ECONOMY
-
Naira falls to N1,600/$ in official market
NFEM experienced a N1,600 per dollar depreciation of the Naira today that exceeded the three-month N1,500 per dollar limit. The…
Read More » -
NNPC: More fuel stations increase pump price in Nigeria
The price of Premium Motor Spirit (PMS), commonly known as fuel, has surged significantly in recent days, potentially exacerbating the…
Read More » -
JP Morgan to obtain merchant Banking license in Nigeria – Report
According to reports JP Morgan continues to progress toward improving its Lagos representative office into an operational business branch which…
Read More » -
Sterling Bank leads protest for removal of bank transfer charges
In a groundbreaking step toward customer-centric banking in Nigeria, Sterling Bank has led the push for major banks to eliminate…
Read More » -
CBN denies ₦5,000, ₦10,000 banknote rumor
The Central Bank of Nigeria (CBN) denied reports about introducing N5,000 and N10,000 banknotes for cash transaction facilitation because it…
Read More » -
Petrol price goes up in Lagos
Petrol marketers throughout Lagos have raised pump prices to a range of N925 to N935 per litre, attributing this increase…
Read More » -
Aliko Dangote, Nigerians named in the 2025 Forbes billionaires list
Aliko Dangote, Mike Adenuga, Abdulsamad Rabiu, and Femi Otedola have been named in the 2025 Forbes billionaires list, highlighting Africa’s…
Read More » -
Nigerian company files N4.1 billion lawsuit against CBN
Zumax Nigeria Limited, an oil services company, has filed a lawsuit against the Central Bank of Nigeria (CBN) seeking N4.1 billion in damages, alleging gross negligence…
Read More » -
U.S. imports 2M+ barrels of Dangote fuel
The Dangote Petroleum Refinery & Petrochemicals maintains strong global positions in the energy sector by exporting two million barrels of…
Read More » -
UBA lost ₦1.14 billion to fraud in 2024 amid record profits
United Bank for Africa (UBA) delivered ₦766.6 billion ($493 million) in profit after tax for 2024 yet the Nigerian financial…
Read More »