring cost of air travel within the region, describing it…
NIS flags passports of officials linked to refinery funds scandal
The Nigerian Immigration Service has flagged the passports of certain officials implicated in the alleged mismanagement of funds meant for the rehabilitation…
Naira printing costs surge by 306%
The Central Bank of Nigeria spent ₦315.18 billion on currency issue expenses in 2024, representing a sharp 306% increase from the ₦77.67…