The Federal Government has vowed to take stringent regulatory measures against traders “unfairly inflating prices” of goods and commodities. The government, through its agency, the Federal Competition and Consumer Protection Commission (FCCPC), expressed worry...

Dangote Petroleum Refinery has announced a further reduction of the price of diesel from 1200 to 1,000 naira per litre. While rolling out the products, the refinery supplied at a substantially reduced price of...

The Federal Government has eventually complied with the demands of domestic crude oil refiners and other operators in the sector, as it declared on Monday that indigenous refineries can now buy crude oil in...

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), revealed yesterday that Nigeria’s crude oil reserves rose from the 36.96 billion barrels (bb) to 37.50bb within a year while the natural gas reserves also increased from...

The naira strengthened against major currencies on Monday the greenback saw an increased safe-haven demand, in the wake of an Iranian strike on Israel, putting it at more than five-month highs. Goldman Sachs projection...

Four of the tier-1 banks in the country, FBN Holdings, Access Holdings, Guaranty Trust Holding Company Plc and United Bank for Africa Plc have indicated plans to raise about over $3.03bn (N3.46tn) in fresh...

Foreign airlines operating from Lagos to London have continued to drop their fares since Air Peace commenced operations on the route. Airlines such as British Airways (BA), Virgin Atlantic, Qatar Airways, Ethiopian Airlines and...

The Central Bank of Nigeria (CBN) has sacked 50 more staff across 29 departments on Monday, adding to the list of ongoing disengagements in the apex bank. This brings the number to a total...

The cut in diesel price by the Dangote Refinery will reduce inflation, President of Dangote Group, Alhaji Aliko Dangote, said yesterday. He believes with the cost of diesel dropping to N1,200 from N1,650, the...

Geometric Power Limited, operators of the independent power plant in Osisioma area of Aba, the commercial hub of Abia State, says it has completed the synchronisation of its turbines to the national grid, which...