Petrol Price War Escalates as Dangote Accuses NMDPRA Chief of $5m School Fees Scandal
Nigeria’s intensifying petrol price war took a dramatic turn on Sunday as Aliko Dangote, President of the Dangote Group, publicly…
Category: Business
Dangote Sets New Petrol Pump Price at ₦739 per Litre, Targets Nationwide Cut
The Dangote Petroleum Refinery has announced a new petrol pump price of ₦739 per litre, a move expected to bring…
E-Invoicing in Nigeria: Is FIRS Revolutionizing Real-Time Tax Monitoring?
Nigeria is taking a bold step in modernizing tax administration with the introduction of e-invoicing through the Federal Inland Revenue…
Nigeria’s Fuel Import Bill Hits N1.28 Trillion in Q3 2025 Amid Rising Domestic Refining Hopes
Nigeria spent a staggering N1.28 trillion on fuel imports in the third quarter of 2025, according to data released by…
Nigeria Issues First Gas Trading Licence to Boost Market Transparency and Liquidity
Nigeria has taken a major step to modernize its domestic gas market by issuing the country’s first Gas Trading Licence…
Expansion of Asset Classes in ISA 2025 Set to Boost Nigerian Capital Market, Says CSCS
The Central Securities Clearing System (CSCS) Plc has hailed the recent expansion of recognised asset classes under the Investment and…
BERGER Paints, JAPAULGOLD Lead Gains as Nigerian All-Share Index Rebounds to N94 Trillion
The Nigerian All-Share Index (ASI) surged on December 11, 2025, closing at 147,950.59 points, a gain of 1,088.58 points or…
MTN Leads Market Rally as Nigerian Stocks Gain N694 Billion
Equities on the Nigerian Stock Exchange rebounded strongly yesterday, led by gains in MTN Nigeria Communications and 30 other prominent…
Nigerian Equity Market Rebounds with N694 Billion Gain as Investors Return
The Nigerian equity market staged a strong rebound on Thursday, recovering N694 billion after a week of losses as investors…
Naira Holds Steady at N1,950/£1 as British Pound Faces Economic Pressure
The Nigerian naira has shown resilience against the British pound, trading at N1,950/£1 in the official market. This represents a…
CBN Tightens Oversight as Nigerian Banks Boost Capital to Strengthen Financial Stability
Nigerian banks are stepping up their capital base as the Central Bank of Nigeria (CBN) enforces stricter oversight to maintain…
AI Key to Unlocking Africa’s $3.4tn AfCFTA Market, Experts Say
Artificial intelligence (AI) is set to be the driving force behind the African Continental Free Trade Area (AfCFTA), reshaping cross-border…
Nigeria’s Trade Surplus Hits N6.69tn in Q3 2025 as Exports Outpace Imports
Nigeria posted a trade surplus of N6.69 trillion in the third quarter of 2025, reflecting a 27.29% year-on-year growth and…
European Markets Rise as Swiss Central Bank Holds Rates at 0% Amid Cooling Inflation
European stocks closed higher on Thursday as investors weighed the U.S. Federal Reserve’s latest rate cut and the Swiss National…
Nigeria’s Oil Output Rises by 35,000 bpd in November as Production Recovery Strengthens
Nigeria recorded one of its strongest month-on-month production boosts in 2025, as crude output climbed to 1.436 million barrels per…
Reps Push Major Reforms to Strengthen Transparency and Oversight at CBN
The House of Representatives has begun formal steps to overhaul the Central Bank of Nigeria (CBN) Act, seeking stronger transparency,…
Dangote Refinery Receives Second Ghana Crude Shipment as Maintenance Cuts Intake
The Dangote Petroleum Refinery has received its second crude oil shipment from Ghana, strengthening its shift toward West African feedstocks…
Non-Interest Banking in Ghana: BoG Requires 60% Foreign Currency Capital for Foreign Banks
The Bank of Ghana (BoG) has unveiled a new regulatory framework aimed at tightening oversight of the country’s growing non-interest…
FCMB Asset Management Upgraded to A(IM) Rating by Agusto & Co., Strengthening Investor Confidence
FCMB Asset Management Limited (FCMBAM), the asset management arm of FCMB Group Plc, has received a significant rating upgrade from…
FG Captures N4tn Power Sector Bond in MTEF to Boost Investor Confidence
The Federal Government has announced that the newly launched N4tn power sector liquidity bond, designed to settle long-standing debts owed…
Modern Infrastructure Key to Nigeria’s AI Leadership, Says Schneider Electric
Schneider Electric has emphasized that the next era of global artificial intelligence (AI) leadership will be driven more by the…
Pension Fund Assets Rise to N26.66 Trillion as PenCom Cracks Down on Defaulters
Nigeria’s total pension fund assets under the Contributory Pension Scheme (CPS) increased by 2.2% month-on-month to N26.66 trillion in October…
Dangote Refinery Boosts Petrol Supply by 38% Amid Rising Imports
Nigeria’s domestic petrol supply saw a significant boost in November 2025, with the Dangote Refinery contributing 23.52 million litres per…
Bank of Ghana Urges Fintechs to Strengthen Compliance, Consumer Protection, and Fight Financial Crime
The Bank of Ghana (BoG) has called on fintech companies, mobile money operators, and financial institutions to strengthen compliance and…
Nigerian Stock Market Dips 0.05% as JAPAULGOLD and Mid-Cap Stocks Rally
The Nigerian stock market closed slightly lower on December 10, 2025, with the All-Share Index (ASI) dipping 0.05% to 146,862.0…
Nigeria’s Petrol Consumption Drops to 52.9 Million Litres in November Amid Rising Local Refinery Output
Nigeria’s petrol consumption declined to 52.9 million litres per day in November, signaling a slight slowdown in fuel demand across…
Nigeria and China Strengthen Agricultural Partnership with $200M Poultry Project
Nigeria is taking a major step toward transforming its agricultural sector as a high-level delegation led by Kaduna State Governor…
Nigeria, France Seal Tax Administration Deal to Power Digital Reforms Ahead of 2026 Transition
Nigeria has taken another major step toward modernising its tax system as the Federal Government signed a groundbreaking cooperation agreement…
CBN Caps Cash Payments for PTA/BTA at 25% Under New Forex Rules
The Central Bank of Nigeria (CBN) has announced a new policy limiting cash payouts for Personal Travel Allowance (PTA) and…
European Markets Struggle to Gain Momentum as Fed Rate Cut Fails to Lift Global Sentiment
European markets are poised for a muted open on Thursday as investors sift through the U.S. Federal Reserve’s latest interest…