CBN blacklists top loan defaulters
The Central Bank of Nigeria (CBN) has restricted banking services for large-ticket loan defaulters as part of measures to enforce credit discipline and safeguard the financial system. The directive,…
Quality Control in Question as Nigeria Issues Bulk Import Permits Despite Local Refinery Focus
The Nigerian government has come under heavy criticism by energy stakeholders after the Nigerian Midstream and Downstream Petroleum Regulatory Authority recently issued fresh petrol import licenses. In a statement…
Official Naira Gains Against Dollar Amid Black Market Stability
The Naira appreciated against the dollar at the official foreign exchange market on Thursday, barely 24 hours after the dip. The Central Bank of Nigeria’s…
After Multiple Hikes, Dangote Refinery Lowers Petrol Price Again
Dangote Petroleum Refinery and Petrochemicals has reduced its gantry price for petrol to N1,200 per litre and its coastal price to N1,153 per litre. The…
Fuel Import Dependence Poses Severe Risk to African Economies, Says Dangote
Africa’s richest man, Aliko Dangote, has warned that the continent risks severe economic consequences if it fails to reduce its dependence on imported fuel amid global supply uncertainties. Dangote gave…
Just In :Trump’s Iran Peace Proposal Sparks 5% Drop in Global Oil Prices
Oil prices fell by over 5% following reports that US President Donald Trump has sent a peace proposal to Iran. Brent crude oil, which serves…
Cocoa, cashew dominate Nigeria’s agricultural exports in 2025
Nigeria’s push toward export diversification recorded significant progress in 2025, with non-oil exports rising to ₦12.36 trillion from ₦9.09 trillion in 2024. Data from the National Bureau…
Crude Oil Plunge Triggers Downward Price Adjustment in Nigeria’s Fuel Market
Some Nigerian filling stations have dropped their retail fuel prices. UGAMATV observed on Monday that Ranoil and Empire Energy filling stations dropped their petrol pump…
Fuel Subsidy Debate Reignites: Economists Warn Against Return Amid Global Oil Volatility
Experts and civil society organizations are divided over calls for the administration of Bola Ahmed Tinubu to introduce palliatives or reinstate fuel subsidies to cushion the impact…
Niger Delta Targets $5bn Investment, 500,000 Jobs Ahead of 2026 Economic Summit
The Niger Delta Chamber of Commerce, Industry, Trade, Mines and Agriculture (NDCCITMA) has announced plans to attract up to $5 billion in structured investments into the region over the next…















