Dangote Refinery Slashes Petrol Price To N825 Per Litre
In a strategic move to enhance market competitiveness and provide greater value to consumers, theDangote Petroleum Refineryhas once again reduced the gantry price of Premium Motor Spirit (PMS), popularly known as petrol, to N825 per litre, down from the previous rate of N835 per litre.This marks the second price reduction in recent weeks by the 650,000…Read more
NNPCL Reduces Petrol Pump Price To N910 Per Litre In Abuja
TheNigerian National Petroleum Company (NNPC) Limitedhas once again reduced the price of Premium Motor Spirit (PMS), also known as petrol in Abuja from N935
to N910 per litre.The price adjustment however, is yet to be implemented in Lagos and…Read more
CBN: Consumer Credit Fell By 6.93% To N3.84trn In February
Consumer credit outstanding decreased by 6.93 per cent to N3.84 trillion in February 2025 from N4.12 trillion at the end of the preceding month, the Central Bank of Nigeria (CBN) has said.The apex bank, which disclosed this in its economic report for…Read more
Slight Drop In Food Prices Drag Down Inflation By 23.71% In April
The Consumer Price Index (CPI), also known as headline inflation, eased to 23.71% in April 2025, representing a 9.99% decline year-on-year from the 24.23% recorded in March 2025, according to the latest inflation report released on Thursday by theNational Bureau of Statistics (NBS).Both year-on-year and month-on-month food inflation eased, a development…Read more
Nigeria Gets $5.34bn Highest Payment Globally From Shell In 2024
Nigeria received $5.34 billion fromShell in 2024, marking the highest payment the energy giant made to any country worldwide in 2024.This amount represents a significant increase from the $3.8 billion…Read more
High Price: Importers Cut N1.5trn Sugar Shipment From Brazil
High price of raw sugar from Brazil to Nigeria has affected smooth deliveries of about 1.9 million tonnes valued at N1.5 trillion ($954 million) needed for local consumption.It was gathered that the price of the commodity had soared from…Read more
Excitement As Keystone Bank Reopens Revamped Ketu Branch In Lagos
Keystone Bank Limited, a leading financial services provider in Nigeria, has officially reopened its fully revamped branch located at Plot 584, Ikorodu Road, Ketu, Lagos.The reopening ceremony, held on Friday, May 16, 2024, drew the attention of…Read more
Nigeria Set To Lead Africa In Raw Materials Export
President of the Senate, Godswill Akpabio,has assured Nigerians that the passage and eventual signing into law of the Raw Materials Research and Development Council (RMRDC) Amendment Bill will position Nigeria as a moral and strategic leader for Africa in the area of raw materials export.Akpabio made this assertion on Wednesday when he received a delegation from..Read more
Nigeria Becomes Member of European Bank for Reconstruction
Nigeria has been formally admitted as a member of the European Bank for Reconstruction and Development (EBRD), marking a significant step towards boosting private sector access to international capital and supporting the country’s long-term economic transformation.Minister of Finance and Coordinating Minister of the Economy…Read more
Bagudu: Tinubu’s Economic Reforms Delivering Positive Outcomes
Minister of Budget and Economic Planning, Senator Abubakar Bagudu, has reiterated President Bola Tinubu’s administration’s determination to bring development to the grassroots by transforming local government areas into centres of economic growth.The minister, optimistic about the incremental and positive outcome…Read more
FG Confirms Redemption Of N100b 2017 Sukuk
The Federal Government has confirmed the full redemption of the first ₦100 billion Sukuk bond issued in 2017 to creditors.Director-General of theDebt Management Office (DMO)Ms. Patience…Read more
How We Crashed Food Prices – Rabiu
Abdulsamad Rabiu, Chairman of BUA Group, has revealed that his company leveraged the duty waiver policy granted byPresident Bola Tinubuon certain food items to massively import commodities, significantly reducing the rising cost of food in Nigeria.Rabiu made this disclosure while responding to questions from State House…Read more
FG Approves Grid Upgrade With New Substations In Oyo
The Federal Government has approved two major energy projects in Oyo State aimed at fortifying the national grid and addressing persistent power challenges.The decisions, ratified during Monday’s Federal Executive Council (FEC)…Read more
Shettima To Islamic Bank: It’s Best Time To Invest In Nigeria
Vice President Kashim Shettimahas emphasized that now is the best time to invest in Nigeria, as the administration of President Bola Tinubu has addressed key disincentives that previously hindered investment in the country.
During a courtesy visit by a delegation from the Islamic Development Bank…Read more
CBN: Consumer Credit Fell By 6.93% To N3.84trn In February
Consumer credit outstanding decreased by 6.93 per cent to N3.84 trillion in February 2025 from N4.12 trillion at the end of the preceding month, the Central Bank of Nigeria (CBN) has said.
The apex bank, which disclosed this in its economic report for…Read more
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