Nigeria’s FX reserves surge to $50.11bn, highest in 17 years
Nigeria’s external reserves have climbed to $50.11 billion as of June 5, 2026, marking their highest level in 17 years, according to data from the Central Bank of Nigeria (CBN).…
AGPC MD seeks stability, infrastructure to boost domestic gas
The Managing Director of ANOH Gas Processing Company (AGPC), Mr. James Makinde, has called for reforms in Nigeria’s domestic gas sector, stating that regulatory stability, infrastructure development, and contract sanctity…
FG, governors court investors at Invest Lagos 3.0 summit
President Bola Tinubu on Monday projected Lagos as Africa’s leading destination for business, innovation and economic growth, describing the state as the gateway to the continent’s economic future and a…
Finance ministry clears payments for 1,240 contractors, boosts business liquidity
The Federal Ministry of Finance has approved payments to more than 1,240 local contractors in a move aimed at boosting liquidity for businesses and reinforcing the Federal Government’s commitment to…
UAE banking giant First Abu Dhabi, Etihad to launch in Nigeria
The United Arab Emirates (UAE) has announced plans for First Abu Dhabi Bank (FAB), the country’s largest bank, to establish operations in Lagos, while Etihad Airways is set to begin…
Dangote Refinery slashes petrol price to N1,250/litre
Dangote Petroleum Refinery has reduced its petrol gantry price by N25 per litre, lowering the rate from N1,275 to N1,250 per litre amid a decline in global crude oil prices.…
EU slams Temu with $232m fine over illegal products
The European Union has fined Chinese-owned online retail platform Temu €200 million ($232 million) for allegedly allowing the sale of illegal and unsafe products across its marketplace. EU regulators announced…
Otedola to invest ₦137.22bn in Dangote Refinery
Billionaire businessman Femi Otedola has announced plans to invest $100 million (approx. ₦138 billion) in the Dangote refinery ahead of its planned initial public offering (IPO). Otedola disclosed this on…
IMPI defends Tinubu’s borrowing for infrastructure
The Independent Media and Policy Initiative (IMPI) has defended the borrowing policy of President Bola Tinubu’s administration, insisting that debt financing remains necessary to bridge Nigeria’s massive infrastructure deficit. In…
Tinubu welcomes $4.7bn France-Nigeria trade growth at Nairobi summit
President Bola Tinubu has welcomed the outcomes of the 10th France-Nigeria Business Council Meeting held during the Africa Forward Summit in Nairobi, Kenya, saying the partnership between both countries has…
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