Ajuri Ngelale, special adviser to President Bola Tinubu on media and publicity, says his principal has promised there will be no further increase in the petrol...
Nigeria’s inflation surged to 24.08% in the month of July 2023, a 129 basis-point increase compared to 22.79% recorded in the previous month. This represents the...
Fidelity Bank Plc has passed a resolution to increase its share capital from N16 billion to N22.6 billion, paving the way for its planned public offer...
The Nigerian National Petroleum Company Limited (NNPCL) has said that it is not planning to increase fuel pump prices at its retail stations. The company made...
The Northern Chamber of Commerce Industry, Mines, and Agriculture (NACCIMA) says rice millers are shutting down operations in the commercial city of Kano due to the...
The Central Bank of Nigeria (CBN) has threatened to sanction commercial banks engaging in illegal sales of foreign exchange. This is coming on the heels of the crash of...
The widening gap between the demand and supply of dollars in the banks and at the parallel market has continued to worsen the value of the...
The Organisation of the Petroleum Exporting Countries (OPEC) says Nigeria’s oil production declined in July 2023, making the country the third largest oil producer in Africa....
A federal high court in Lagos has granted an ex-parte order freezing the bank accounts of Bryant Orjiako, ex-chairman and co-founder of Seplat Energy Plc, over...
The recent decision by President Bola Tinubu’s administration to remove fuel subsidies has sent ripples through various sectors of the Nigerian economy. Among those significantly affected...