Petrol price war: Retailers undercut Dangote’s ₦739 benchmark

Competition in Nigeria’s downstream oil sector intensified as several petrol retailers cut pump prices below the N739 per litre benchmark set by the Dangote Petroleum Refinery, signalling a deepening price…

NIRSAL backs over N100bn agric loans in 2025

Barbara Bako, Abuja. The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) Plc says it approved credit guarantees of more than N100 billion for agricultural loans and investments in…

NAICOM reaffirms support for takaful insurance growth

Barbara Bako, Abuja The National Insurance Commission (NAICOM) has restated its commitment to the development of Takaful insurance in Nigeria, as it hosted members of the Takaful Advisory Council (TAC).……

FCMB Pensions sets N1.2trn asset goal for December 2025

Barbara Bako, Abuja. FCMB Pensions Limited, a subsidiary of FCMB Group Plc, has set a target to grow its assets under management (AUM) to N1.2 trillion by December 2025, despite…

PenCom disburses over N600bn from N758bn pension bond

Barbara Bako, Abuja. The National Pension Commission (PenCom) has commenced the disbursement of the N758 billion Federal Government bond approved to settle outstanding pension liabilities, with over N600 billion already…

Farouk Ahmed denies allegations as Dangote feud deepens, probe looms

Barbara Bako, Abuja. The Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Engr. Farouk Ahmed, on Wednesday issued a formal disclaimer distancing himself from allegations circulating…

NDIC begins liquidation of ASO Savings, Union Homes

Barbara Bako, Abuja. The Nigeria Deposit Insurance Corporation (NDIC) has commenced the liquidation of Aso Savings and Loans Plc and Union Homes Savings and Loans Plc following the revocation of…

CBN revokes ASO Savings, Union Homes licences in mortgage sector clean-up

Barbara Bako, Abuja. The Central Bank of Nigeria (CBN) has revoked the operating licences of Aso Savings and Loans Plc and Union Homes Savings and Loans Plc, in a decisive…

Dangote refinery drops petrol to N699 per litre

The Dangote Refinery has reduced its petrol gantry price, slashing the ex-depot rate from N828 to N699 per litre.… Real-time market data published on Petroleumprice.ng on Friday showed that the…

Nigeria advances toward T+1 settlement as SEC announces sweeping market reforms

Barbara Bako, Abuja. Nigeria is moving closer to a T+1 and eventually T+0 settlement cycle as the Securities and Exchange Commission (SEC) rolls out a broad set of reforms aimed…