CBN to Release Open Banking Roadmap Within Three Months The Central Bank of Nigeria plans to issue an implementation roadmap for Open Banking within the next three months, as part of efforts to close technical gaps and strengthen the country’s...

Dangote Refinery Not Importing Fuel, Says MD The Managing Director of the Dangote Petroleum Refinery, David Bird, has said that the $20bn facility is not importing finished petroleum products, explaining that the refinery operates a merchant refining model that does...

Shettima Launches 25-Year Economic Blueprint for Southeast Vice President Kashim Shettima yesterday unveiled a 25-year development blueprint for the South-East region, describing the region as a central pillar of Nigeria’s economic future. He unveiled the blueprint on Wednesday during the South-East...

Reopening Port Harcourt Refinery Wasteful After Gulping $1.5bn - NNPCL  The Group Chief Executive Officer of NNPC Limited, Engr. Bayo Ojulari, has stated that the reopening of the Port Harcourt Refinery and Petrochemical Company as a huge waste of resources,...

FG, World Bank Roll Out $500m Support Fund for DisCos The Federal Government, in collaboration with the World Bank, is set to inject $500 million into Nigeria’s ailing electricity distribution sector under the Distribution Sector Recovery Programme (DISREP), as part...

Naira Mutual Funds Soar 140% Amid Shift Toward Local Currency Investments Naira-denominated mutual funds have recorded a sharp surge of about 140% over the past year, as investors increasingly pivot toward local currency assets in what analysts describe as a...