The Central Bank of Nigeria (CBN) has launched the Nigerian Overnight Financing Rate (NOFR), a new benchmark interest rate aimed at improving transparency and efficiency in the country’s money market….

Nigerian energy firm Energia Limited has appointed Oladimeji Bashorun as its new Chief Executive Officer following the exit of Chidi Egonu. Bashorun, who previously served as the company’s Chief Operating…

The Cocoa Roundtable Initiative (CORI) has called on the Federal Government to urgently intervene as a sharp decline in cocoa prices continues to hurt farmers across Nigeria. The slump in…

The World Bank forecasts Nigeria’s economy to grow around 4.1-4.2% in 2026, driven by continued macroeconomic stabilization, structural reforms, and increased investment. However, the ongoing Iran war is pushing up…

Dangote Refinery has increased the price of petrol to ₦1,275 per litre and diesel to ₦1,950 per litre, citing rising global crude oil prices driven by geopolitical tensions involving the…

Nigeria’s national oil company, NNPC, has shipped its first cargo of the new Cawthorne crude blend, marking a significant milestone in the country’s efforts to boost oil production and diversify…

Eterna Plc has announced its audited financial results for 2025, with a 52.9% growth in profit before tax (PBT) to ₦7.27 billion, up from ₦4.48 billion in 2024. The company’s…

Seplat Energy, Nigeria’s largest independent oil and gas producer, has resumed operations after workers suspended their indefinite strike. The strike, which began on April 3, was called off following written…

Afreximbank has underwritten $2.5 billion of a $4 billion senior syndicated term loan for Dangote Petroleum Refinery and Petrochemicals, Africa’s largest refinery and petrochemical complex with a capacity of 650,000…

The Central Bank of Nigeria (CBN) has reaffirmed Dr. Kamaldeen Adekilekun as the substantive Chairman of LivingTrust Mortgage Bank Plc, ending uncertainty surrounding the bank’s leadership. In a letter dated…

The Central Bank of Nigeria has given international oil companies the go-ahead to repatriate 100% of their export proceeds, a move aimed at boosting foreign exchange liquidity in the country….

Dangote Refinery has made a significant move in the African energy market by exporting 456,000 tonnes of refined petroleum products to five countries, including Côte d’Ivoire, Cameroon, Tanzania, Ghana, and…

The Dangote Refinery has increased the price of petrol by ₦70, bringing it to ₦1,245 per litre, effective March 21, 2026. This change applies to all outstanding and unloaded volumes….

Nigeria’s stock market is on fire, with the index crossing the historic 200,000 mark, driven by sustained investor confidence despite economic pressures from global oil volatility. The Nigerian Exchange Limited…

Nigeria’s external reserves have hit a 13-year high of $50.45 billion, according to the Central Bank of Nigeria (CBN). This milestone is attributed to improved inflows, policy measures, and a…

Nigeria’s oil output has dropped to 1.46 million barrels per day (bpd) in January 2026, marking the seventh consecutive month of missing its production quota. According to OPEC’s latest report,…

Nigeria’s finance ministry is keeping a close eye on the rising tensions in the Middle East, particularly the conflict involving the US, Israel, and Iran, and its potential impact on…

The Dangote Refinery has reduced its ex-gantry petrol price by ₦100 to ₦1,075 per litre, effective March 10, 2026, offering relief to Nigerian consumers. According to the Petroleum Products Retail…

The Central Bank of Nigeria (CBN) is set to auction N850 billion in Nigerian Treasury Bills (NTBs) today, March 11, 2026, building on a successful prior auction that raised N1.01…

Dangote Refinery has increased its petrol price to N995 per litre, citing rising global crude oil prices and shipping costs due to the US-Iran conflict. This marks a N221 increase…