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Category: Business
US: Trump’s govt to impose $15,000 bond on Nigerians, other tourist visa applicants
United States government has announced it will soon begin requiring bonds as high as $15,000 from Nigerians and other tourist and business visa applicants. This…
Naira records first depreciation against dollar at official foreign exchange
The Naira recorded depreciation against the Dollar at the official foreign exchange on Wednesday for the first time since Monday, July 28, 2025. According to…
Nigerian govt to earn N796bn yearly from 5% petrol surcharge
The Nigerian government will rake in an estimated N796 billion in revenue annually from a five percent surcharge on locally produced and imported premium motor…
Nigerians will soon become co-owners of my refinery upon NGX listing – Aliko Dangote
The President of the Dangote Group, Aliko Dangote, has announced that Nigerians will soon have the opportunity to own shares in his $20 billion refinery…
Naira appreciates against dollar to resume week
The naira began the week with a gain against the dollar at the official foreign exchange market. The Central Bank of Nigeria’s foreign exchange data…
Nigeria’s cashless payment hits N250trn as active bank accounts surge to 320m — NIBSS
The Nigeria Inter-Bank Settlement System (NIBSS’s), has announced that the country’s cashless transactions rose to N295 trillion in the first quarter of 2025, up from…
Dangote Refinery discontinues lawsuit against NMDPRA, NNPCL, marketers
Dangote Petroleum Refinery and Petrochemicals has withdrawn its lawsuit against the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), the Nigerian National Petroleum Company Limited…
FG launches N10m support scheme for tertiary institution workers
The Federal Government has launched a loan fund to support staff of tertiary institutions. The fund, known as the “Tertiary Institution Staff Support Fund,” is…
Dangote Refinery turns Nigeria into net crude importer with 10m barrels monthly
President of Dangote Group, Aliko Dangote, has said that his refinery imports between 9 and 10 million barrels of crude from the United States of…
ICPC, EFCC asked to investigate 31 MDAs over N103.8bn, $950,912 financial infractions
The Economic and Financial Crimes Commission (EFCC) and Independent Corrupt Practices and Other Related Offences Commission (ICPC) have been petitioned to investigate 31 ministries, departments…