The IMF has just raised Nigeria’s growth forecast to 3.9% in 2025 and 4.2% in 2026, another strong validation of the President Tinubu administration’s economic […]
Category: Business
Lagos Issues Two-Week Ultimatum to Trade Fair Complex Developers Over Building Approvals
The Lagos State Government has given property owners and developers within the Trade Fair Complex in Ojo a two-week deadline to regularise their building approvals […]
Federal Government slashes cost of signature bonuses to $10 million dollars
The Federal Government has slashed the cost of signature bonuses in Nigeria’s oil sector from $100 million to $10 million in a major policy shift […]
Nigeria Loses $3.3 Billion To Oil Theft And Pipeline Sabotage
The Federal Government of Nigeria lost an estimated 13.5 million barrels of crude oil, valued at $3.3 billion, to oil theft and pipeline sabotage between […]
Senate: We’ve Received NNPCL’s Response on N210trn Audit Query
The Nigerian National Petroleum Company Limited (NNPCL) has formally responded to all 19 questions raised by the Senate Committee on Public Accounts concerning the alleged […]
Global Oil Prices Fall By 1 Percent
Global oil prices fell today, sliding more than one percent after signals that OPEC+ could raise output in November and Iraq’s Kurdistan region resumed exports […]
FG Urge PENGASSAN To Shelve Proposed Strike Action
The Federal Government has called on the Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, to reconsider its planned nationwide strike scheduled to […]
Dangote Resumes Sale Of Petroleum In Naira
Dangote Petroleum Refinery has resumed the sale of petrol in naira, just a day after suspending the initiative. The company announced over the weekend that […]
Bank of England Holds Rates at 4% Amid Inflation Struggle
The Bank of England (BoE) has chosen to hold its base interest rate at 4%, resisting pressure to ease borrowing costs despite a faltering economy […]
CBN Orders Early Approval for Bank CEO Successions
The Central Bank of Nigeria (CBN) has issued a new rule requiring Domestic Systemically Important Banks (DSIBs) to secure regulatory approval for the appointment of […]