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Surging diesel prices are threatening to choke Nigeria’s vast generator economy, as the conflict in the Middle East tightens supplies of both the industrial fuel and...
Nigeria could reap as much as N30 trillion in additional oil revenue if Middle East tensions push crude toward $130 a barrel, handing President Bola Tinubu’s...
…Customers get option to opt out of instant transfers The Central Bank of Nigeria (CBN) has capped transactions on newly activated mobile banking applications at...
The Nigerian rice sector, which has attracted significant local and foreign investment, is on the verge of total collapse due to a renewed surge in importation,...
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...