BUSINESS
Foreign Portfolio Flows Surge on Nigerian Stock Market
Foreign portfolio inflows into the Nigerian stock market rose sharply by 354.4% to N609.73 billion in the first seven months of 2025 (7M’25), up from N134.19 billion recorded in the same period of 2022 (7M’22). The latest Domestic and Foreign Transactions Report from the Nigerian Exchange Limited (NGX) also revealed that foreign outflows surged by 382.2% to N671.56 billion in...
Dangote Refinery Slashes Petrol Price, Sets September 15 For Direct Distribution Initiative [See Prices]
In a move aimed at reducing the cost of fuel for Nigerians, Dangote Refinery has announced a nationwide reduction in its Premium Motor Spirit (PMS) retail price. The company also confirmed that its much-anticipated direct petrol distribution initiative will officially commence on Monday, September 15, 2025. According to a fresh price template shared on the Dangote Group’s official X account,...
Nigeria’s Lokpobiri Reaffirms Country’s Leadership In Africa’s Energy Security, Calls for Regional Integration
Nigeria’s Minister of State for Petroleum Resources (Oil), Sen. Heineken Lokpobiri, Ph.D, has reiterated Nigeria’s leading role in advancing Africa’s energy security, stressing the need for deeper regional cooperation at the Africa Oil Week (AOW) 2025 Ministerial and CEO Leadership Forum. In a statement signed by his Special Adviser on Media and Communication, Nneamaka Okafor, Lokpobiri said regional integration offers...
Governor Otti Flags Off EU-Funded Social Protection Project, Inaugurates State Council
....Governor Pledges to Tackle Poverty Holistically, Partners UNICEF, ILO to Strengthen Safety Nets for Vulnerable Groups Abia State Governor, Dr. Alex Otti, has formally launched the Support for Sustainable and Innovative Social Protection Systems in Nigeria, an EU-funded initiative aimed at improving the lives of vulnerable groups across the state. The program was unveiled at the...
Enugu Govt Partners Presidency On Food Security
To guarantee food security in the state, Enugu State government has expressed readiness to partner with the Harvesting Hope Caravan, HHC, a flagship programme under the Presidential Food Systems Coordinating Unit, PFSCU, in the Office of the Vice President, alongside Pula Advisors, its donor partners and Leadway Insurance Company. This is even as Governor Peter Mbah’s administration insured no fewer...
Abia Govt Takes Back Abia Hotels Umuahia After 12 Years of Failed Agreement
The Abia State Government has officially revoked the Certificate of Occupancy of Abia Hotels, Umuahia, and taken back full possession of the property following what it described as a prolonged breach of contractual terms by the facility’s lessee, Investment Guarantee Limited. According to a public statement issued on Sunday, November 16, 2025, by the Chief Press Secretary to the Governor,...
2023 Budget: Buhari’s And Osinbajo’s Local, International Trips To Cost N3.34bn
The Presidency has proposed the sum N3.34 billion for the local and foreign travels of President Muhammadu Buhari and Vice President Yemi Osinbajo in the 2023 appropriation bill submitted to a joint session of the National Assembly on Friday. The breakdown of N2.49bn set aside for the president’s trips has N862,076,448 for local travel and transport, while international travel and...
CBN To Redesign N200, N500 And N1,000 Notes To Control Circulation
The Central Bank of Nigeria (CBN) on Wednesday said it will redesign the N200, N500, and N1,000 notes. CBN Governor, Godwin Emefiele, disclosed this during a special press briefing in Abuja. The new design and issues will be effective from December 15, 2022. The action was taken in order to take control of the currency in circulation, according to the CBN...
Buhari Approves Naira Notes Redesign
President Muhammadu Buhari on Sunday voiced his support for the decision of the Central Bank of Nigeria, CBN to launch new designs and replace high-value Naira notes. This was as he noted that the nation would gain a lot by the new initiative, especially its impact on illicit monies. According to a statement signed by his Senior Special Assistant on Media...
N206bn Inserted In My Ministry’s Budget For Equipment Procurement, Says Umar-Farouq
Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Umar-Farouq, yesterday, told senators that the N206 billion inserted in the ministry’s budget was for purchase of military equipment. The minister had disowned the money, last week, saying it was allegedly ‘inserted’ by the Ministry of Finance. Lawmakers had requested the two ministers to appear and clear the air on...
