Category: Business and Economy
PENGASSAN, Dangote end face-off
Nigeria’s federal government has brokered peace in the conflict between the Dangote Petroleum Refinery and the Petroleum and Natural Gas Senior Staff Association of Nigeria ... Read More
Petroleum marketers announce fuel price hike after Dangote Refinery suspends petrol sales in Naira
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has announced that its members would effect a petrol price hike nationwide as Dangote Refinery suspended sales ... Read More
CBN reduces Monetary Policy Rate to 27%
The Central Bank of Nigeria (CBN) has reduced the Monetary Policy Rate (MPR) by 50 basis points, from 27.5% to 27%. At a press briefing ... Read More
Nigeria’s GDP grows by 4.23% in Q2 2025
The National Bureau of Statistics (NBS) has announced that Nigeria’s Gross Domestic Product (GDP) grew by 4.23% in the second quarter of 2025 (Q2’25), marking ... Read More
Crude oil imports hit record high as Dangote Refinery reshapes trade flow
Nigeria has recorded a sharp increase in its crude oil imports by 26.5 per cent to 5,665,602 metric tons in the first half of 2025 ... Read More
Dangote refinery commences free petrol delivery on Sept 15, slashes price to N841/litre
Dangote refinery will commence free direct supply of petrol across the country from Monday, September 15. The refinery also slashed petrol retail prices to N841 ... Read More
NUPENG suspends nationwide strike after truce with Dangote
The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has suspended its nationwide strike after reaching an agreement with the management of Dangote Refinery ... Read More
Be wary of fake investment platforms, ponzi schemes, SEC warns Nigerians
Emomotimi Agama, Director-General of the Securities and Exchange Commission, has cautioned Nigerians to beware of online platforms promising unrealistic financial returns. Speaking as a guest ... Read More
Nigeria spends $10bn on importation of fish, tomato paste, others annually
Senator Abubakar Kyari, Nigeria’s Minister of Agriculture and Food Security, has said Nigeria spends $10 billion annually on agro-imports, including wheat and fish. Kyari made ... Read More
Nigeria’s inflation rate falls to 21.8%, says NBS
Nigeria’s headline inflation rate fell from 22.22% in June to 21.88% in July 2025, so says the National Bureau of Statistics (NBS). This was contained ... Read More