Foreign Inflows Drive Banking Capital to $3.1bn in Three Months Capital importation into Nigeria’s banking sector surged to over $3.1bn in the first quarter of 2025, according to data released by the National Bureau of Statistics on Tuesday. NBS data also showed that the manufacturing sector...

FG to Power 5 Million Homes with Clean Cooking Gas The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, said the Federal Government plans to move five million homes to clean cooking through its Liquefied Petroleum Gas penetration initiative. He said the five million...

FG, US Strengthen Partnership to Boost Economy - Edun The Federal Government has reiterated its dedication to enhancing trade and investment ties with the United States as part of its broader strategy to drive economic growth and development. This commitment was made during a meeting between...

Dangote’s Net Worth Hits $29.3bn on Refinery, Cement Gains - Report The fortune of Aliko Dangote, President of the Dangote Group, has surged to $29.3 billion as of August 5, 2025, according to the latest data from the Bloomberg Billionaires Index, driven by strong performance...

Fuel Retailers Reject NMDPRA’s Proposed Decommissioning Rules The Nigerian Midstream and Downstream Petroleum Regulatory Authority has proposed fresh rules on the safe decommissioning of filling stations, sparking opposition from retail outlet owners in the downstream sector. The draft regulation, currently undergoing public scrutiny at the Stakeholders’...

President Tinubu Appoints 39-year-old Engr Ramat as Chairman/CEO NERC In a forward-looking move to drive reform and innovation in Nigeria’s electricity sector, President Asiwaju Bola Ahmed Tinubu has approved the appointment of Engr. Dr. Abdullahi Garba Ramat as the new Chairman and Chief Executive Officer...