Petrol Price to Hit N905/Litre This Year - CBN   The Central Bank of Nigeria (CBN) has projected that the pump price of petrol would hover around N950 per litre in the year 2026. The CBN stated this in its 2026 Macroeconomic Outlook for Nigeria. In its...

Minister Charges NMDPRA to End Recurring Tanker Explosions The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has urged the new Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Saidu Aliyu Mohammed, to prioritise ending the recurring tanker explosions across the...

Kano’s DD Hub Shifts from Training to Enterprise; Unveils 40 New Ventures for Incubation The Digital Development Hub (DD Hub) has marked a strategic shift in Kano State’s digital landscape, moving beyond classroom instruction to the formal creation of technology-driven enterprises. Following a high-stakes "Demo...

Credit extended to Nigeria’s private sector by deposit money banks declined by N1.3 trillion over the past year, reflecting the combined impact of aggressive monetary tightening and rising borrowing costs, even as short-term fluctuations show businesses continue to rely heavily on bank financing.

Naira Holds Steady Across Markets on Jan 5 The naira sustained its strength against the U.S. dollar on Monday, January 5, across both the parallel market and the Nigerian Foreign Exchange Market (NAFEM), maintaining a positive start to trading in 2026. Currency dealers in Abuja told...

Nigeria's balance of payments swung to a $4.6bn surplus in Q3 2025, driven by stronger export earnings and diaspora remittances.