According to Dangote Group, the former Vice President, Devakumar Edwin, has reported that Dangote Petroleum Refinery has experienced 22 cases of sabotage since its inception. In explaining the events, Edwin has made it clear that the recent restructuring of the company in which some employees are laid off had no relation with the Petroleum and…
In Nigeria, the headline inflation fell to 18.02 per cent in September, 2025, compared to 20.12 per cent in August. It is the sixth consecutive decline in headline inflation in Nigeria this year. This was revealed by the National Bureau of Statistics, NBS, on its Consumer Price Index and Inflation Data published on Tuesday. According…
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) is working tirelessly to create an innovative revenue sharing system that can help the state and local governments to fulfil their constitutional mandate in an effective manner without jeopardizing the unity of a nation and macroeconomic balance. This is what was revealed by the RMAFC chairman, Dr….
Honestly, cashew is kind of a big deal for Nigeria right now—way more than most folks probably realize. The government’s basically saying, “Look, we can’t just keep leaning on oil forever.” And, yeah, they’ve got a point. So, they’re trying to get their act together with the National Cashew Association of Nigeria (NCAN), which, let’s…
In September 2025, the economy of Nigeria continued to record an upward trend since the Purchasing Managers Index (PMI) increased to 54.0 points in September compared to 51.7 points in August and this is the tenth month of consecutive growth. The annual PMI report that was issued by the Central Bank of Nigeria (CBN) showed…
With the uncertainty that is in the supply of Liquefied Petroleum Gas, which is the cooking gas in most parts in Nigeria, the price of the product has increased even more in certain places. It was noted that the price of 1 kilogramme of cooking gas has been changed to N1,500 as compared to 1,200…
According to Governor of the Central Bank of Nigeria, CBN, Olayemi Cardoso, the focus on alternative payment channel in the country has actually aided the country in countering inflation, and stabilize the foreign exchange market. According to him, the apex bank is determined to make itself productive, increase financial inclusion, and ensure monetary and price…
AfriQuantum, which has a claimed value of N76 billion, has been declared by the Securities and Exchange Commission (SEC) of Nigeria as a fraudulent Ponzi scheme. The regulator has also cautioned the people to be extremely cautious when making investments with this organization. This is a worrying revelation that was announced by SEC. The SEC…
The Nigerian National Petroleum Company Limited (NNPCL) has attributed the recent flare up in the cooking-gas prices to a temporary disruption in the loading and distribution operations due to the strike staged by the Petroleum and Natural Gas Senior Staff Association of Nigeria. Group Chief Executive Mr. Bayo Ojulari disclosed this information during a discussion…
A progression of stringent guidelines has been introduced by the Central Bank of Nigeria (CBN) which aims at taking control of the fixed income market in the country. These policies, which will be implemented in November are aimed at increasing transparency in the Nigerian financial sector. This was announced by the highest body of financial…
