27 published resources, browseable by date, category or free-text search.
Every country needs entrepreneurs who do more than accumulate wealth. It needs builders whose work expands what the nation believes it can create. Nigerian businessman Mike Adenuga is widely regarded as one…
Fuel prices across Africa in 2025 showcase the continent’s diverse energy landscape, influenced by factors like oil production, subsidies, and dependence on imports. While some nations enjoy low fuel costs due to…
A report from the Auditor-General of the Federation (OAuGF) has implicated the Nigerian National Petroleum Corporation (NNPC), now a limited company, of fund misappropriation, revenue diversion, and delayed remittance of earnings to…
In a year fraught with economic challenges, the Bank of Industry (BOI) has emerged as a major player in Nigeria’s financial landscape, raising €1.879 billion from international markets to support industrial growth,…
This article provides an overview of today’s dollar-to-naira exchange rates, including the Black Market, Bureau De Change (BDC), and Central Bank of Nigeria (CBN) rates. Exchange Rate DynamicsExchange rates are influenced by…
Gbenga Komolafe, CEO of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has revealed that a new round of oil licensing bids will take place in 2025. This announcement comes as the commission…
The revitalized Port Harcourt Refining Company (PHRC) in Rivers State is now a major concern, as a new report reveals that it contributes significantly to Nigeria’s high fuel prices. Despite substantial investments…
The current black market exchange rate for the dollar to the naira remains a topic of interest for Nigerians seeking to trade foreign currency. On Saturday, December 7, 2024, the Lagos Parallel…
Nigeria’s economic challenges persist as businesses struggle with inflation and rising operational costs, forcing many to downsize their workforce. The latest Purchasing Managers Index (PMI) report from Stanbic IBTC highlights a continued…
Swiss cement giant Holcim has announced its departure from the Nigerian market, selling its nearly 84% stake in Lafarge Africa to China’s Huaxin Cement in a deal valued at $1 billion. The…
For 2024, some of the most lucrative business opportunities in Nigeria reflect the country’s economic dynamics and evolving consumer needs. Here are five promising options > These sectors present significant profit potential…
The Central Bank of Nigeria (CBN) has confirmed that there is no deadline for the circulation of old N200, N500, and N1,000 banknotes. This clarification came amid rumors that the old notes…
According to a reports on Sunday, October 13, the Coalition for Energy Reforms and Good Governance has officially requested that the Nigerian National Petroleum Company Limited (NNPCL) eliminate hidden fees related to…
The current black market exchange rate for the dollar to naira can be found below for October 13th, 2024. We gathered the latest official black market exchange rates in Nigeria, including rates…
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has raised concerns about a potential fuel shortage as the prices of petroleum products continue to rise. During a press conference in Ilorin, the…
In a recent interview with The Vanguard, Prof. Adeola Adenikinju, the President of the Nigeria Economic Society, expressed his dissatisfaction with the lack of transparency in fuel pricing, especially following the start…
Oil marketers have reported that the Nigerian National Petroleum Company Limited (NNPC) has closed its purchasing portal, preventing dealers from ordering petrol. They stated that they are still expecting over 90 million…
The Naira experienced a significant drop in value against the Dollar in the foreign exchange market after trading resumed following Nigeria’s 64th Independence Day holiday. According to FMDQ data, the Naira fell…
The landing cost of petroleum fuel in Nigeria has dropped from N981/litre to N945.63/litre, according to data from the Major Energies Marketers Association of Nigeria (MEMAN). This decline is largely attributed to…
Nigeria is set to gain approximately ₦589 billion (£272.6 million) from eight partnership agreements signed with the United Kingdom on Thursday in Abuja. The agreements, formalized by Nigeria’s Minister of Budget and…
The Federal Government has identified the root cause of the sharp rise in food prices across markets in the country. According to the Federal Competition and Consumer Protection Commission (FCCPC), trader cartels…
On Tuesday, the Nigerian National Petroleum Company (NNPC) Limited began transporting premium motor spirit (PMS) from Dangote’s massive refinery in Lekki, Lagos. This marks the beginning of what many are calling Africa’s…
Some financial and economic experts have advised the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) to retain the lending rate of 24.75 percent. The experts, who gave the…
President Muhammadu Buhari will be in Lagos and Ogun States on Monday to commission the 650,000 barrels-per-days, BPD, Dangote Petroleum Refinery and Petrochemical complex and the Kajola Railway Wagon Assembly Plant in…
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has urged telecoms firms and deposit money banks (DMBs) to consider the interest of financial consumers in their dispute over non-payment…
The Naira depreciated against the dollar on Tuesday, exchanging for N464.67 at the investors’ and exporters’ window. The rate represents a decrease of 0.14 per cent when compared to the N464 it…
The UN’s Food and Agriculture Organization (FAO) says gender imbalance in meals and agriculture are costing the world over one trillion {dollars}, noting that levelling the enjoying area for girls working within the…