Customs Auctions Seized Petrol Worth N14.8m in Lagos

The Nigeria Customs Service has auctioned 14,875 litres of seized petrol worth N14.875 million in Lagos after intercepting the products from smugglers. The operation was conducted under Operation Whirlwind.

Tinubu Appoints New PTDF Head, Reappoints TCN CEO

President Bola Tinubu has appointed Professor Shu'aibu Aliyu as the new PTDF Executive Secretary and renewed Engineer Sule Abdulaziz's tenure as TCN CEO, emphasizing commitment to Nigeria's energy sector development.

Petrol Prices Drop at NNPC and Other Stations in Nigeria

Petrol prices have decreased at NNPC Limited outlets and other filling stations across Nigeria, offering relief to motorists. The reduction is linked to global crude oil price fluctuations influenced by US-Iran tensions and Dangote Refinery's price cuts.

NLC Protests AEDC Over Sack of 900 Workers, Issues Ultimatum

The Nigeria Labour Congress disrupted AEDC operations, protesting the dismissal of 900 workers. NLC President Joe Ajaero accused the company of deceit and gave a 48-hour ultimatum for recall, threatening power supply disruptions in the FCT.

Nigeria's Economic Growth Slows in March, CBN Survey Shows

Nigeria's economy expanded for the 16th consecutive month in March 2026, but at a slower pace, with the CBN's PMI at 53.2 points. Key sectors like industry and agriculture grew, though cost pressures rose, impacting profit margins.

CBN Ends Bank Recapitalisation, Starts Crypto Monitoring Pilot

The Central Bank of Nigeria has officially concluded its 24-month bank recapitalisation programme, with Nigerian banks raising ₦4.65 trillion. Simultaneously, the regulator has launched a pilot programme to monitor cryptocurrency transactions involving si

CBN Releases Savings Rates: Banks Cut Interest for Customers

The Central Bank of Nigeria has published new data showing a widespread reduction in savings deposit interest rates across Nigerian banks, with many now offering 7.95% annually, down from earlier rates, as the monetary policy rate adjustment influences re

Coscharis Sets Strategic Direction to Deepen Value Delivery

Coscharis Group has reaffirmed its commitment to delivering consistent value to stakeholders following its annual board strategy retreat in Lagos. Directors reviewed performance and mapped priorities for the coming year, focusing on execution, governance,

SON Partners to Boost Food Safety and Industrial Standards

The Standards Organisation of Nigeria (SON) has partnered with the Welding Federation and Specialised Fabrication Equipment to promote orbital welding innovations, aiming to enhance manufacturing standards in food, beverage, and other sectors.

Tinubu Approves Second Runway for Abuja Airport

President Bola Tinubu has approved the construction of a second runway at Nnamdi Azikiwe International Airport, Abuja. Aviation Minister Festus Keyamo announced this at the Nigeria Aircraft Acquisition and Investment Summit in Lagos.

FCMB Capital Tops FMDQ Table with N1.53tr Debt Market Deals

FCMB Capital Markets Limited raised N1.53 trillion in corporate debt capital through bond listings and commercial paper quotations on FMDQ Securities Exchange in 2025, securing the top spot on the exchange's Fixed Income Primary Markets Sponsors' League T

CBN Regulates Virtual Assets, Banks Raise N4.65 Trillion Capital

The Central Bank of Nigeria has concluded its two-year bank recapitalization program, with institutions raising N4.65 trillion. Simultaneously, the CBN initiated a supervisory pilot for six virtual asset service providers to enhance financial oversight.

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