Open Space enters ethical finance market
Barbara Bako, Abuja. Open Space has entered Nigeria’s growing non-interest finance market with the launch of an Ethical Finance platform offering asset-backed and Shariah-compliant financial products to individuals and businesses.…
NNPCL, OML 118 partners amend PSC, dispute settlement agreement
NNPCL, OML 118 Partners Amend PSC, Dispute Settlement Agreement The Nigerian National Petroleum Company Limited and the OML 118 contractor parties have executed an addendum to the OML 118 Production…
CBN holds benchmark interest rate at 26.5%
Barbara Bako, Abuja. The Monetary Policy Committee (MPC) of the Central Bank of Nigeria has retained the Monetary Policy Rate (MPR) at 26.5 per cent, citing the need to sustain…
NMDPRA says Refineries near full capacity
Barbara Bako, Abuja The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says domestic refining activities strengthened significantly in April 2026, with average refinery capacity utilisation rising to 99.12 per…
DataPro outlines key drivers of sovereign credit ratings
DataPro outlines key drivers of sovereign credit ratings Barbara Bako, Abuja DataPro Limited, a credit rating agency, has highlighted the critical factors that shape sovereign credit ratings, noting that a…
FG halts NNPC deductions as executive order 9 takes effect
The Federal Government has commenced implementation of Executive Order 9 of 2026, with a directive stopping key deductions by the NNPC Limited and suspending certain petroleum revenue remittances, in a…
Cardoso calls on African Central Banks to back Climate-Resilient growth
Barbara Bako, Abuja. Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has called on African central banks and development finance institutions to intensify collaboration to drive growth,…
Dangote refinery raises petrol price to N799/litre
The Dangote Petroleum Refinery has raised the gantry price of Premium Motor Spirit (PMS) from N699 to N799 per litre, marking a post-festive price realignment aimed at sustaining long-term market…
Nigeria moves to integrate Global Islamic Finance Standards — FRC
Nigeria is taking concrete regulatory steps to integrate global Islamic finance standards into its financial reporting system, as the Financial Reporting Council of Nigeria (FRC) intensifies reforms under the Nigerian…
















