Business
Petrol imports fall 26% to 14.6 million litres
Nigeria’s daily average petrol imports fell 26% to 14.6 million litres in August 2026, from 19.7 million litres in July, according to the Nigerian Midstream and Downstream Petroleum…
Faesol Ogungbayi
I write.
Business
FG raises ₦6.69bn from September savings bond at 15.12% – DMO
ABUJA, Nigeria — The Federal Government of Nigeria raised ₦6.69 billion (about US$5.04 million) through its September 2026 Federal Government of Nigeria Savings Bond (FGNSB), offering annual interest…
Business
SEC gives public companies October 15 deadline for IFRS plans
ABUJA, Nigeria — The Securities and Exchange Commission (SEC) has given public companies and significant public interest capital market operators until October 15, 2026, to submit plans for…
World News
US commits $267m to Ebola response as DRC deaths exceed 3,700
NEW YORK, United States — The United States has committed an additional $267 million to support the Ebola response in the Democratic Republic of Congo (DRC), where deaths…
Business
Nigeria’s rate cut narrows carry-trade edge against Ghana
ABUJA, Nigeria — Nigeria’s interest-rate differential over inflation narrowed to 7.61 percentage points after the Central Bank of Nigeria (CBN) cut its benchmark rate by 350 basis points…
Business
Ghana MPC meets as inflation rises to 5%, cedi faces pressure
ACCRA, Ghana: Ghana’s Monetary Policy Committee has begun its September meeting as inflation rose to 5% in August from 4.6% in July, while renewed pressure on the Ghana…
Business
CBN’s 350bp rate cut may boost growth, pressure FX
ABUJA, Nigeria — The Central Bank of Nigeria (CBN) cut its benchmark interest rate from 26.5% to 23% on September 22, 2026, reducing the Monetary Policy Rate by…
Business
NMDPRA threatens licence revocation over fuel under-dispensing
LAGOS, Nigeria: The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has warned petrol station operators nationwide that persistent or serious under-dispensing of petroleum products could lead to…
Business
NEPZA tightens import checks to curb illegal imports – Authority
ABUJA, Nigeria — The Nigeria Export Processing Zones Authority (NEPZA) has ordered stricter checks on imports into Free Trade Zones to curb illegal importation and other regulatory breaches.…
Business
Port offenders face ₦20m fines as NPERA steps up enforcement
LAGOS, Nigeria — Organisations that repeatedly violate port regulations in Nigeria could face fines of up to ₦20 million (about US$15,024) and prosecution as the Nigerian Ports Economic…
Business
Foreign operators put pressure on Nigerian traders – stakeholders
LAGOS, Nigeria — Nigerian traders and business operators say the growing presence of foreign nationals in sectors including trading, freight forwarding, construction, mining and agriculture is putting pressure…
Politics
67.4% of surveyed Nigerians back fuel subsidy restoration – SBM
ABUJA, Nigeria — 67.4% of surveyed Nigerian voters said they support restoring the petrol subsidy, compared with 19.2% who rejected the position, according to Wave 2 of the…
Business
Dangote Refinery plans New York listing after 2029 expansion
LAGOS, Nigeria — Dangote Petroleum Refinery and Petrochemicals FZE plans to list its shares on the New York Stock Exchange after expanding its crude-processing capacity to 1.4 million…
Business
CBN to sell N500bn in final Q3 Treasury Bills auction
ABUJA, Nigeria — The Central Bank of Nigeria (CBN) will auction ₦500 billion (about US$375.6 million) in Nigerian Treasury Bills on September 23, 2026, marking the final Treasury…
Business
Ingentia targets drilling expansion after 150% output rise
LAGOS, Nigeria — Ingentia Energies Limited plans to expand its drilling operations after increasing oil production by 150 per cent during the tenure of former acting Chief Executive…
Business
NGX hits record high as FTSE reclassification boosts demand
ABUJA, Nigeria — Nigeria’s equities market rose to a record 249,804 points, while total market capitalisation crossed ₦162 trillion, about $121.7 billion, as demand increased for major banking,…