Nigeria's net external reserves reached $34.80 billion at the end of 2025, marking the highest level in four years and signaling renewed strength for the naira. Central Bank Governor Olayemi Cardoso credits reforms for improved foreign exchange management
The Nigerian Communications Commission has proposed new rules requiring telecom operators to give subscribers at least 14 days' notice before deactivating SIM cards due to inactivity or churn.
Teerus Microfinance Bank Limited has officially received its operating licence from the Central Bank of Nigeria, enabling it to provide inclusive financial services to individuals, SMEs, and underserved communities across the country.
Petrol depot prices across Nigeria have surged close to N1,000 per litre following Dangote Refinery's price adjustment and Middle East geopolitical tensions, with retail stations in Lagos and Abuja rapidly increasing pump prices.
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The Nigerian naira depreciated further against the US dollar in both official and parallel markets, closing at N1,378.02/$1, despite Central Bank efforts to boost supply with $200 million.
The US dollar surged to a five-week high as escalating tensions between the United States and Iran triggered a global flight to safety. The euro fell to its lowest level since 2015, while gold and oil prices rallied amid market volatility.
Central Bank of Nigeria Governor Olayemi Cardoso reveals Nigeria's net foreign exchange reserves reached $34.80 billion in 2025, marking a 50.58% increase from 2024 and a 772.18% surge from 2023 levels.
Energy expert Muda Yusuf analyzes how the US-Israeli conflict with Iran could bring both benefits and challenges to Nigeria's economy, affecting oil revenue, the naira, and fuel prices.
Retail petrol prices surged significantly as MRS Oil Nigeria Plc and NNPC Limited increased pump prices by N100 per litre, following Dangote Refinery's adjustment. This move reflects global crude oil price fluctuations and higher replacement costs.
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Dangote Industries cautions the public against rising impersonation scams on social media, urging vigilance and reporting of suspicious activities to authorities.
Dangote Petroleum Refinery and depot operators have suspended petrol loading due to rising global crude oil prices, leading to new pricing structures and diesel price hikes in Lagos. Experts warn of potential higher pump prices as geopolitical tensions dr
Dangote Petroleum Refinery has increased its gantry price for petrol to N874 per litre, potentially driving retail pump prices nationwide to between N980 and over N1,000 per litre amid global crude oil volatility.
A young woman in Onitsha is devastated after her newly opened shop at Main Market was demolished overnight, allegedly by officials linked to Governor Soludo, destroying all her goods.
Discover reliable methods to obtain free data on MTN Nigeria, including promo deals, referral rewards, and loyalty programs. Learn how to stay connected without constant top-ups through official channels.
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Learn the easy steps to deactivate Airtel caller tunes in Nigeria via SMS or customer care. Stop charges and revert to standard ringtones with this detailed guide.
Nigeria's Dangote Petroleum Refinery has raised its Premium Motor Spirit ex-depot price from N774 to N874 per litre, citing rising global crude oil costs and replacement expenses. The adjustment may trigger nationwide fuel price increases.
Military attacks on Middle Eastern energy facilities have triggered a sharp rise in global oil and gas prices, with Brent crude climbing 10% and natural gas surging nearly 50%. The crisis is impacting European markets and Nigerian fuel prices.
Dangote Petroleum Refinery increases petrol ex-depot price to N875 per litre, up from N774, due to global crude oil volatility. Marketers adjust pumps as prices rise.
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The Strait of Hormuz carries 20% of global oil and gas shipments, making it a crucial maritime route. Recent attacks on tankers have disrupted traffic, highlighting its geopolitical importance.
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Saudi Arabia has suspended some operations at its massive Ras Tanura refinery following a drone attack that caused a fire. The incident highlights escalating tensions in the Gulf region.
Oyindamola Tinuke, a University of Ibadan graduate, celebrates earning First Class Honours in Agricultural Science with joyful photos and social media praise, highlighting academic excellence.
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Branch NG, a leading digital financial services firm in Nigeria, has been honored as the Financial Service Company of the Year at the 2026 National Brand Excellence and Leadership Awards in Lagos.
Plus Incubation Hub launches the Plus Factor Grant Program, offering non-dilutive funding up to N1 million for Nigerian entrepreneurs. Applications open until March 15, 2026.
FAAN's cashless toll payment system enforcement triggered severe traffic congestion at Lagos and Abuja airports, causing flight delays and passenger frustration as authorities scramble solutions.
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The Katsina State Government has launched a free business registration portal to help entrepreneurs formalize their operations, boost credibility, and access funding opportunities.
Dangote Cement reports a record-breaking N1 trillion profit for 2025, driven by strategic price increases, cost control, and an 18.6% surge in export volumes across Africa.
The Nigerian National Petroleum Company has lowered petrol prices in Lagos to N837 per litre, while NIPCO Gas announces expansion of 20 CNG stations nationwide at N380 per cubic metre.
Nigeria's Bonny Light crude oil price surged to $80 per barrel, its highest since July 2025, following US-Israel strikes on Iran. Global benchmarks rose sharply, potentially boosting Nigeria's revenues but risking higher domestic fuel prices.
South African authorities rescued 12 crew members from a Nigerian tug boat that sank in rough seas, with one fatality confirmed and five still missing. Search efforts continue.
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The Transmission Company of Nigeria has scheduled a temporary power outage on the Benin-Ajaokuta 330kV transmission line for maintenance from February 27 to March 31, 2026, affecting several areas in Benin.
