Economy
Gold Surges Above 5 200 an Ounce to Reach Record High Levels
Gold prices climbed above 5 200 an ounce on January 28 in a historic rally as investors rushed into the precious metal amid...
Lagos Assembly Denies Allegations of Budgeting for Abuja Houses for Lawmakers
LAGOS – The Lagos State House of Assembly has strongly refuted claims that it included funds in the 2026 Appropriation Law to purchase...
CBN Upgrades Fintechs and Microfinance Banks to National Licences
The Central Bank of Nigeria (CBN) has upgraded the operating licences of several major financial technology firms and microfinance banks (MFBs) to national...
Dangote Refinery Increases Petrol Price Amid Commitment to Market ility
Dangote Petroleum Refinery and Petrochemicals has raised the ex-gantry price of Premium Motor Spirit (PMS), commonly known as petrol, from N699 per litre...
SMEs Access Only 0.51% of Banks’ Credit Over 10 Years in Nigeria
Data from the Central Bank of Nigeria (CBN) reveals that small and medium-sized enterprises (SMEs) in Nigeria face severe financing constraints, despite being...
BUA Cement to Build $240 Million, 3-Million-Tonne Cement Plant in Sokoto
BUA Cement Plc has announced plans to construct a 3-million-tonne-per-annum cement production line in Sokoto, in a $240 million project aimed at boosting...
Dogara Says ADC Lacks Credible Alternatives, Urges Nigerians to Support Tinubu Reforms
Former Speaker of the House of Representatives, Yakubu Dogara, has criticised leaders of the African Democratic Congress (ADC), saying the party cannot be...
CBN Resolves 9,771 Bank Customer Complaints in H1 2025 Amid Surge in Reports
The Central Bank of Nigeria (CBN) has resolved 9,771 out of 10,704 bank customer complaints received in the first half of 2025 (H1’25),...
Nigeria’s Exports to Africa Rise 14% to N4.82 Trillion in H1 2025
Nigeria’s exports to African countries climbed to N4.82 trillion in the first half of 2025, representing a 14 per cent year-on-year increase compared...
CBN Sets New Minimum Standards for ATM Deployment and Operations
The Central Bank of Nigeria (CBN) has introduced new minimum standards for the deployment, operations, maintenance, and security of Automated Teller Machines (ATMs)...
