N80bn Spent on Travels by 29 Governors in Six Months   Fresh findings have revealed that 29 state governors spent N79.97bn on domestic and international travel expenses between January and June 2025. This made the financial prudence and spending discipline of state...

Tinubu Appoints New NERC Chairman, Commissioners   President Bola Tinubu has nominated Abdullahi Ramat as the new Chairman/Chief Executive Officer of the Nigerian Electricity Regulatory Commission (NERC). Tinubu also nominated Abubakar Yusuf as the Commissioner of Consumer Affairs and Dr Fouad Animashun...

NGX Surges by N479bn as Insurance and Consumer Goods Stocks Lead Rally   The Nigerian Stock Exchange (NGX) recorded a market value gain of N479bn at the close of trading on Thursday, August 7, 2025. This impressive growth was driven largely...

Dangote Increases Petrol Price, Resumes Sales After One-Week Suspension   The Dangote Petroleum Refinery has resumed the sale of Premium Motor Spirit, popularly known as petrol, after a one-week suspension, with a revised ex-depot price of N850 per litre, up from...

CBN to Take Legal Action Against FX Contract Defaulters Post-Audit   The Central Bank of Nigeria (CBN) has disclosed that it is considering legal actions against the violators of the foreign exchange forward contracts after the completion of a forensic audit...

RMRDC Calls for 60% Reduction in Raw Material Imports   The Raw Materials Research and Development Council (RMRDC) has stated that Nigeria must reduce its dependence on imported raw materials by at least 60 per cent within the next five years...