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Category: Business
Nigerians spent N1.3tn on petrol in June — NMDPRA
Amid rising energy costs, Nigerians spent about N1.3tn on buying Premium Motor Spirit (petrol) to power their vehicles and electricity generators in June, as consumption…
Govt, stakeholders to explore industrial policy at W’Africa summit
The Federal Government has committed to exploring strategies for implementing the new National Industrial Policy to scale industries and transform West Africa’s economic future, alongside…
Nigeria reaffirms commitment to One-China Principle in socio-economic growth
The Nigerian government has reaffirmed its commitment to the One-China principle in the manufacturing and general socio economic development of the country. The Director General…
Tinubu meets NGX, SEC chiefs in Brazil, hails capital market gains
President Bola Tinubu on Tuesday praised the “remarkable growth” of Nigeria’s capital market under his administration, THE PRIME NEWS reports. This is as he credited…
CBN announces fresh migration deadline for Nigerian banks, others
The Central Bank of Nigeria (CBN) has announced a new deadline and directive to all Nigerian banks, Mobile Money Operators, MMOs, Switching and Processing Companies,…
Forcados leads crude production as Nigeria records 1.71 mbpd in July — NUPRC
The Forcados oil terminal, owned by Renaissance Africa Energy Company Limited, recorded the highest crude oil output as Nigeria’s production rose to 1.71 million barrels…
Tinubu orders temporary ban on raw shea nuts export
President Bola Ahmed Tinubu has approved a temporary suspension on the export of unprocessed shea nuts. The announcement was made on Tuesday by the Minister…
Petrol price cut: Dangote Refinery mum over failed fuel distribution deadline
Nigeria’s mega Dangote Refinery has remained mum over its unmet self-imposed August 15, 2025, deadline to begin nationwide premium motor spirit and automotive gas oil…
25 countries suspend package deliveries to US over new tariff rules
The UN postal agency said Tuesday that 25 countries had decided to suspend package deliveries to the United States, as concern grows over the impact…
13% derivation fund eases oil-producing states’ debt by N611bn
Oil-producing states reduced their domestic debt burden by about N610.84bn between June 2023 and March 2025, as they received record inflows from the 13 per…