Reps order CBN to halt new ATM charges policy
The House of Representatives directed the Central Bank of Nigeria to immediately suspend the implementation of increased ATM transaction charges and the…
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REA targets ₦1trn as FG approves renewable asset firm establishment
The Rural Electrification Agency has received approval to establish a renewable asset management company in Nigeria. This initiative aims to sustain the…
Aviation unions demand Customs Chief’s removal over clash with FAAN security
Aviation workers have issued a 14-day ultimatum to the Federal Government, demanding the removal of the Area Controller of the Nigeria Customs…
Nigeria’s fuel imports hit N930bn despite local refining growth
Nigeria imported fuel and diesel valued at about N930 billion in February 2025, despite increasing local refining capacity, raise concerns about policy…
SEC warns public against Pro-Vest, other unregistered investment schemes
The Securities and Exchange Commission has issued a warning to the public regarding unregistered investment schemes, specifically highlighting Promiseland Estates Limited, Promiseland…
Oil prices head for biggest weekly drop since October
Oil prices held steady on Friday but were set for their biggest weekly drop since October, as uncertainty over United States tariff…
NGX posts first March gain, adds N216bn in market value
The Nigerian Exchange recorded its first gain in March, with renewed investor interest boosting market capitalization by N216 billion to N66.9 trillion.…
OpenAI, Oracle to power Stargate site with Nvidia AI chips
OpenAI and Oracle are preparing to equip a massive new data center in Texas with tens of thousands of Nvidia AI chips…
Nigeria exceeds OPEC quota with 70,000 bpd surplus in February
Nigeria’s crude oil production increased in February, 2025 with the country producing approximately 70,000 barrels per day above its Organization of the…
Operators challenge NPA’s mandatory port pass requirement
Freight forwarders under the National Association of Government Approved Freight Forwarders have raised concerns over the Nigerian Ports Authority’s newly introduced mandatory…
Japanese firm unveils world’s most accurate clock, priced at $3.3m
Shimadzu Corp, a precision equipment manufacturer based in Kyoto, Japan, has launched the world’s first commercially available strontium optical lattice clock. With…
Expert predicts further drop in petrol prices till mid-2025
The Managing Director of Financial Derivatives Company Limited, Bismarck Rewane, has projected that petrol prices in Nigeria are indeed expected to decrease…