Dangote Refinery Suspends Petrol Sales and Cancels Contracts as Crude Supply Issues Bite
Africa’s largest oil refinery, the Dangote Petroleum Refinery in Lekki, has temporarily halted sales of Premium Motor Spirit (PMS, commonly...
LIRS Warns Banks, Employers and Others: We’ll Deduct Unpaid Taxes Directly from Your Funds
The Lagos State Internal Revenue Service (LIRS) has issued a strong public warning that it will begin using its legal...
Naira Ends Week Weaker at N1,421.63/$ as Supply Shortages Fuel Volatility
The naira closed the trading week on a soft note, depreciating across both official and parallel markets amid persistent supply...
CBN Auctions N1.15 Trillion in Treasury Bills as Investors Eye Higher Yields
The Central Bank of Nigeria (CBN) is set to conduct its second Treasury bills auction of 2026 today, offering instruments...
Naira Edges Higher to N1,419.35 as External Reserves Climb to $45.95 Billion
The naira staged a modest recovery on Tuesday, strengthening slightly against the US dollar in the official foreign exchange market...
Gold Surges Past $4,830 as Geopolitical Easing and Fed Tensions Fuel Safe-Haven Demand
Gold prices have roared back to fresh highs, trading around $4,830 per ounce after a volatile week, as investors continued...
CBN Survey Shows Improved Credit Access in Q4 2025 Amid Rising Loan Defaults
Nigeria’s banking sector expanded credit availability to households and businesses in the fourth quarter of 2025, but lenders faced mounting...
CBN Confirms 20 Banks Meet New Recapitalisation Requirements as March Deadline Looms
The Central Bank of Nigeria (CBN) has announced that 20 deposit money banks (DMBs) have fully complied with the new...
FG Boosts NALDA Funding to N25 Billion in 2026 Budget, Tripling 2025 Allocation
The National Agricultural Land Development Authority (NALDA) has received a major funding increase in the proposed 2026 federal budget, with...
Naira Slips to N1,490/$ in Parallel Market as Official-Parallel Gap Widens to 11-Month High
The naira came under renewed pressure in the informal foreign exchange market over the past week, depreciating to N1,490 per...
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