Business

NIGERIA – Nigerian petroleum products marketers have announced a reduction of premium motor spirit prices, starting from today, Tuesday. This comes as the economy shuts down today owing to the public holiday declared by the federal government to honour ex-president Muhammadu Buhari. The national president of the Independent Petroleum Marketers Association of Nigeria, Abubakar Maigandi, disclosed […]

Nigeria – The Senate has launched a comprehensive investigation into the operations of Ponzi schemes in Nigeria, with specific reference to the recent collapse of the Crypto Bullion Exchange (CBEX), which reportedly defrauded Nigerians of over ₦1.3 trillion (approximately $847 million). The resolution followed a motion sponsored by Senator Adetokunbo Abiru (APC, Lagos East), and […]

Asaba, Nigeria— The Delta State Civil Service Commission has directed the immediate retirement of over 200 civil servants found to have falsified their ages to prolong their tenure in public service. This decisive action was announced by Chief Roseline Amioku, Chairman of the Delta State Civil Service Commission and head of the ongoing state screening […]

Abuja, Nigeria — The House of Representatives Committee on Maritime Safety, Education, and Administration has sanctioned a ₦774.77 billion budget for the Nigerian Maritime Administration and Safety Agency (NIMASA) for the 2025 fiscal year. This decision emerged during a budget defence session in Abuja, where Committee Chairperson, Hon. Khadija Abba-Ibrahim, confirmed the figures following an […]

Washington, D.C., USA — The International Monetary Fund (IMF) has called on the Federal Government of Nigeria to revise its 2025 budget of N54.99 trillion in response to lower-than-expected global oil prices. This recommendation was detailed in the IMF’s Article IV Consultation Report on Nigeria, released yesterday in Washington, D.C. The IMF projects Nigeria’s economy […]

ABUJA – The Nigerian National Petroleum Company Limited (NNPCL) has reported a profit after tax of ₦1.054 trillion for the month of May 2025, marking a significant 40.37 percent increase from the ₦748 billion posted in April. According to its latest Monthly Report Summary for May 2025, released on Tuesday, the national oil company also […]

Lagos, Nigeria— Guaranty Trust Bank Ltd. has announced a temporary adjustment to its branch operating hours nationwide to facilitate its mid-year audit process. The notification was issued to customers on Saturday, June 28, via email, detailing the bank’s plan to close all branches earlier than usual on Monday, June 30, 2025. In its official communication, […]

Abuja, Nigeria — Nigeria has emerged as Africa’s best-performing nation in the global energy transition rankings, climbing to 61st place globally in the 2025 Energy Transition Index (ETI) released by the World Economic Forum (WEF). This marks a significant leap of 48 positions from last year’s report, with Nigeria scoring 54.8 points—an improvement attributed to […]

Nigeria – In a development for Nigeria’s digital financial services, thirteen commercial banks have fully settled their outstanding debts for Unstructured Supplementary Service Data, USSD, services owed to Mobile Network Operators, MNOs, paving the way for a new, streamlined billing structure. The remaining three banks are nearing completion of their payments, having cleared over 95 […]

WhatsApp on Monday announced that users will begin seeing advertisements within the app. This development comes as parent company, Meta, seeks new ways to generate revenue from the messaging service’s vast user base. Nikila Srinivasan, Vice President for product management at Meta, announced this to reporters. According to Meta, the ads will appear in the […]