Dangote refinery announces reduction in fuel price
The Dangote Petroleum Refinery says it has reduced the price of its Premium Motor Spirit from N990 per litre to N970/litre. LEADING REPORTERS reports that this…
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Business
Nigerian business and economy news: the naira, CBN policy, inflation, oil and gas, banking, markets, budgets and companies.
Africa & World
China Discovers Massive Gold Reserves in Hunan
China has uncovered a significant gold deposit in Hunan province, valued at an estimated $83 billion. The discovery, made in Pingjiang County, includes over 40 gold…
BREAKING: FG Obeys Court’s Order, Stops FAAC Allocation to Rivers State
The Nigerian government has confirmed that it has stopped the October monthly Federation Account Allocation Committee (FAAC) revenue payment to Rivers State. The development comes amid…
“We strongly support Tinubu’s Economic Reforms” – IMF
Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), has expressed strong support for Nigeria’s economic reforms under President Bola Tinubu’s administration. Georgieva made the…
BREAKING: Kerosene hits N2,000 per litre
More pressure on ordinary Nigerians as kerosene hits N2,000 per litre The National Bureau of Statistics (NBS) has reported another sharp rise in kerosene prices. According…
Dangote Refinery Begins Petrol Export to West African Countries
The Dangote Petroleum Refinery has commenced the export of refined petroleum products to neighboring West African countries, marking a potential shift in regional fuel markets. According…
Anambra Residents Lament As Cash Shortage Hits State Ahead of December
Awka, the capital of Anambra State, is currently experiencing a cash shortage as several banks reportedly struggle to meet withdrawal demands from customers. Findings by reporters…
BREAKING: Nigeria’s inflation rate rises to 33.8% -NBS
The National Bureau of Statistics says Nigeria’s inflation rate was 33.88 percent in October — up from 32.7 percent in September. The data is captured in…
FG proposes N47.9trn as 2025 budget
The federal government has proposed N47.9 trillion as the total expenditure in the 2025 budget. Atiku Bagudu, the minister of budget and economic planning, told journalists…
FG secures $134m AfDB loan to boost Agriculture
The Federal Government has secured a $134 million loan from the African Development Bank (AfDB) to enhance agricultural production, with a focus on the seeds and…