Economy
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Average retail price of petrol drops by 15.60% to N1,051.47/litre, reveals NBS
The National Bureau of Statistics (NBS) on Wednesday disclosed that the average retail price paid by consumers for Premium Motor Spirit (Petrol) for February 2026 was N1,051.47, indicating a 15.60per cent decrease compared to the value recorded in February 2025 (N1,245.80). According to the NBS report, comparing the average price value with that of the previous month (i.e., January 2026),…
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OPL 245: Critics pursuing self-interest, not patriotism — FG
The federal government has accused critics of the recent resolution of the long-running OPL 245 oil block dispute of pursuing selfish interests rather than acting in Nigeria’s national interest. In a press statement issued on Wednesday, the Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi (SAN), said comments attributed to the media office of former Vice-President Atiku Abubakar…
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Nigeria’s capital inflow up by 26.6% to $6.44bn in Q4 2025, says NBS
Nigeria recorded a total capital importation of $6.44 billion in the fourth quarter of 2025, representing a 26.61 per cent year-on-year increase compared to $5.09 billion recorded in the corresponding period of 2024. This is according to the latest Capital Importation report released by the National Bureau of Statistics (NBS) on Wednesday, which also showed a quarter-on-quarter increase of 7.13per…
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Court nullifies CBN’s sack of Union Bank’s board, restores Titan Trust, other core shareholders
A federal high court sitting in Lagos has ruled that the Central Bank of Nigeria (CBN) acted beyond its regulatory authority when it sacked the board and management of Union Bank of Nigeria in January 2024. Delivering the judgment on Wednesday, Justice Chukwujekwu Aneke quashed all the decisions and steps taken by the CBN-appointed board and ordered that the former…
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Recapitalisation: Nigerian banks raise N4.61trn fresh capital, says CBN
Nigerian banks have mobilised a total of N4.61 trillion in fresh capital under the Central Bank of Nigeria’s ongoing recapitalisation programme, reflecting strong investor appetite and growing foreign participation in the sector. This was disclosed in a press statement issued by the apex bank on Tuesday, following remarks by the CBN Governor, Olayemi Cardoso, at the 4th Annual IMF/AFRITAC West…
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NGX Group, Ministry of Women Affairs partner to drive women’s inclusion in capital markets
Nigerian Exchange Group Plc (NGX Group) has partnered with the Federal Ministry of Women Affairs and Social Development to advance women’s economic empowerment and promote greater gender inclusion in Nigeria’s capital markets. This was highlighted during a strategic visit by the Honourable Minister of Women Affairs and Social Development, Hajiya Imaan Sulaiman-Ibrahim, to NGX Group, which culminated in a ceremonial…
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SEC DG, Agama re-elected AMERC vice chair
The Securities and Exchange Commission Nigeria (SEC Nigeria) is pleased to announce the re-election of its Director-General, Emomotimi Agama, as Vice Chair of the Africa/Middle-East Regional Committee (AMERC) of the International Organization of Securities Commissions (IOSCO) for a second term spanning 2026–2028. IOSCO was established in 1983, serves as the global standard-setter for the securities industry and is recognised as…
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Switzerland to return Benin Bronzes, deepen diplomatic ties with Nigeria
Nigeria and Switzerland have agreed to strengthen bilateral relations across trade, security, migration and cultural cooperation, with Switzerland confirming plans to return Benin bronzes and other artifact’s to Nigeria. This followed a meeting between Vice President Kashim Shettima and Swiss Vice President and Foreign Minister Ignazio Cassis on Tuesday in Abuja. Speaking after the meeting, Cassis said both countries discussed…
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Nigeria remains attractive destination for energy investment — NNPC GCEO
The Group Chief Executive Officer of NNPC Limited, Bashir Bayo Ojulari, has said Nigeria remains a viable destination for global energy investment, citing the country’s strong fundamentals and clear value proposition. Ojulari made this known on Tuesday while speaking at CERAWeek 2026, an international energy conference held in Houston, Texas, where he addressed global industry leaders on Nigeria’s energy outlook.…
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World Economic Forum postpones Saudi Arabia conference over uncertainties in Middle East
The World Economic Forum (WEF) has postponed its upcoming conference in Saudi Arabia due to escalating regional tensions linked to the Iran war. The organisation announced the decision in a statement on Tuesday, noting that the Global Collaboration and Growth Meeting, initially scheduled to hold in Jeddah in April, will be rescheduled. The move reflects a growing trend of high-profile…
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