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Musk to Shut Down US Spacecraft Program After Fallout with Trump
SpaceX founder Elon Musk has announced that his company will begin shutting down its Dragon spacecraft operations, following…
Tesla Stock Drops 14% as Musk-Trump Feud Erupts Over Spending Bill, Government Deals
Shares in Tesla took a steep fall on Thursday, sinking by 14% and slashing the company’s market value…
Naira Rises to N1,615/$ in Parallel Market
The naira yesterday appreciated against the United States dollar in both the parallel market and the official Nigerian…
Naira Rises to N1,620/$ in Parallel Market
The naira yesterday depreciated against the US dollar in the parallel market, sliding to N1,620 per dollar from…
USSD Charges Now to Be Deducted from Airtime, Not Bank Accounts – UBA
Starting from June 3, 2025, customers who use the Unstructured Supplementary Service Data (USSD) banking service with United…
Fuel Price Could Fall to N800 as Marketers Partner with Dangote Refinery
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has said that the price of Premium Motor Spirit, also…
Naira Appreciates to N1,610/$ in Parallel Market
The naira appreciated to N1,610 per dollar in the parallel market on Wednesday, improving from N1,620 per dollar…
Naira Falls to N1,620/$ in Parallel Market
The Naira weakened further on Tuesday, dropping to N1,620 per dollar in the parallel market, compared to N1,615…
Trump Warns Apple of 25% Tariff on iPhones Made Outside US
US President Donald Trump on Friday issued a warning to Apple, stating that a steep tariff would be…
BREAKING: Again, Dangote Slashes Petrol Price Nationwide
The Dangote Petroleum Refinery has introduced a new nationwide reduction in petrol pump prices, bringing relief to many…
Naira Strengthens Against Dollar in Both Official and Parallel Markets
The naira on Wednesday appreciated against the dollar across official and parallel foreign exchange markets, bringing some relief…
Naira Rises to N1,620/$ in Parallel Market
The naira gained slightly on Tuesday, trading at N1,620 per dollar in the parallel market, up from N1,625…
CBN Slashes FG Loans by N4tn
The Central Bank of Nigeria recorded a significant decline in net loans and receivables in 2024, reducing its…
NNPCL Failed to Remit N500bn in 2024 Despite Subsidy Removal – World Bank
The World Bank has raised new concerns about Nigeria’s oil revenue management, revealing that the Nigerian National Petroleum…
Naira Depreciates to N1,635/$ in Parallel Market
The naira yesterday weakened further against the U.S. dollar in the parallel market, falling to N1,635/$ compared to…
Naira Records Highest Appreciation Against Dollar
The naira recorded its strongest gain in recent weeks, closing at N1,600.44 per dollar at the official market…
Dangote Refinery Reduces Petrol Price to N825 per Litre
The Dangote Petrolchemicals Refinery has quietly reduced the cost of petrol for its customers by offering a N10…
We’re Not Competing With NNPC — Dangote
Aliko Dangote, the President and Chief Executive Officer of Dangote Group, has made it clear that his company’s…
Tariff Hike: Nigeria’s Internet Users Decline – Report
Nigeria’s telecommunications sector is seeing a shift as new data from the Nigerian Communications Commission (NCC) shows a…
Bill Gates to Give Away 99% of His Fortune
Bill Gates, the billionaire co-founder of Microsoft, revealed his ambitious plan to donate almost all of his $200…
Warri Refinery Shuts Down as Staff Begin Indefinite Strike
Protesting support staff at the Warri Refining and Petrochemical Company (WRPC) in Delta State have shut down the…
Naira Hits New Low, Drops to N1,625 Per Dollar
The naira recorded the steepest drop against the US dollar in the parallel market on Wednesday, May 7,…
Major Marketers, Not New NNPC Board, Frustrating My Refinery — Dangote
The President of Dangote Group, Aliko Dangote, has stated clearly that the difficulties surrounding his $20 billion refinery…
Naira Appreciates to N1,600/$ in Parallel Market
The naira, on Monday, showed a small improvement in value against the United States dollar, both in the…
NIPOST to End Cash Payments July 1
The Nigerian Postal Service (NIPOST) has unveiled a major transformation plan aimed at modernizing its services to meet…
‘Cabals’ Still Fighting Against Our Refinery — Dangote
The President of Dangote Group, Aliko Dangote, says his battle to protect Nigeria’s largest refinery from sabotage is…
JUST IN: NNPCL Reduces Petrol Price
Nigerian National Petroleum Company Limited (NNPCL) has again reviewed its pump price for Premium Motor Spirit (PMS), commonly…
Meta’s Exit Threat Won’t Cancel Legal Troubles in Nigeria – FCCPC
The Federal Competition and Consumer Protection Commission (FCCPC) has firmly stated that Meta Platforms Inc. cannot avoid its…
FG Summons Air Peace Over Flight Delay, Airline Explains Challenges
The Federal Government, through the Nigerian Civil Aviation Authority (NCAA), has officially summoned Air Peace Limited due to…
Naira Drops by 0.34% Against Dollar at Official Market
The Nigerian Naira ended the week weaker against the U.S. dollar, falling by 0.34% at the official exchange…
Meta Threatens Facebook, Instagram Shutdown in Nigeria Over $290m Fine
Meta, the parent company behind Facebook and Instagram, has warned it may shut down both platforms in Nigeria…
Petrol Landing Cost Now N870, Higher Than Dangote’s Price
The landing cost of petrol in Nigeria has now climbed beyond the Dangote Refinery’s selling price, putting pressure…
Ibom Air Resumes Flights to Enugu
Ibom Air is set to resume its flight services to and from Enugu starting from Sunday, May 4,…
NDIC Begins First Phase of N46.6bn Payout to Heritage Bank Depositors
The Nigeria Deposit Insurance Corporation has started paying N46.6bn as the first batch of liquidation dividends to customers…
“I’m Honored and Excited’ – Dangote Expresses Gratitude Over World Bank’s Appointment
The President and Chief Executive Officer of Dangote Group, Aliko Dangote, has expressed his appreciation for his recent…
Kyari: Forensic Audit of NNPCL Inevitable, Says Finance Minister Wale Edun
Nigeria’s Minister of Finance, Wale Edun, says a forensic audit of the Nigerian National Petroleum Company Limited (NNPCL)…
Air Peace Shuts Flight Operations Nationwide
Air Peace, one of Nigeria’s major airlines, has announced the suspension of all its domestic flight operations effective…
NNPCL Records N336bn from Crude Sales in Q1 2025, Dangote Refinery Accounts for Over 30%
The Nigerian National Petroleum Company Limited (NNPCL) earned a total of N336.37 billion from crude oil sales in…
SEC Cautions Influencers and Celebrities Over Illegal Investment Promotions
The Securities and Exchange Commission (SEC) has issued a stern warning to Nigerian social media influencers, celebrities, and…
Nine Nigerian Banks Records N14tn in Loan Interest as Real Sector Groans Under High Borrowing Costs
Nine Nigerian banks reported a massive N14.26 trillion in combined interest income from loans and advances to customers…
Ojulari Vows to Attract $60bn Investment, Boost Crude Output to 3 Million Barrels Daily by 2030
Mr Bashir Ojulari, the new Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPC…
Naira Falls to N1,620/$ in Parallel Market
The naira recorded, on Wednesday, further drop in value in the parallel market, closing at N1,620 to a…
N800 Per Litre Petrol Price on Sight as Oil Prices Drop
The recent reduction in global crude oil prices and the renewed naira-for-crude agreement for local refiners could soon…
My Wife and I Lost Over N11m to CBEX Scam — Victim
On Wednesday, the usually quiet Egbeda-Idimu area of Lagos became a scene of tension and confusion after dozens…
BREAKING: Dangote Refinery Slashes Petrol Price to N835 Per Litre
The Dangote Petroleum Refinery has once again announced a reduction in the price of Premium Motor Spirit (PMS),…
Naira Rises to N1,618/$ in Parallel Market
The naira yesterday appreciated slightly in the parallel market, moving up to N1,618 per US dollar, compared to…
Interpol Joins EFCC in CBEX N1.3tn Fraud Investigation
The Economic and Financial Crimes Commission (EFCC) has launched a full investigation into the massive digital fraud connected…
JUST IN: Inflation Rate Rises to 24.23%
The National Bureau of Statistics (NBS) has revealed that the inflation rate for March 2025 rose to 24.23%,…
Can I Still Withdraw My Money on CBEX or Is It Over? Here’s All You Need to Know
Nigerians on several social media platforms are now voicing deep frustration and confusion after discovering that CBEX, a…
Things to Know About the CBEX Digital Trading Platform Collapse
Investors have been left in shock and financial distress following the unexpected crash of China Beijing Equity Exchange…
CBEX: Nigerians Count Losses as Digital Trading Platform Allegedly Wipes Out N1.3tn
Nigerians took to social media in frustration on Monday after reports surfaced that a digital trading platform known…
Nigerian Banks Set for Recapitalisation – CBN
The Central Bank of Nigeria (CBN) has confirmed that Nigerian banks are well on course for the ongoing…
Nigeria’s Crude Oil Reserves Reach 37.28 Billion Barrels, Gas Reserves Hit 210.54 TCF – NUPRC
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has officially announced the nation’s updated petroleum reserves figures, revealing substantial…
Naira Records Highest Appreciation Against Dollar Since Trump’s Tariff Pause
The naira has experienced its highest appreciation against the US dollar in recent times, following a pause in…
8 DisCos Fined N628m for Overbilling Unmetered Customers
The Nigerian Electricity Regulatory Commission (NERC) has taken action against eight power distribution companies for billing customers more…
Tariff War Between US and China May Slash Trade by 80%, Warns WTO Chief
The Director-General of the World Trade Organization, Ngozi Okonjo-Iweala, has said the ongoing trade dispute between the United…
BREAKING: Dangote Refinery Slashes Petrol Price to N865 Per Litre
Dangote Petroleum Refinery has reduced its ex-depot petrol price from N880 to N865 per litre. This adjustment was…
Fuel Prices Expected to Drop as FEC Renews Naira-for-Crude Deal
Fuel prices in Nigeria are expected to drop soon following the decision of the Federal Government to continue…
FEC Orders Full Implementation of Naira-for-Crude Deal
The Federal Executive Council (FEC) has officially approved the full implementation of the Naira-for-Crude initiative. M The Ministry…
Tarrif War: US Slams Nigeria’s Import Ban on 25 Items
The United States has expressed concerns over Nigeria’s import ban on 25 specific items, stating that it limits…
BREAKING: Diamond Bank Founder Pascal Dozie Dies at 85
Respected Nigerian banker and businessman Pascal Gabriel Dozie has passed away at the age of 85. The renowned…
FG to Assess Impact of Global Tariff War – Finance Minister Edun
Nigeria’s Finance Minister, Mr. Wale Edun, announced that the government would be reviewing the ongoing global tariff disputes…
Naira Depreciates to N1,629/$ in Official Market
The naira weakened further in the Nigerian Foreign Exchange Market (NFEM) on Monday, falling to N1,629 per dollar.…
US Imports $643m Nigerian Goods in Two Months – Report
Goods worth approximately $643.1 million were imported by the United States from Nigeria during the first two months…
CNG: We’ll Roll Out 150 New Stations Within 18 Months – Presidential Initiative
The Presidential Compressed Natural Gas Initiative (PCNGI) is set to deploy 150 new CNG refueling stations across Nigeria…
FULL LIST: Saudi Arabia Suspends Visa for Nigeria, Egypt, 12 Other Countries
Saudi Arabian authorities have temporarily stop issuing certain types of visas to travelers from 14 countries, including Nigeria,…
We’ll Make Nigeria Self-sufficient in Cement, Petroleum – Dangote
Dangote Industries Ltd. has restated its goal of helping Nigeria reduce its reliance on imported goods by building…
Former Aviation Minister Applauds Sterling Bank’s Zero Transfer Fees
Sterling Bank’s announcement to completely remove transfer charges from its online banking platform has attracted praise from former…
CBN Injects $197.71m to Stabilise Forex Market
The Central Bank of Nigeria (CBN) has made a significant intervention in the foreign exchange market, injecting $197.71…
WTO Warns US Tariffs May Shrink Global Trade
The World Trade Organization (WTO) has raised concerns over the potential negative effects of new tariffs imposed by…
Why the Crude-for-Naira Deal Should End — Oil and Gas Expert
Oil and gas expert Ademola Adigun has called for an end to the ongoing crude-for-naira arrangement between the…
UBA, Zenith, Four Other Banks Paid Over N751bn Tax To FG In 2024
Six major Nigerian banks collectively paid a total of N751.8 billion in income tax to the Federal and…
Dangote, NNPCL Deal: More Fuel Stations Increase Pump Price
The price of Premium Motor Spirit (PMS), commonly known as fuel, has risen sharply in Nigeria, adding to…
Naira Records Highest Depreciation Against Dollar Amid Trump’s tariff War
The Nigerian naira has suffered its steepest drop against the U.S. dollar in the official foreign exchange market,…
REVEALED: Nigeria Imports Over $3bn Worth of Goods from US Amind Tariff Tensions
Data from the 2023 Observatory of Economic Complexity (OEC) has revealed that Nigeria imported goods worth a staggering…
Arik Air Airlifts 2.2m Passengers in 2024, Ranks Second in Nigeria’s Domestic Market
According to a recent report from the Nigeria Civil Aviation Authority (NCAA), Arik Air transported 2,239,176 passengers across…
Sterling Bank Declares ‘No More Transfer Fees,’ Charges Other Banks to Follow Suit
Sterling Bank has taken a bold step to alleviate the financial burden on its customers by announcing that…
Petrol Prices May Drop to ₦750 Per Litre by Year-End, Says NIPSS
The National Institute for Policy and Strategic Studies (NIPSS) has assured Nigerians that the price of petrol is…
Naira-for-Crude: FG, Dangote Set for Talks as Imports Hit 12.6m Barrels
Discussions are set to resume between the Federal Government, the Nigerian National Petroleum Company Limited (NNPCL), and Dangote…
Petrol Prices Set to Rise More Amid Domestic Dispute, Crude Price Hike
Nigerians should expect an increase in petrol prices following the expiration of the Crude for Naira agreement between…
Naira Gains Strength in Parallel Market, New Rate Revealed
The Naira saw an improvement in the parallel market, strengthening to N1,560 per dollar from N1,570 per dollar…
BREAKING: NNPCL Set to Sell Shares
The Nigerian National Petroleum Company Limited (NNPCL) is in the final stages of preparation for its much-anticipated listing…
MTN, Airtel Sign Deal to Expand Network Coverage in Nigeria and Uganda
MTN Group and Airtel Africa have signed agreements to share network infrastructure in Nigeria and Uganda. This partnership…
PETROAN Commends NNPCL for Running Port Harcourt Refinery for 180 Days Without Interruption
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has praised the Nigerian National Petroleum Company Limited…
We’re Making Progress in Stabilising FX Market, Curbing Inflation – CBN
The Central Bank of Nigeria (CBN) has noted progress in stabilizing the country’s foreign exchange (FX) market and…
Naira Strengthens to N1,575 per Dollar in Parallel Market
The Nigerian naira appreciated to N1,575 per dollar in the parallel market on Tuesday, March 25, 2025, improving…
Samsung Co-CEO Han Jong-Hee Passes Away at 63
Samsung Electronics co-CEO Han Jong-Hee has passed away at the age of 63. Han, who played a major…
Dangote Refinery, Others May Spend $1.4 Billion Monthly on Crude Imports
The Dangote Petroleum Refinery and several modular refineries in Nigeria may need to spend around $8.56 billion over…
Naira-for-Crude: Marketers Fear Price Hike as FG Suspends Sale to Dangote
The suspension of petroleum product sales in naira by the Dangote Petroleum Refinery has caused concern among fuel…
Ibadan Airport Temporarily Closed, Says FAAN
The Federal Airports Authority of Nigeria (FAAN) has confirmed the temporary closure of Samuel Ladoke Akintola Airport in…
How a Single Fire Completely Shuts Down Europe’s Busiest Airport, Left Thousands Stranded
A fire at an electricity source, on Friday, caused a massive shutdown at London Heathrow Airport, the busiest…
Naira-for-Crude Crisis: Petrol Imports Rise to 154m Litres Weekly
Nigeria’s petrol imports have risen significantly, with seven vessels carrying Premium Motor Spirit (PMS) expected to arrive at…
‘We Are Not Hiring’ – NNPCL Warns Public About Fake Recruitment Advertisements
The Nigerian National Petroleum Company Limited (NNPCL) has cautioned the public about fraudulent job advertisements circulating online. The…
Fuel Prices May Rise as Dangote, NNPCL Naira-for-Crude Talks Stall
The Dangote Petroleum Refinery has temporarily stopped selling petroleum products in naira. This decision follows unsuccessful negotiations between…
Dangote Refinery Halts Petrol Sales in Naira
Dangote Petroleum Refinery has temporarily stopped selling petroleum products in naira. The decision, announced in a notice sent…
Abuja Court Dismisses NNPC’s Objection in N100 Billion Dangote Refinery Suit, Adjourns Case to May 6
The Federal High Court in Abuja has dismissed an objection raised by the Nigerian National Petroleum Company Limited…
Produce Your Approval for Demolished Factory, Amosun Fires Back at Dangote
Former Ogun State Governor Ibikunle Amosun has called on business mogul Aliko Dangote to provide evidence of government…
Dangote Plans Nigeria’s Largest Seaport in Ogun, Resumes $800M Cement Project
Aliko Dangote, the President and Chief Executive of Dangote Industries Ltd, has announced plans to develop the largest…
Nigeria’s Inflation Drops to 23.18% in February, NBS Reports
According to a recent report from the National Bureau of Statistics (NBS), Nigeria’s inflation rate declined for the…
Arik Air Must Repay N455 Billion Debt – AMCON Insists
The Asset Management Corporation of Nigeria (AMCON) has reaffirmed its commitment to recovering the outstanding debt of over…