Kaduna refinery delay unacceptable – PETROAN tells NNPC
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has raised concerns about the long delay in fixing the Kaduna Refinery. They are calling on the Nigerian National Petroleum Company (NNPC) Limited to give Nigerians a clear date for when the project will be completed. Even though the government has made many promises, the […]
NCC, Telecom Providers Punishing Us – Mobile Users, Activists, Others Raise Alarm
Nigerians are angry about the recent increase in telecom charges, especially people in the North whose businesses depend on mobile services. Many Nigerians, especially in the northern region, are upset about the sharp rise in telecom costs. The extra cost is hurting businesses and daily life. The Nigerian Communications Commission (NCC) recently approved a 50% […]
Naira continues appreciation at official foreign exchange market
Nigeria’s currency, the naira, showed a mixed performance on Tuesday as it continued to strengthen in the official foreign exchange market but fell slightly in the black market. According to data from the Central Bank of Nigeria (CBN), the naira appreciated slightly at the official rate, moving from N1,600.44 per dollar on Monday to N1,600.030 […]
50% telecom tariff hike: POS operators to hike charges
The Association of Mobile Money and Bank Agents in Nigeria (AMMBAN) has said that its members might need to raise their service fees. This is because of the recent 50% increase in telecom service costs approved by the Federal Government. Ogungbayi Ganiyu, who is the national public relations officer of AMMBAN, shared this during a […]
Bill Gates Pledges To Donate 99% Of Fortune, Shut Gates Foundation By 2045
Bill Gates, the co-founder of Microsoft, has announced that he will give away 99% of his fortune—over $100 billion—to the Bill & Melinda Gates Foundation. He also shared that the foundation will close on December 31, 2045. Earlier, the plan was to shut it down 20 years after his death, but now he wants to […]
Naira continues depreciation against dollar across official, black FX markets
The Naira’s struggle against the dollar continues, with its value dropping on Thursday in both the official and black market exchange rates. According to the latest data from the Central Bank of Nigeria (CBN), the official exchange rate saw the Naira fall further to N1609.64 per dollar, compared to N1,608.60 the day before. This means […]
Banks’ borrowings from CBN drop 97% to ₦380 billion in April
In April 2025, banks’ borrowing from the Central Bank of Nigeria (CBN) dropped sharply by 97.6%, falling to ₦380 billion from ₦16.5 trillion in March. This significant decline suggests that the liquidity situation in the banking sector has improved. Data from the CBN shows that banks borrowed a total of ₦50.46 trillion in the first […]
‘Cabals’ still fighting against our refinery — Dangote
The Chairman of Dangote Group, Alhaji Aliko Dangote, has revealed that certain powerful individuals in Nigeria’s oil and gas sector are still working against the success of his $20 billion refinery project. Despite these challenges, Dangote remains optimistic about overcoming them. He expressed his unwavering commitment to ensuring the refinery succeeds, stating that he is […]
CBN’s Gold Reserves Gain Over N1 Trillion In 2024 As Prices Hit Record Levels
The Central Bank of Nigeria (CBN) reported a significant rise in its gold reserves in 2024. By the end of December 2024, the value of its gold holdings reached N2.77 trillion, up from N1.28 trillion at the close of 2023. This growth was primarily due to a sharp increase in global gold prices. While the […]
NNPCL reduces fuel price to N910 per litre
The Nigerian National Petroleum Company Limited (NNPCL) has lowered the price of petrol at its stations. The new pump price is now N910 per litre, down from N935. This change was noticed at several NNPCL outlets in Abuja, including Kubwa Expressway, Zone 4, and Gudu. The N20 price drop has attracted many drivers to NNPCL […]