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The Dangote Petroleum Refinery has reversed its recent price reduction, raising its ex-depot price for Premium Motor Spirit back to ₦1,175 per litre, a move that...
The Central Bank of Nigeria, CBN, today mandated banks to establish and maintain a temporary watchlist for Bank Verification Numbers (BVNs) implicated in suspected fraudulent transactions...
Joy Ogaji, chief executive officer (CEO) of the Association of Power Generation Companies (APGC), says gas firms are planning to stop supply to thermal power plants...
Telecommunication operators with the fifth generation (5G) licences have connected 7.2 million Nigerians to the network. The 7.2 million is 3.94 per cent of the current...
Global shipping company, CMA CGM, has announced a peak Season Surcharge (PSS) of $600 per twenty-foot equivalent unit (TEU) on all cargo shipments from China to...
The Central Bank of Nigeria (CBN) has asked commercial banks to restrict loan defaulters, specifically large-ticket obligors, from accessing credit facilities. A large ticket obligor is...
The Special Offences Court sitting in Lagos has sentenced a former director of Union Bank of Nigeria, Emmanuel Nwude, alongside two lawyers, Emmanuel Ilechukwu and Rowland...
Airlines in Nigeria are facing mounting operational pressures as the price of aviation fuel continues to surge, with Jet A1 now selling at N1,835 per litre...
The Mideast war “is creating the largest supply disruption in the history of the global oil market”, as Iran’s chokehold on regional supplies forces Gulf oil...
Nigeria spent about $5.21bn servicing external debt obligations in 2025, accounting for more than 72 per cent of the country’s total international payments during the year,...