The management of the National Pension Commission (PenCom) has visited the Nigerian Electricity Regulatory Commission (NERC) to seek enhanced regulatory collaborations and partnerships. The PenCom team, led by its Director…
Category: BUSINESS
Petrol price drop pushing cooking gas costs downwards – IPMAN
The Independent Petroleum Marketers Association of Nigeria has explained how the reduction in the price of Premium Motor Spirit pushed the price of liquefied petroleum gas, popularly known as cooking…
FG, W/Bank aligning agenda to digitally empower young Nigerians — Edun
The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has said that the Federal Government and World Bank are aligning an agenda to create good quality…
50kg rice price dropped to N58,000 in Nigeria — Report
The price of a 50kg bag of rice has dropped to N58,000 in some parts of Nigeria, particularly around remote areas, amid imports from the Republic of Benin, a report…
Nigeria, Chinese firms ink deal to unlock $2.5bn investment
In a major move to boost Nigeria’s steel industry, Chart & Capstone Integrated Ltd and China’s Sinomach-HE have signed a financial and technical cooperation agreement for the development of a…
CBN raises over N1tn in fresh OMO auction
The Central Bank of Nigeria (CBN) raised a total of N1.008 trillion at its Open Market Operations (OMO) auction held on Friday, April 25, 2025. This follows an overwhelming investor…
Nigeria, UK deepen ties to boost gas sector regulatory framework
The Federal Government has taken a significant step towards strengthening its gas sector regulatory framework through a strategic partnership with the United Kingdom’s Office of Gas and Electricity Markets (Ofgem).…
Naira depreciates against dollar across official, black markets after Easter holidays
Nigeria’s currency, the naira, depreciated against the dollar at the official and parallel foreign exchange markets upon the resumption of work after Easter holidays. The Central Bank of Nigeria’s data…
IMF urges nations with huge debts to seek restructuring
The International Monetary Fund (IMF) yesterday advised heavily-indebted countries to seek debt restructuring where necessary to restore macroeconomic stability and sustainable growth. In a report titled: “Toward a Better Balanced…
Nigeria’s money supply hits N114tn despite CBN’s policy
Nigeria’s broad money supply has increased to N114.22 trillion in March 2025, defying the Central Bank of Nigeria’s monetary policy tightening in the last quarter. This is according to the…
