The Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, has explained how funds saved from the removal of petroleum subsidy are being utilized, stressing that the money is directed towards debt servicing, implementation of the new minimum wage, and student loan support.
Finance Minister Clarifies Use of Subsidy Savings for Debt, Wages, Student Loans Read More »
The Nigerian Content Development and Monitoring Board (NCDMB) has announced plans to strengthen human capacity development in Nigeria’s oil and gas industry with the launch of a new digital certification platform.
NCDMBTo Launch Digital Certification Platform for Oil And Gas Training Providers Read More »
Nigeria’s Dangote mega-refinery announced on Thursday that it has raised $2.5 billion from private investors to finance expansion plans, including extending its refining operations into East Africa.
Dangote Refinery Raises $2.5 Billion to Boost Africa’s Fuel Output Read More »
Nigeria has taken the lead as the world’s best-performing equity market, pushing South Korea out of the top spot. Data from analytics firm Global Markets Investor shows Nigerian stocks have delivered higher dollar-based returns than Korean stocks and are now set to lead global markets for 2026.
Nigeria Overtakes South Korea as World’s Best-Performing Equity Market in 2026 Read More »
The Nigerian National Petroleum Company (NNPC) Limited has entered into six strategic gas agreements with key industry players to boost domestic gas use, shore up energy security, and push Nigeria’s industrial growth.
NNPC Signs 6 Major Gas Deals to Drive Energy Security, Industrialisation Read More »
The Federal Government has stepped up efforts to prepare Nigerian digital enterprises to leverage opportunities under the African Continental Free Trade Area. It has also rolled out macroeconomic reforms, regulatory measures and market integration strategies aimed at broadening cross-border digital commerce across the continent.
Nigeria Unveils Reforms to Unlock AfCFTA Digital Trade Potential Read More »
The Central Bank of Nigeria has withdrawn the operating permits of 46 microfinance banks nationwide. The apex bank attributed the decision to several regulatory breaches, such as failure to meet minimum capital requirements, insolvency, prolonged inactivity, and non-commencement of operations after licensing.
CBN Withdraws Operating Licenses of 46 Microfinance Banks for Breaching Regulation Read More »
By Emmanuel Onyedika The Federal Government has cautioned petroleum marketers against selling Premium Motor Spirit (PMS), commonly known as petrol, at prices that fail to reflect the recent decline in global crude oil prices. The warning was issued by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) in a statement signed by its spokesperson,
FG Warns Petroleum Marketers Against Excessive Pricing Read More »
The Federal Government has directed the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to ensure petroleum marketers do not exploit Nigerians through excessive pricing in the deregulated downstream market.
FG Orders Marketers to Reduce Fuel Price Read More »
The Central Bank of Nigeria has instructed commercial banks, payment service banks, and other regulated financial firms to immediately freeze all accounts, funds, and transactions tied to six people and four Bureau de Change operators flagged for terrorism financing.
CBN Orders Banks to Block Assets of 6 Individuals, 4 BDCs Over Terror Funding Claims Read More »
