There was a time when going to the bank was an event. You dressed up, filled out a withdrawal slip, joined a queue and waited your turn. Today, much of that experience has moved into our phones. According to Central Bank of Nigeria data cited in this article, Nigerian banks […]
Nigeria’s Oil Production Rises 0.4% in August, Meets OPEC Quota Again Nigeria’s crude oil production recorded a modest increase in August 2026, with combined crude oil and condensate output rising to 1.68 million barrels per day, according to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). The figure represents a 0.4% […]
The Nigeria Police Force Cybercrime Centre (NPF-NCCC) has arrested 27-year-old Hafsat Abubakar, the social media handler behind the viral @haifah_er_abba account on X, for allegedly fabricating and spreading false information that fintech giant OPay was shutting down operations. The arrest followed a joint petition filed by OPay’s legal team to […]
Nigeria’s external reserves have climbed above the $54 billion mark for the first time since December 2008, reaching $54.08 billion as of September 3, 2026, according to the latest data from the Central Bank of Nigeria. The new figure represents a significant improvement in the country’s foreign exchange buffer, with […]
President Bola Tinubu has defended his administration’s decision to remove Nigeria’s petrol subsidy, arguing that reversing the policy would demonstrate a lack of understanding of the country’s economic and governance challenges. Tinubu made the comment on Thursday at the Presidential Villa in Abuja while receiving Osun State Governor Ademola Adeleke, […]
A story shared by WorldStarHipHop, about Carly Guddrow, a 34 year old businesscoach earning $60,000 a year, who after a breakup, moved back into her parents’ home with her two dogs because rent, student loans, car payments, and everyday expenses had become too overwhelming to manage alone. What might sound […]
Oil prices fell sharply on Monday as a pause in US-Iran hostilities eased fears of further disruption to energy supplies through the Gulf. Brent crude dropped 6% to about $86 a barrel, while US West Texas Intermediate fell nearly 7%. The calmer geopolitical climate also lifted several global stock markets, […]
Dangote Petroleum Refinery has announced another ₦50 per litre reduction in the ex-depot price of Premium Motor Spirit (PMS), bringing the total price cut to ₦200 per litre since May 30, 2026. The latest adjustment lowers the refinery’s gantry price to ₦1,075 per litre. The company also revealed cumulative reductions […]
The Federal Government has launched an emergency intervention to tackle rising cooking gas prices, bringing together the EFCC, DSS, Police, regulators, and industry stakeholders to curb LPG hoarding, diversion, and market manipulation. According to the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), the move aims to improve gas supply, […]
Nigeria’s external reserves have surged to $51.04 billion as of June 18, 2026, marking their highest level in 17 years and signaling renewed investor confidence and stronger foreign exchange inflows. According to Central Bank of Nigeria (CBN) data, reserves rose from $49.80 billion at the start of June to $51.04 […]
