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 […]
Dangote vows ‘major shakedowns’ in Nigeria’s oil sector
Aliko Dangote, the billionaire businessman and owner of the Dangote Refinery, has said that Nigeria’s downstream oil sector is about to experience major changes. He spoke to reporters shortly after President Bola Ahmed Tinubu visited the Dangote Refinery in Lekki, Lagos. The refinery has the capacity to process 650,000 barrels of oil per day, making […]
CBN reports highest domestic forex inflow in six years
The Central Bank of Nigeria (CBN) has announced that foreign currency inflows from local sources have reached their highest point in six years. This shows that confidence in Nigeria’s economy is growing. This rise is linked to new government policies aimed at improving the economy. These changes have helped boost foreign currency coming into Nigeria’s […]