EFCC, NELFUND Strengthen Safeguards Against Student Loan Fund Diversion
The Economic and Financial Crimes Commission (EFCC) and the Nigerian Education Loan Fund (NELFUND) have entered into a new partnership...
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Nigeria’s Electricity Subsidy Bill May Hit ₦2 Trillion as FG Rules Out Immediate Tariff Hike
Nigeria’s electricity subsidy obligation could approach ₦2 trillion in 2026 as the Federal Government maintains its decision against an immediate...
Nigeria Records 306 Million Barrels of Oil Production in Six Months
Nigeria recorded crude oil and condensate production of approximately 306.4 million barrels between March and August 2026, reflecting a significant...
UK-Backed Financing Initiative Seeks to Bridge Funding Gap for Nigerian Businesses
A new financing initiative supported by the United Kingdom Government and the Dutch development bank FMO is set to address...
Dangote Refinery Slashes Petrol Price to ₦1,325 Per Litre as Crude Oil Falls Below $100
The Dangote Petroleum Refinery has reduced its petrol selling price by ₦25 per litre, bringing its ex-gantry rate down from...
Report Traces $271m US Property Holdings to 61 Nigerian Officials
A new investigation has identified 284 properties in the United States, collectively valued at nearly $271 million, linked to 61...
Dangote Moves Forward With Kenya Refinery Project as Engineers India Secures $450m Contract
Nigeria's Dangote Group has taken another major step towards establishing a refinery in Kenya after awarding an engineering and project...
CPPE Urges Banks to Lower Lending Rates Following CBN’s 350-Basis-Point Cut
The Centre for the Promotion of Private Enterprise (CPPE) has called on Nigerian commercial banks to reduce lending rates following...
CBN Says Nigeria Strengthens Economic Buffers Amid Rising Global Uncertainties
The Central Bank of Nigeria (CBN) has highlighted improvements in the country's economic resilience, noting that recent monetary and fiscal...
Binance Invests $100m in Circle to Expand USDC Reach in Emerging Markets
Global cryptocurrency exchange Binance has invested $100 million in Circle Internet Group, the issuer of the USDC stablecoin, as both...