Skip to content
Amid liability fears, PTAD assures new pension harmonisation scheme to boost retirees’ income
Pension Transitional Arrangement Directorate (PTAD) has assured that its implementation of the pension harmonisation for Defined Benefit Scheme (DBS) pensioners, which took effect in May 2026, will lift incomes for many retirees, just as it expressed fears that the programme may…
Nigeria’s $5bn NLNG Train 7 nears pre-commissioning stage — Official
Nigeria Liquefied Natural Gas (NLNG) has announced that the country’s $5 billion LNG Train 7 project will soon be put into operation having reached 92 per cent completion stage. The NLNG also added that the development marks a major…
Labour unions reject World Bank, AfDB’s ‘Mission 300’ electricity initiative over debt concerns
Labour unions in Africa, including Nigeria, have jointly rejected the African Development Bank (AfDB) and World Bank-assisted ‘Mission 300’ electricity access programme, as they argued that the initiative further places ‘unsustainable debt burdens on already struggling governments.’ The labour unions while…
CBN extends POS geo-fencing deadline to August 1
Central Bank of Nigeria (CBN) has extended the enforcement of Point-of-Sale (POS) terminal geo-fencing to August 1, 2026. According to the regulator,the decision is intended to give financial institutions and payment service providers more time to comply with the regulatory requirement…
Retailers blame unstable forex, others for rising prices of cooking gas
Retailers under the aegis of the Liquefied Petroleum Gas Retailers Association of Nigeria (LPGAR) have blamed the rising prices of cooking gas in the country on foreign exchange instability, high depot prices, and distribution costs. Chairman of the group, Ayobami Olarinoye,…
Currency outside banks drops to N5.08trn in April, as CBN tightens grip on liquidity
Currency outside banks (COB) in Nigeria declined to N5.08 trillion in April 2026, according to data released by the Central Bank of Nigeria (CBN). CBN said the country’s COB fell to N5.083 trillion in April from N5.19 trillion recorded in…
Nigeria, AfDB sign $7bn deal on Integrated Aviation Transformation Programme
Nigeria and the African Development Bank (AfDB) have signed an agreement to formalise the $7 billion Integrated Aviation Transformation Programme (IATP) aimed at kick-starting reforms and unlocking large-scale financing for the aviation industry’s development across the continent. Minister of Aviation and…
NBS: Petrol, cooking gas continue price surge in April
National Bureau of Statistics (NBS) has said that the average pump price of a litre of premium motor spirit (PMS), also known as petrol, witnessed a surge from N1,288.54 in March to N1,532.93 in April. This is also the agency…
Hormuz: IMF, World Bank, IEA warn of acute fuel scarcity
Amid escalating prices of petroleum products, as well as, the liquefied petroleum gas (LPG) across parts of Nigeria, and the rest of the world, leaders of the International Monetary Fund (IMF), World Bank and International Energy Agency (IEA) have warned of…
Confusion, as MNOs resume data, airtime borrowing offers to Nigerians
Barely weeks after the Federal Competition and Consumer Protection Commission (FCCPC) had ordered Mobile Network Operators (MNOs) in the country to discontinue their airtime and data borrowing offers to customers nationwide, checks by the Oracle Intelligence, Friday, showed that two…
