Petrol Prices May Rise as Depot Owners Increase Ex-Depot Rates
Depot owners across Nigeria have increased the ex-depot price of Premium Motor Spirit (PMS), raising concerns over a possible hike in petrol pump prices nationwide. The increase follows the rise…
Economists Express Concern Over ₦34 Trillion Revenue Loss to Duty Waivers
Economists and financial analysts are alarmed following the revelation that Nigeria lost N34 trillion, which represents 61 percent of the 2025 budget, to import waivers in the same year. The…
Nigeria Exceeds OPEC Quota as Crude Oil Production Reaches 74-Month High
Nigeria’s crude oil and condensate production rose to an average of 1.735 million barrels per day in June 2026, marking the fourth consecutive month of production growth and surpassing the…
Cooking Gas Prices Remain High Despite Improved Supply – LPG Marketers
The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) says cooking gas prices remain high despite improved nationwide supply. Speaking on Thursday, the association’s president, Edu Inyang, said the Federal…
Customers Threaten to Leave Providus Bank Over Alleged Unauthorised Card Transactions
Customers of Providus Bank have threatened to close their accounts following allegations of unauthorised access to their debit and payment cards. The concerns come days after several customers reported suspicious…
Trading Volume Skyrockets by 219% as Nigerian Stock Market Enters Fifth Day of Gains
Nigeria’s stock market maintained its bullish momentum on Thursday, with investors gaining N962 billion as equities closed higher for the fifth consecutive trading session. The…
Nigerian Naira Edges Up Against Dollar at Official Market, Firms by N0.64
The Naira appreciated against the dollar at the official foreign exchange market on Thursday. The Central Bank of Nigeria’s data showed that the Naira slightly strengthened to…
BREAKING: Filling Stations Shut Operations Amid Speculation Over Petrol Price Hike
Some Nigerian filling stations have shut down over premium motor spirit price speculation hikes. Checks by NEWSMEN on Thursday morning showed Total, Emedab, and other filling stations are closed. When…
CBN Warns Against Rejecting Standard ₦100 Note, Confirms It Remains Legal Tender
The Central Bank of Nigeria (CBN) has reaffirmed that the standard ₦100 banknote remains legal tender and warned that anyone refusing to accept it for transactions is acting contrary to…
Nigeria Secures Further Fuel Price Reduction After Government Meeting with Dangote Refinery and Marketers
Dangote Refinery, depot owners, and petroleum products marketers have agreed to further slash premium motor spirit prices across the value chain after meeting with the Nigerian government. …














