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News from Nigeria
Royal Exchange appoints Geoffrey Ohen as non-executive director
The Royal Exchange stated that Mr Ohen is expected to support its strategic leadership and expansion initiativ…
NNPCL revenue, profit after tax drop significantly to N3.08tn, N279bn
The Nigerian National Petroleum Company Limited, NNPCL, recorded a significant decline in revenue and profit a…
Uber exits Nigeria after 12 years of operation
But the ride-hailing company said the decision to exit Nigeria is unrelated to the recent FAAN directive conce…
SSS, Police investigating those behind viral shutdown claim – OPay
“OPay is going nowhere. The message that is circulating online is false. It did not come from OPay. There is n…
Real reason for latest fuel price increase in Nigeria – IPMAN, PETROAN
The Independent Petroleum Marketers Association of Nigeria, IPMAN and the Petroleum Products Retail Outlets Ow…
NMDPRA, FCCPC should clamp down on anti-competitive fuel pricing in Nigeria – PETROAN
The Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN and the Independent Petroleum Mar…
FG should provide intervention to Dangote Refinery to reduce fuel price – IPMAN
The Independent Petroleum Marketers Association of Nigeria, IPMAN, has appealed to the Federal Government to i…
Champion Breweries appoints Malolan Sampath as MD/CEO
The company said its appointment comes as it enters a new phase of growth and transformation. The post Champio…
NNPC records decline in oil, gas output in July as disruptions hit operations
The decline in production came despite NNPC’s ongoing efforts to improve output and sustain operational effici…
How the naira rallied against the dollar for one week
The naira strengthens to ₦1,329 against the US dollar, buoyed by increased external reserves and renewed inves…
FCMB honoured by ISACA for advancing digital trust
First City Monument Bank (FCMB) has been honoured by the Lagos Chapter of the Information Systems Audit and Co…
Tinubu’s govt targets $1trn economy by 2030 as GDP growth hits 4.43%
The Federal Ministry of Finance has said the Nigerian economy expanded by 4.43 per cent year-on-year in the se…
Nigerian govt retains $300 helicopter levy per landing
The Nigerian government has retained its $300 helicopter levy per landing for oil and gas upstream operators a…
TCN announces blackout in Kogi, gives reasons
The Transmission Company of Nigeria, TCN, has announced a power supply disruption in parts of Kogi State on Tu…
Nigerians react as GDP growth hits 4.43 percent
Nigerians have questioned the impact of Nigeria’s economic growth after the country’s Gross Domestic Product, …
26 ships carrying petroleum products, food items expected at Lagos ports
The Nigerian Ports Authority, NPA, has announced that 26 vessels laden with petroleum products, food commoditi…
Dollar to Naira exchange rate Today, August 31, 2026: Naira extends appreciation into September
The naira continued its appreciation against the dollar at the official market on Monday, ending August on a p…
See how much Nigerians abroad sent to loved ones in July
Nigeria's remittance inflows hit a record $947 million in July 2026, nearing the CBN's $1 billion target, with…
Nigeria’s economy grows 4.43% in Q2 2026 — NBS
Nigeria’s economy expanded faster in the second quarter of 2026, supported by improved performances in the oil…
BUA Chairman Rabiu hosts UAE Consul General Aljaberi in Lagos, discusses new opportunities
Chairman of BUA Group, Abdul Samad Rabiu (CFR), has hosted the Consul General of the United Arab Emirates (UAE…
Find out more as Nigerian economy grows at fastest pace in 5 years
Nigeria’s economy grew 4.43% in Q2 2026, driven by agriculture, ICT, finance, oil, construction and other sect…
PZ Cussons Nigeria to pay shareholders N9.9 billion dividend after four-year pause
The compensation package also offers an alternative of receiving shares instead of dividends to those who pref…
OPay debunks viral claim of September shutdown, urges customers to disregard post
“OPay is not going on break in September. We’re here, and we’re going nowhere! True OPay users know how to ide…
NNPCL increases fuel price by N75/Litre
The Nigerian National Petroleum Company Limited, NNPCL has increased its Premium Motor Spirit, PMS pump price.…
Nigerian filling stations increase fuel prices again
The mega refinery had also threatened to export its petroleum products and halt sales to petrol importers and …
Investors rush to buy as CBN sales N4.72 trillion OMO bills to boost naira
The CBN auctions N4.73 trillion in OMO bills to reduce liquidity and boost the naira's value, drawing strong i…
Nigerian bank using technology to reshape agriculture
For decades, agriculture in Nigeria operated in a paradox. It contributed significantly to the economy, employ…
Zenith Bank, MTN Nigeria, AXA Mansard top stock pick this week
This is not a buy, sell or hold recommendation but a stock investment guide. You may need to involve your fina…
Nigeria records highest diaspora remittance inflow — CBN
Nigeria recorded $947 million in remittance inflows through International Money Transfer Operators, IMTOs in J…
How the naira is surging against USD in all markets
Naira strengthens to N1,337.28 per dollar amid improved liquidity; Nigeria’s external reserves rise to $53.3 b…
How Nigerian lecturers can apply for FG's N10bn TETFund Research Grant
The Federal Government allocates N10bn for the 2026 National Research Fund, targeting 30 thematic areas to sup…
Allow NNPCL to fix Nigeria’s refineries, Mohammed tells lawmaker Ugochinyere
A public affairs analyst, Mustapha Mohammed, has urged the Chairman of the House of Representatives Committee …
Minister challenges Atiku, says Nigeria’s land borders not closed
“As the Minister of Interior who supervises the Nigeria Immigration Service, an agency of government in charge…
CPPE urges NMDPRA to tie petrol imports to verified supply gaps
According to the group, rising petrol imports could undermine domestic refining, investment and foreign exchan…
OpenAI to end Cursor deal with SpaceX over contract, safety concerns
Meanwhile, responding to the proposed contract termination, Mr Musk said he was indifferent to the decision an…
Moody’s upgrades Nigeria’s outlook to “positive” on stronger external buffers
In a rating action published on Friday, the agency also alluded to Nigeria’s vibrant economic growth, backed b…
MTN Nigeria’s independent director, Kola-Oyeneyin, to exit board
The telecommunications giant noted that Mrs Kola-Oyeneyin’s exit will take effect from 31 August, although MTN…
Lagos unveils plan to boost fortified rice production
Lagos State Government trains rice millers on fortified rice production to enhance nutrition, expand the indus…
Electricity theft: Nigerian Govt probes N120bn annual revenue loss
The Federal Government said it has launched a crackdown on massive energy theft along the 132-kilovolt Ikorodu…
Global oil prices drop as Venezuela plans to exit OPEC
Global crude oil prices declined amid speculation over Venezuela’s planned exit from the Organisation of the P…