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Friday, January 9, 2026

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Business

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...

Account for missing ₦50bn oil revenue – SERAP to NNPCL, threatens lawsuit

The Socio-Economic Rights and Accountability Project (SERAP) has demanded a full explanation from the Group Chief Executive Officer of the Nigerian National Petroleum Company...

Hope rises for cheaper petrol as Dangote Refinery resumes supply

There are strong indications that the price of petrol may soon drop across the country following the resumption of loading activities by petroleum marketers...

Shops, schools, banks shut down in Abia amid free Kanu protest

Economic and social activities came to a standstill in Umuahia on Monday as residents observed a widespread shutdown in response to a protest demanding...

Cooking gas prices drop nationwide

After weeks of soaring costs that strained household budgets, cooking gas prices in Nigeria have begun to fall, bringing temporary relief to consumers across...

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