2 Nigerians Make Forbes’ 2025 List Of America’s Richest Immigrants
Two Nigerians have been named among America’s richest immigrants in Forbes 2025 list. Adebayo “Bayo” Ogunlesi and Tope Awotona were selected from a group of 125 billionaires who were born in 41 different countries. Their achievements show that hard work and smart decisions can lead to global success, no matter where you come from. Adebayo […]
Don’t rush Nigerian refinery sales — Iledare warns, gives Tinubu, NNPCL best solution
Selling Nigeria’s refineries too quickly could create more problems than it solves — that’s the warning from Professor Wumi Iledare, a top petroleum economics expert. He’s asking President Bola Tinubu and the Nigerian National Petroleum Company Limited (NNPCL) to avoid rushing into any refinery sales. Instead, he believes they should use a smarter, more transparent […]
Court Seals Keystone Bank In Abuja For Withholding Customers Funds
A High Court in Abuja has shut down Keystone Bank’s regional office after customers complained that the bank refused to release their money. The complaints said the bank blocked access to funds and would not allow people to make withdrawals, even when the requests were legitimate. Several customers said they had reached out to the […]
Nigerian Businessman, BLord Sets Tongues Wagging As He Reveals His Net Worth In Dollars
Popular Nigerian businessman Linus Williams, better known as BLord, recently opened up about how much he is worth in US dollars. This happened during an interview that has since caused a buzz online. During the conversation, the interviewer asked BLord to estimate his net worth in dollars. In response, BLord confidently stated that he is […]
Dangote Refinery Set To Process 100% Local Crude By End Of 2025
The Dangote Refinery is planning a big change — it wants to use only crude oil produced in Nigeria by the end of 2025. This will stop the need to import oil from other countries and help boost the local oil market. A recent Bloomberg report said that in June, about half of the oil […]
Stakeholders bemoan 53% cement price increase amid Tinubu govt’s reforms
Nigerians are complaining again as the price of cement keeps going up, even though companies like Dangote and BUA earlier promised to reduce it. People are frustrated that these promises have not been kept. Recent checks show that a 50kg bag of cement now sells for between N9,500 and N12,000, depending on where you buy […]
CBN clarifies Non-Resident BVN charges for Diapora Nigerians
The Central Bank of Nigeria (CBN) has addressed concerns raised about the Non-Resident Bank Verification Number (NRBVN) platform. The bank made it clear that Nigerians living in Nigeria can still register for BVN without paying any fee. There are no hidden charges for local residents. CBN’s acting director of corporate communications, Mrs. Hakama Sidi Ali, […]
Dangote Refinery reduces fuel price as petrol marketers hold emergency meeting
Dangote Refinery has reduced the price of petrol at its depot from N880 to N840 per litre. This change is expected to help reduce the cost of fuel across the country. The president of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Abubakar Maigandi, confirmed the price cut in an interview. He said marketers are […]
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 […]