Business and Economy
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NNPC Ltd. records N502bn PAT for November, 2025
By Emmanuella Anokam Abuja, Dec. 31, 2025 The Nigerian National Petroleum Company Limited (NNPC Ltd.) has reported a Profit After…
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Geometric Power recovers fully from nationwide gas crisis, resumes uninterrupted electricity supply
Geometric Power, Nigeria’s only integrated power firm, is the first electricity company in the country to recover fully from the…
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Nigeria’s economic activity strengthens in December as PMI hits 57.6 points
The Central Bank of Nigeria (CBN) has reported a further strengthening of domestic economic activity in December 2025, as the…
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NCDMB kickstarts Nigerian Content Research, Innovation and Technology Challenge, promises awards
The Nigerian Content Development and Monitoring Board (NCDMB) in December 2025 commenced the Nigerian Content Research, Innovation and Technology Challenge…
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Central Bank of Egypt, Afreximbank sign MoU for establishment of Gold Bank programme in Egypt
CAIRO, Egypt, December 30, 2025 The Central Bank of Egypt (CBE) and African Export – Import Bank (Afreximbank) (www.Afreximbank.com) yesterday…
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Air Peace refutes allegation of dumping of passengers in Barbados
Frontline airline, Air Peace Limited, has strongly refuted allegations that the airline sold tickets to Jamaica and subsequently “dumped” passengers…
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Governors, FCT Minister sued ‘over failure to account for N14trn fuel subsidy savings’
Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against Nigeria’s governors and the Minister of the Federal Capital…
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The Strategic Shift: Nigeria’s move to diversify oil trade payments By Isaac Megbolugbe
December 26, 2025 Introduction President Bola Tinubu’s recent announcement to diversify oil trade payments to include local currencies marks a…
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NIMASA DG, Mobereola felicitates with stakeholders at Yuletide
The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dayo Mobereola has felicitated with stakeholders in…
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Shelter Afrique Development Bank gets new Board leadership
Nairobi, Kenya – December 2025 Shelter Afrique Development Bank (ShafDB), the Pan-African Multilateral Development Bank (MDB) dedicated to promoting and…
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Imo Assembly passes N1.43 trn Appropriation Bill for 2026
By Ugonne Uzoma Owerri, Dec. 23, 2025 The Imo Assembly, on Tuesday, passed the Appropriation Bill for the 2026 fiscal…
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Abia Govt. restores power to 33 communities in Ukwa West
By Ihechinyere Chigemeri-Uwom Obehie (Abia), Dec. 22, 2025 The Abia Government, on Monday, restored electricity to 33 communities in Ukwa…
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Heirs Energies agrees $750m Afreximbank financing to drive long-term growth
ABUJA, Nigeria, December 22, 2025 Heirs Energies Limited (https://HeirsEnergies.com/), Nigeria’s leading indigenous integrated energy company, has executed a USD 750…
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Dangote Refinery condemns fuel price hike above ₦739/litre, nationwide
.… Warns against artificial scarcity; Urges Nigerians to report MRS’s non-compliant stations Dangote Petroleum Refinery has commenced nationwide sales…
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Fire engulfs FIRS office in Abuja
By Kadiri Abdulrahman Abuja, Dec. 20, 2025 The Federal Inland Revenue Service (FIRS) has disclosed that a fire incident occurred…
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Peter Obi denounces alleged forgery in new tax law
Former presidential candidate of the Labour Party (LP) in the 2023 election, Mr. Peter Obi, denounced the alleged forgery in…
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Fuel marketers flock to Dangote Refinery as over 1,000 trucks load daily
…Lower Prices and Reduced Minimum Purchase Volume Drive Surge in Demand Dangote Refinery has emerged as the hub of…
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Air Peace resumes daily flight operations from Ibadan, Abuja Dec. 24
By Itohan Abara-Laserian Lagos, Dec. 19, 2025 Air Peace Ltd., on Friday, announced the resumption of daily return flights between…
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Dangote Refinery’s PMS supply will reduce petrol price, says IPMAN
…Commends Dangote for its affordable petrol products …As free delivery commences in January 2026 The Independent Petroleum Marketers Association of…
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Nigeria reaffirms commitment to economic stability at U.S.–Nigeria Business Roundtable
WASHINGTON, D. C. The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, on Monday, December 15, 2025,…
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NCDMB oil, gas parks near completion, set for 2026 inauguration – Official
By Emmanuella Anokam Abuja, Dec. 15, 2025 The Nigerian Content Development and Monitoring Board (NCDMB) says its Nigerian Oil and…
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Supreme Court rules in favour of Fidelity Bank in Sagecom case
A five-member panel of the Supreme Court, led by Justice Lawal Garba, on Friday ruled in favor of Fidelity Bank…
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Afreximbank breaks ground on its iconic Trade Centre and new headquarters in Egypt’s New Capital
Cairo, Egypt, 13 December 2025 African Export-Import Bank (Afreximbank), Africa’s leading multilateral financial institution has marked a historic milestone with…
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NNPC Ltd contains Escravos-Lagos pipeline fire
By Emmanuella Anokam Abuja, Dec. 14, 2025 The Nigerian National Petroleum Company Limited, (NNPC Ltd.) says it has successfully contained…
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ADC urges transparency in Nigeria–France digital tax deal
By Nefishetu Yakubu Abuja, Dec. 14, 2025 African Democratic Congress (ADC) on Sunday called for transparency in the Nigeria-France digital…
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