The Nigerian National Petroleum Company Limited (NNPCL) just dropped some wild numbers—monthly profit shot up by a jaw-dropping 91.3%. We’re talking N539 billion in August 2025, up from N185 billion in July. That’s not just a little bump; that’s a whole trampoline jump. Their August report is packed with cash talk. Revenue hit N4.655 trillion…
The cash flooding into Nigeria’s stock market lately? Kinda nuts. By August 2025, foreigners had churned through a whopping N1.7 trillion in deals—that’s like a 541% explosion compared to 2021. Hard to even wrap your brain around numbers like that, honestly. The NGX just dropped their latest stats, and it’s practically a highlight montage for…
Nigerian billionaire Femi Otedola has issued a threat of suing Umar Sani, a former aide to former Vice President Namadi Sambo, N1 billion, which was effectively replied to by former aide Umar Sani. It has been reported that Otedola had directed his lawyer to file a N1 billion suit against Umar Sani over his remark…
The role of heads of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has been described by the leadership of Dangote Refinery as that of terrorists. This claim was brought out in a formal statement by Dangote Refinery on Sunday. This announcement is against the backdrop of a recent order to its…
The Trade Union Congress of Nigeria, TUC has announced that it will join the Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN in a nationwide strike against the alleged anti-labour practices by Dangote Refinery. This was revealed by TUC Secretary General Nuhu Toro on Sunday. The union required Dangote Refinery to publicly apologise…
By Ajibola Olarinoye Economist Adetilewa Adebajo isn’t exactly thrilled about how President Bola Tinubu’s government is spending. He basically aired his grievances on Politics Today—that show on Channels TV, the one everyone talks about. Adebajo didn’t sugarcoat it. He admits Tinubu’s team has done a couple of things right, but their spending habits? Not it….
Earlier this week, PenCom met with the Trade Union Congress (TUC) to keep pension reforms on track and reinforce compliance with the Contributory Pension Scheme. It’s all about tightening up the system so employers can’t just skate by without making those required contributions. PenCom’s not doing it alone, either. They’re collaborating with the Central Bank…
By Ajibola Olarinoye President Bola Tinubu’s looking to kickstart oil production again in Ogoniland—that’s the same Ogoniland in Rivers State that’s been through absolute hell over the years. He rolled this out on Wednesday, during a pretty heavy ceremony where he gave major posthumous props to the “Ogoni four”—Albert Badey, Edward Kobani, Theophilus Orage, and…
By Ajibola Olarinoye The Central Bank of Nigeria’s bigwigs (the Monetary Policy Committee) got together on Tuesday and decided, “ let’s give the country a little breathing room.” They actually dropped the interest rate from a sky-high 27.5% to a slightly less ridiculous 27%. Yeah, I know, not earth-shattering, but still—baby steps. CBN’s head ,…
By Ajibola Olarinoye The Centre for the Promotion of Private Enterprise, the CPPE is basically giving a standing ovation to Olayemi Cardoso, the Governor of the Nigeria’s Central Bank, for what they say has been a pretty wild two-year ride. They’re hyped about naira stabilizing (well, sort of), the FX market looking less like the…
