Air Peace shuts flight operations nationwide
Nigeria’s airline, Air Peace, has announced the immediate suspension of all its flight operations across Nigeria following an ongoing strike by the Nigerian Meteorological Agency, NiMet.…
Section
Business
Nigerian business and economy news: the naira, CBN policy, inflation, oil and gas, banking, markets, budgets and companies.
IMF Projects Nigeria’s Inflation to Rise to 37% in 2026
The International Monetary Fund (IMF) has forecast that Nigeria’s headline inflation will climb to 37.0 percent in 2026, highlighting persistent concerns over price stability in the…
Nigeria Customs Service Generates N1.75 Trillion Revenue in Q1 2025
The Nigeria Customs Service (NCS) has announced a total revenue collection of N1.751 trillion for the first quarter of 2025, surpassing its projected target for the…
NNPC Shipping Partners Stena Bulk, Caverton to Establish Regional Tanker Fleet
NNPC Shipping, a subsidiary of the Nigerian National Petroleum Company Limited (NNPCL), has entered into a strategic partnership with Stena Bulk and Caverton Marine Limited to…
Filling stations shut after Dangote Refinery’s petrol price drop
Some filling stations and petroleum products marketers, partners of Dangote Refinery’s petrol, temporarily shut down for the past five days after the latest premium motor spirit…
JUST IN: EFCC assures CBEX investors will get their money back but….
The Economic and Financial Crimes Commission (EFCC) has assured individuals who invested in the CBEX digital trading platform that they would recover their funds. The commission…
CBEX: Nigerians lose N1.3tn as digital trading platform crashes
Nigerians took to their various social media platforms to lament their losses after a digital asset trading platform, known as CBEX, allegedly swept over N1.3 trillion…
Power Generation Companies Threaten Shutdown Over ₦4 Trillion Debt
The Association of Power Generation Companies (APGC) has warned of a possible nationwide shutdown of power plants due to unpaid invoices exceeding ₦4 trillion. In a…
NERC fines 8 DisCos over N628 million for overbilling customers
THE Nigerian Electricity Regulatory Commission (NERC) said it has placed over N628 million fine on eight electricity distribution companies (DisCos) for failing to comply with monthly…
Again, Dangote Refinery Slashes Petrol Price to N865
The Dangote Petroleum Refinery has announced a reduction in the ex-gantry price of Automotive Gas Oil (diesel) to N865 per litre. This marks a N15 decrease…