FAAN: Cash Payment Ban, Tariff Hike – What’s Next for Nigerian Airports?

    The Federal Airports Authority of Nigeria has announced a ban on cash transactions and plans to hike tariffs nationwide. The Director of Commercial and Business Development, FAAN, Adebola…

IPMAN Throws Support For Dangote’s Petrol, Diesel Distribution, citing Cheaper Oil For Marketers

  The Independent Petroleum Marketers Association of Nigeria, IPMAN, has said that the recent plan by the Dangote Refinery to distribute petrol and diesel free of charge to marketers across…

Breaking: NNPCL Spokesperson Olufemi Resigns

  The spokesperson of the Nigerian National Petroleum Company Limited, NNPCL, Olufemi Soneye, has resigned. Soneye disclosed this in a statement on Saturday. He said he would no longer be…

Three traders drown in Kebbi canoe mishap

Three traders have been confirmed d3ad while one is still missing after a canoe capsized in Kebbi State.       The incident happened on Tuesday when the canoe they…

Monopoly looms as Dangote refinery set Date to Begin petroleum, Gas and Diesel products distribution across Nigeria.

  Fear has gripped petroleum product marketers and retailers as Dangote Refinery fixed August 15, 2025, to begin distribution of premium motor spirit and automotive gas oil (diesel) nationwide. This…

Nigeria’s Headline Inflation Rate Drops to 22.97% in May

  The National Bureau of Statistics, NBS, on Monday, announced that Nigeria’s headline inflation rate has dropped to 22.97 percent. NBS said the May 2025 headline inflation rate decreased 0.74…

Appeal Court Overturns Forfeiture of Emefiele’s Assets, Orders Retrial

The Court of Appeal in Lagos has overturned a Federal High Court ruling that ordered the final forfeiture of assets belonging to former Central Bank of Nigeria (CBN) Governor, Godwin…

CBN Suspends Dividends, Executive Bonuses, and Foreign Investments for Banks Under Regulatory Forbearance

The Central Bank of Nigeria (CBN) has announced a temporary suspension of dividend payments, executive bonuses, and foreign investments for banks currently operating under regulatory forbearance, in a move aimed…

Global Oil Prices Reach Highest Levels in February 2025 Following Israeli Attack on Iran

  Global oil prices experienced an immediate spike after Israel announced an attack on Iran as tension escalated in the Middle East region, sparking fear of a Premium Motor Spirit…

CBN’s High Interest Rate Policies Hurting Economy – Prof. Uremadu Warns

A renowned Professor of Banking and Finance, Professor Sebastian Uremadu, has called on the Central Bank of Nigeria (CBN) to urgently review its high interest rate policies, warning that they…