Category: featured

Naira drops to ₦1,398/$, weakest since January

The Naira weakened further at the end of the trading week, closing at N1,398 per...

Nigeria maintains growth momentum with February PMI above 56

Nigeria’s economic activity maintained strong growth momentum in February 2026, with the composite Purchasing Managers’...

Google CEO Sundar Pichai set for $692m pay package

The CEO of Google and its parent company Alphabet could earn up to $692 million...

CBN confirms 30 banks meet recapitalisation targets

Nigeria’s banking sector recapitalisation drive has gained significant traction, with 30 banks already meeting the...

Kuwait cuts crude oil production as storage tanks overflow

Kuwait has begun cutting production at some oil fields after running out of room to...

JUST IN: Dangote Refinery raises petrol gantry price to ₦995/litre

The Dangote Petroleum Refinery has increased its Premium Motor Spirit gantry price to ₦995 per...

Brent oil hits $87 amid US-Israel-Iran war

Crude oil prices have surged dramatically toward their largest weekly gain in nearly six years,...

Nationwide blackout looms as national grid suffers fresh decline

Nigeria’s national grid has recorded another decline in power generation, worsening electricity supply across the...

Naira holds steady at ₦1,385/$ in March’s first trading week

The Naira maintained a stable yet slightly softened position against the United States Dollar as...

Textile sector GDP falls to ₦4.384trn in 2025

Nigeria’s cotton, textile, and garment industry experienced a continued downward trend in 2025. The sector’s...

12 states have enacted tax harmonisation law — Oyedele

At least 12 states in Nigeria have enacted the tax harmonisation law, which is regarded...

Liquidity tightens as CBN withdraws N13.41tn from financial system

The Central Bank of Nigeria pulled N13.41 trillion from the financial system in January 2026,...