Business & Economy
FG Panel to Reconvene on Naira-for-Crude Deal as Dangote Refinery Suspends Sales
The Federal Government’s Naira-for-Crude panel is set to reconvene on Monday to assess the continuation of the crude supply deal with Dangote Refinery, ...
Business & Economy
Dangote Refinery Temporarily Halts Naira Sales, Cites Dollar-Denominated Crude Costs
Dangote Petroleum Refinery has announced a temporary suspension of petroleum product sales in Naira, citing the need to align its sales currency with ...
Business & Economy
CBN Approves Holding Company Structure for Greenwich Merchant Bank
The Central Bank of Nigeria (CBN) has granted regulatory approval for the establishment of Greenwich Holdings Limited as a financial holding company for ...
Business & Economy
PENGASSAN Threatens Nationwide Strike Over Sterling Oil’s Alleged Anti-Labour Practices
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has issued a stern warning that it will withdraw its members from ...
Business & Economy
Nigeria Spends $817.4M on Debt Servicing in Two Months
Nigeria spent $817.4 million (approximately N1.26 trillion) on debt servicing in the first two months of 2025, marking a 3.12% decline compared to ...
Business & Economy
Kogi Set to Take Over Electricity Market, Eyes Energy Sufficiency
The Kogi State Electricity Regulatory Commission (KERC) has engaged key stakeholders in the energy sector ahead of its official takeover of the state’s ...
Business & Economy
PETROAN Warns of Billion-Naira Losses as NNPC, Dangote Refinery Slash Fuel Prices
The Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) has raised concerns over significant financial losses incurred by petrol marketers following the ...
Business & Economy
Crypto Market Tumbles 7% as Bitcoin Drops to $82,200
The global cryptocurrency market has suffered a sharp downturn, shedding 7% of its total value to approximately $2.77 trillion. Leading digital assets, including ...
Business & Economy
LGAs to Receive Direct Federal Allocations
The 774 local government areas across Nigeria are set to begin receiving direct financial allocations from the Federation Account, following a directive from ...
Business & Economy
Nigeria’s Crude Drops to $67, Threatening 2025 Budget Targets
Nigeria’s premium crude, Bonny Light, has plunged by 20% to $67 per barrel from $84.02 in January 2025, raising concerns over the Federal ...