A former director of research at the Central Bank of Nigeria (CBN), Titus Okunrounmu, has advised the federal government to construct additional refineries to strengthen Nigeria’s petroleum sector. Okunrounmu made
The pump price of premium motor spirit (PMS), also known as petrol, has increased to as high as N1,040 per litre in Lagos and N1,080 per litre in Abuja following
The Nigerian Electricity Regulatory Commission (NERC) says electricity distribution companies generated N207.49 billion from customers in December 2025. According to the regulator, the country’s 11 electricity distribution companies billed consumers
Bitcoin traded above $72,000 on Thursday, but some analysts say the cryptocurrency’s current price pattern resembles the setup that preceded the major market crash in 2022. Crypto analyst Ali Martinez,
The African Export-Import Bank (Afreximbank) has emerged as the leading arranger of loans in Africa, capturing more than 23 percent of the continent’s loan market in 2025. The bank secured
Nigeria’s National Bureau of Statistics (NBS) reports that Company Income Tax (CIT) collections rose to N2.96 trillion in the third quarter of 2025, marking a 6.55% increase from N2.78 trillion
Tantalizers Plc has posted a pre-tax profit of N83.6 million for the financial year ended December 2025, marking a turnaround from the N259.5 million loss recorded in 2024. The company’s
Nigeria’s two largest telecom operators, MTN Nigeria and Airtel Nigeria, generated a combined N3.6 trillion from data services in 2025, reflecting a sustained surge in internet consumption across the country.
Guaranty Trust Holding Company Plc (GTCO) has appointed Marie Namias as an independent non-executive director, further expanding the expertise on its board. The announcement was made in a statement issued
The Nigerian National Petroleum Company Limited (NNPCL) has increased the pump price of Premium Motor Spirit (PMS) to N960 per litre at its retail outlets in Abuja, up from N875,
