BUSINESS

FAAC Shares N1.894trn February 2026 Revenue to FG, States, LGs  

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  The Federation Allocation Account Committee (FAAC), has shared a total sum of N1.894 trillion to the Federal Government,...

Tinubu Sets Up Presidential Petroleum Reform, Value Optimisation Taskforce

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        President Bola Ahmed Tinubu, has approved the establishment of a Presidential Petroleum Reform &...

CBN Directs Banks To Place Suspected Fraud BVNs On 24-Hour Watchlist

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By Ayo Kehinde The Central Bank of Nigeria (CBN) has directed banks and other financial institutions to place...

Banks Send Nearly ₦7trn ‘ Idle Cash’ to  CBN

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  By Ayo Kehinde   Nigeria’s banking sector witnessed a significant surge in excess liquidity this week as...

OPEC: Nigeria’s Daily Oil Output Records10.7% Drop In February

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    By Ayo Kehinde       Nigeria’s crude oil production fell to 1.31 million barrels per...

Fertiliser Prices Rise 11% Ahead Of Planting Season, Raising Food Inflation Concerns in Nigeria

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  By Ayo Kehinde         Fertiliser prices have surged by about 11 percent just weeks...

FG Rules Out Petrol Price Regulation Despite Global Oil Volatility

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  By Ayo Kehinde         The Federal Government of Nigeria has ruled out any plan...

Tinubu Nominates Lamido Yuguda as CBN Deputy Governor

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          President Bola Ahmed Tinubu has approved the appointment of Lamido Abubakar Yuguda as...

NNPC Secures Presidential Approval to Unlock $20bn Bonga Southwest Deepwater Project

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  By Ayo Kehinde         The Nigerian National Petroleum Company (NNPC) Limited, has secured presidential...

Dangote Cuts Fuel Prices by ₦100, Diesel by ₦190

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  By Ayo Kehinde         In a move that promises short-term relief for marketers, bulk...