FCMB Opens New Branch at Sangotedo in Lagos
First City Monument Bank (FCMB) has opened a new branch in Sangotedo, located along the Lekki-Epe Expressway in Lagos. The official opening ceremony happened on June 26, 2025, and was attended by FCMB leaders and important community members, including traditional chiefs and local government officials. During the event, local leaders showed strong support for the […]
Naira returns to depreciation against dollar at official foreign exchange market
The Nigerian naira dropped in value again at the official foreign exchange market, closing the week with a downward trend. According to new data from the Central Bank of Nigeria, the naira traded at ₦1,539.24 to the US dollar on Friday. This shows it lost ₦3.12 from Thursday’s rate of ₦1,536.08. This loss came right […]
Saboteurs are working against corruption-free transformation — NNPC raises alarm
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has raised the alarm, saying that some people are working behind the scenes to stop its new reforms. The company said these people are trying to stop efforts to make NNPC more honest and effective. Since Bayo Ojulari became the new boss of NNPC on April 2, […]
Businessman, Simon Guobadia says he regrets marriage to Porsha Williams, claims he was targeted for ‘financial reasons’
Nigerian businessman Simon Guobadia, who used to be married to reality TV star Porsha Williams, has finally spoken about their divorce. Simon shared his honest feelings, saying he deeply regrets getting married to Porsha, a star on The Real Housewives of Atlanta. He believes the marriage wasn’t real and that he was only targeted for […]
Naira rises to N1,590/$ in Parallel market
The Nigerian naira saw a small improvement against the US dollar in the black market on Wednesday, June 25, 2025. It moved up from N1,595 on Tuesday to N1,590 per dollar. In the official Nigerian Foreign Exchange Market (NFEM), the naira also gained slightly. It closed at N1,549 per dollar, showing a bit of strength. […]
Naira gains against dollar in black market
The Nigerian naira made a good start to the week by gaining some strength against the US dollar in the black market on Monday, June 23. Currency dealers around Ikeja in Lagos shared that by the end of the day, the dollar was selling at ₦1,590. This is an improvement of ₦10 compared to the […]
Concerns over missing N210 trillion NNPCL funds as TI, Nigerians demand thorough probe
Once again, people are worried about how NNPCL handles its money. This time, the concern is about N210 trillion that is missing from their financial reports between 2017 and 2023. Last week Wednesday, during a Senate Committee meeting led by Aliyu Wadada, it was revealed that this huge amount of money was not properly recorded […]
NNPC hikes petrol price to N915 in Lagos, N945 in Abuja
The Nigerian National Petroleum Company (NNPC) has increased the cost of petrol. In Lagos, a litre now sells for N915, while in Abuja, it is N945. This is a jump of N45 in Lagos and N35 in Abuja when compared to the previous prices of N870 and N910 per litre. Other petrol stations are also […]
Fidelity Bank funds construction of Nigeria’s first privately built onshore oil export facility in 50 years
In a major step forward for Nigeria’s oil sector, Fidelity Bank has helped fund the construction of the country’s first privately owned onshore crude oil export terminal in more than 50 years. This new terminal is located at the Otakikpo Marginal Field in Rivers State and is managed by Green Energy International Limited (GEIL). The […]
Why Oil Companies Are Leaving Nigeria – PENGASSAN
Oil companies are steadily pulling out of Nigeria, and PENGASSAN, the union for senior oil and gas workers, says worsening insecurity is the main reason. On Monday, the group raised concerns that even with the Federal Government’s new efforts to lower costs, the real problem—violence and insecurity, especially in river areas—remains unresolved. They believe insecurity […]