Naira depreciation widens exchange rate gap as traders cite speculation, liquidity issues
The recent volatility of the exchange rate at the black market has been linked to fiscal leakages, speculation and arbitrage activities, which...
Forex traders cite election spending, FX pressures as reserves drop $850 million
Forex traders have attributed the recent decline in Nigeria’s external reserves to increased government spending and foreign exchange pressures linked...
Petrol sales drop to 1,000 litres daily from 10,000, Marketers say
Oil marketers have revealed that most filling stations that used to sell 10,000 litres of petrol daily are now selling...
CBN says 33 banks meet recapitalization target, N4.66 trillion raised from 73% of Nigerians
The Central Bank of Nigeria (CBN) has confirmed that 33 banks have met the revised minimum capital requirements under its...
Afreximbank leads $4 billion Dangote Refinery deal with $2.5 billion commitment
African Export-Import Bank (Afreximbank) has announced that it has underwritten $2.5 billion in a $4 billion senior syndicated term loan...
Game of Thrones at Eko Disco: The power struggle behind latest CEO Shakeup
On Monday, March 23, 2026, the Nigerian Electricity Regulatory Commission (NERC) dropped a bombshell on social media, quietly announcing the...
African Energy Chamber demands inclusion at London summit, threatens boycott
The African Energy Chamber (AEC) has called for the inclusion of African representation at the upcoming African Energies Summit scheduled...
Oil marketers say petrol price surge hurting business as demand drops
Oil marketers have cried out that their businesses are suffering due to the spike in the pump price of petrol as...
Lagos Taskforce denies bribery claims over release of impounded vehicles
The Lagos State Environmental and Special Offences Unit (Taskforce) has refuted allegations that its officials collect bribes before releasing impounded...
FG suspends petrol import licences as local refineries boost local supply
The Federal Government has suspended the issuance of petrol import licences for a second consecutive month as local refining capacity...
