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Tuesday, December 16, 2025

CATEGORY

Business

Nigeria’s inflation drops to 14.45% in November – NBS

Nigeria’s headline inflation rate moderated in November 2025, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics...

Dangote Refinery slashes petrol price

The Dangote Refinery has significantly lowered its ex-depot petrol price to position itself competitively against the Nigerian National Petroleum Company Limited and other fuel...

NNPCL cuts fuel price as Dangote, depot owners slash ex-depot rates

The Nigerian National Petroleum Company Limited has reduced the pump price of petrol following fresh cuts in ex-depot rates by Dangote Refinery and major...

CBN holds interest rate at 27%

Nigeria’s top financial regulators have opted to sustain their aggressive anti-inflation stance, keeping the Monetary Policy Rate (MPR) unchanged at 27 percent. The decision reflects...

CBN warns Nigerians as illegal microfinance bank opens branches in four states

The Central Bank of Nigeria has raised the alarm over the activities of a firm operating as Zuldal Microfinance Bank Limited, declaring that it...

BREAKING: Nigeria’s inflation rate falls to 16%

Nigeria’s headline inflation rate dropped to 16.05 per cent in October 2025, the National Bureau of Statistics (NBS) has reported. The bureau disclosed the development...

FG halts 15% import duty plan, assures steady fuel supply nationwide

The Nigerian Federal Government through the Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has shelved the proposed 15 per cent ad-valorem import duty earlier...

AEDC sacks 800 workers amid economic hardship, poor power supply

The Abuja Electricity Distribution Company (AEDC) has begun a mass retrenchment exercise that has seen about 800 employees lose their jobs, further heightening public...

Filling stations slash petrol prices as landing cost drops below Dangote Refinery rate

Fuel marketers across Abuja have started reducing the pump price of Premium Motor Spirit (PMS), following a continued fall in the landing cost of...

Trump’s military threat over ‘genocide’ endangers naira, investor confidence – CPPE

The Centre for the Promotion of Private Enterprise (CPPE) has warned that the recent military threat issued by former United States President Donald Trump...

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