MaTaZ ArIsInGDallas, Texas The Dangote Refinery has announced a major reduction in the pump price of petrol, lowering it to N699 per litre across Nigeria. The update, which quickly circulated on Monday morning, has generated widespread reactions from Nigerians who have been dealing with persistent increases in the cost of fuel for more than a […] Read more
MaTaZ ArIsInGDallas, Texas Aliko Dangote, the president of Dangote Group, has announced plans to introduce an unprecedented dividend structure for his $20 billion oil refinery when it lists on the Nigerian Exchange next year, allowing shareholders to earn returns in US dollars despite purchasing shares in naira. Dangote disclosed the arrangement during an address in […] Read more
MaTaZ ArIsInGDallas, Texas The Governor of the Central Bank of Nigeria (CBN), Mr Olayemi Cardoso, says Nigeria’s trade surplus has climbed to six per cent of the nation’s Gross Domestic Product (GDP). Cardoso said this in a statement by the Director of Information and Public Relations, Federal Ministry of Finance, Mr Mohammed Manga, in Washington […] Read more
MaTaZ ArIsInGDallas, Texas •As CBN reduces interest rate to 27% •External reserve hit $43bn •NECA demands reforms to ease cost of living crisis •CBN’s easing of credit conditions a welcome, timely intervention – CPPE By Emma Ujah, Abuja Bureau Chief, Peter Egwuatu, Victor Ahiuma-Young & Yinka Kolawole ABUJA—Governor of the Central Bank of Nigeria, CBN, […] Read more
MaTaZ ArIsInGDallas, Texas The Nigerian naira on Monday appreciated against the United States dollar, trading below the N1,500/$ threshold for the first time in over six months. Data from the Central Bank of Nigeria showed that the domestic currency closed at N1,497.46/$, compared to its previous close of N1,501.49/$, marking a 0.27 per cent gain. […] Read more
MaTaZ ArIsInGDallas, Texas The naira recorded its strongest gain in seven months on Wednesday, buoyed by robust foreign reserves that saw a $4.1 billion rise between July and August. Data from the Central Bank of Nigeria (CBN) showed that the local currency strengthened to N1,506.08 to a dollar on Wednesday at the Nigerian Foreign Exchange […] Read more
MaTaZ ArIsInGDallas, Texas Tanker drivers under the Nigeria Union of Petroleum and Natural Gas Workers have threatened to stop fuel loading over the seeming cold war between them and the management of the Dangote refinery. The crisis is arising from the plan by the Dangote refinery to import 4,000 compressed natural gas-powered trucks for the […] Read more
MaTaZ ArIsInGDallas, Texas Guaranty Trust Holding Company Plc has injected N365.9bn into its banking subsidiary, Guaranty Trust Bank Limited, to meet the new minimum capital requirement set by the Central Bank of Nigeria for commercial banks with international authorisation. The company, in a statement filed with the Nigerian Exchange Limited and the London Stock Exchange […] Read more
MaTaZ ArIsInGDallas, Texas Buoyed by increasing foreing exchange inflows into the country, Nigeria’s foreign exchange reserves has hit $41.046 billion as at August 20, 2025, according to latest data released by the Central Bank of Nigeria (CBN), the highest it has been since December 2, 2021. The reserves had since the ending of 2021 been […] Read more
MaTaZ ArIsInGDallas, Texas * Lauds president for stabilising Nigeria’s economy, reforms working, should be given credit * Says all hands must now be on deck to further grow the economy * Canvasses social safety nets to cushion effects of economic reforms on citizenry The Director-General of the World Trade Organisation (WTO), Dr Ngozi Okonjo-Iweala, on […] Read more
