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A Federal High Court sitting in Abuja has ordered Nigerian National Petroleum Company Limited (NNPCL) to supply information regarding the emergency $3 billion “crude-for-cash” loan obtained...
Complicates Nigeria’s fiscal fragility, threatens naira stability • OPEC weighs in as eight members meet over supply cut Geopolitical developments in Venezuela and the prospect...
Despite its transition into a commercial entity, the Nigerian National Petroleum Company Limited is grappling with mounting financial pressure as unviable and underperforming subsidiaries deepen inter-company...
Officials of the the Dangote Petroleum Refinery have said that the plant pumped 43.3 million litres of Premium Motor Spirit (petrol) into the Nigerian market on...
Nigeria’s banking industry shut 229 physical branches in one year as customers increasingly relied on point-of-sale (POS) terminals for daily transactions. Data from the Central Bank...
Nigerians withdrew a net N264.48bn from the banking system in November 2025, pushing the total cash held outside banks to N4.91tn, according to the Central Bank...
Companies and statutory bodies that award contracts to unregistered persons will face a N5 million administrative penalty under Nigeria’s tax law. According to the provisions of...
Nigeria is poised for its biggest economic boom in at least a decade in 2026, driven by developments such as the implementation of the harmonised tax...
As Nigeria prepares for the first year of implementation of its tax reforms, questions are emerging over whether the new framework will increase public revenue without...
Fidelity Bank Plc, on Friday, announced the appointment of Mrs Amaka Onwughalu as new Chairman of its Board of Directors with effect from Jan. 1. A...