CBN affirms strength of banking sector

…Issues routine transitional guidance for selected institutionsBarbara Bako, Abuja. As part of its ongoing efforts to strengthen the banking system, the Central Bank of Nigeria (CBN) has introduced time-bound measures…

Petrol station owners protest Dangote’s fuel distribution plan

Petrol station owners protest Dangote’s fuel distribution plan The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has protested against Dangote Refinery’s planned nationwide distribution of Premium Motor Spirit…

Dangote sets date for nationwide fuel distribution

Dangote Petroleum Refinery has unveiled plans to commence nationwide distribution of Premium Motor Spirit (PMS) and diesel from August 15, 2025. A statement from the Refinery on Sunday said the…

Dangote to retire from Sugar business after 20 years

….Arnold Ekpe takes over as chairman After two decades of steering Dangote Sugar Refinery Plc to industry leadership, Africa’s richest man, Aliko Dangote, will formally retire as Chairman of the…

Lagos takes delivery of new coaches for Blue Line Rail

Lagos takes delivery of new coaches for Blue Line Rail The Lagos State Government has taken a delivery of three brand-new train sets of 12 coaches in for the Lagos…

MAN urges CBN to order manufacturers’ accounts unfreeze

MAN urges CBN to order manufacturers’ accounts unfreeze The Manufacturers Association of Nigeria (MAN) on Thursday urged the Central Bank of Nigeria to expedite actions to see its members’ accounts…

IRWG to unveil agro processing clusters in Kano

The Industrial Revolution Work Group (IRWG) said plans are at verge of completion to establish an agro processing zone with focus on cassava value chain in Kano and some other…

Dangote reduces petrol price to ₦875–₦905 Nationwide

The Dangote Petroleum Refinery has announced a fresh reduction in the pump price of Premium Motor Spirit (petrol) across the country, with new rates now ranging from N875 to N905…

Afreximbank posts solid Q1 results, meets expectations

Barbara Bako, Abuja. African Export-Import Bank (“Afreximbank” or the “Group”) has released the consolidated financial statements of the Bank and its subsidiaries for the three months ended 31 March 2025.…

CBN holds MPR at 27.5% to steer economic stability

The monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) has again retained the monetary policy rate (MPR), which benchmarks interest rates in the country, at 27.50 percent.…