2 h. ago ‘Collaboration among industry players is crucial for financial inclusion’

Industry experts have said improved efforts at collaboration among financial service providers, telecommunication operators, and tech startups, with conscious effort read more ‘Collaboration among industry players is crucial for financial inclusion’

Politics

8 h. ago IMF Lowers Nigeria’s 2025 Growth Forecast To 3.0% On Weakening Oil Price

The International Monetary Fund (IMF) has revised downward Nigeria’s economic growth projections for 2025 and 2026, to 3.0 for 2025 and 2.7 for 2026 as global uncertainties grow and sustained weaknesses in oil prices impact the country’s economy. This is as it sees a growing probability of a recession from per cent in October to […]

Politics

8 h. ago Local Refining Surge To Make Nigeria Net Petroleum Exporter By 2027– PETROAN

Nigeria is on track to become a net petroleum exporter within two years, driven by a surge in local refining capacity, according to the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN). This projection follows the Nigerian Midstream and Downstream Petroleum Regulatory Authority’s (NMDPRA) milestone of licensing 83 refineries, with a combined total refining […]

Politics

8 h. ago Exchange Rate Volatility Affects Trade Patterns As Customs Generates N1.75trn

The Nigeria Customs Service (NCS) has announced a revenue generation of ₦1.75 trillion in the first quarter (Q1) of 2025, surpassing its quarterly target by ₦106.5 billion and marking a 29.96 per cent increase over the same period in 2024. However, the Service said its operations were not without challenges, particularly the volatility of exchange […]

Politics

8 h. ago 2024 Oil Licensing Process Fair, Open, Inclusive, NUPRC Insists

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has reaffirmed that the 2024 oil licensing round was conducted with fairness, openness, and inclusivity at its core. Chairman 2024 Bid Round Committee, NUPRC, Bashiru Indabawa who made this known,  insisted that the bid round was conducted transparently in line with the Petroleum Industry Act and regulations released […]

Politics

8 h. ago Insecurity: Adebayo Calls For Increased Vigilance Amongst Citizens

Prince Adewole Adebayo, the 2023 presidential candidate of the Social Democratic Party (SDP), has called on citizens to stay vigilant and actively participate in the country‘s political process. In a press briefing with newsmen yesterday in Abuja, Adebayo said that the current situation should drive the country’s politics and urged Nigerians not to rely solely […]

Politics

16 h. ago Kolomoni MFB, AMMBAN partner on AfriGo debit cards inclusion for expansion

From Bamigbola Gbolagunte, Akure Kolomoni Microfinance Bank and the Association of Mobile Money and Bank Agents in Nigeria (AMMBAN) have partnered to distribute AfriGO debit cards to millions of Nigerians, aiming to enhance financial inclusion. The collaboration, announced on April 13, leverages Kolomoni’s digital banking expertise and AMMBAN’s extensive agent network to reach unbanked and […] The post Kolomoni MFB, AMMBAN partner on AfriGo debit cards inclusion for expansion appeared first on The Sun Nigeria.

Politics

16 h. ago IOCs Bypass Direct Crude Oil Supply To Dangote Refinery, Others

International Oil Companies (IOCs) operating in Nigeria have continued to bypass direct crude oil supply to local refineries, even as the nation grapples with an estimated 60 million barrels of stranded crude oil on the high seas. This persistent disconnect was compounding Nigeria’s struggle to ramp up domestic refining capacity and maximise oil revenues. LEADERSHIP […]

Politics

18 h. ago Federation account revenue falls to ₦1.94 trn amid drop in oil receipts – CBN

From Adanna Nnamani, Abuja In January, Nigeria’s Federation Account revenue dropped to ₦1.94 trillion, a 31.35% decline from December 2024 and 35.22% below the monthly benchmark, according to the Central Bank of Nigeria’s (CBN) January 2025 Economic Report. The fall was driven by reduced receipts from Petroleum Profit Tax (PPT), royalties, Company Income Tax (CIT), […] The post Federation account revenue falls to ₦1.94 trn amid drop in oil receipts – CBN appeared first on The Sun Nigeria.

Politics

18 h. ago Afreximbank’s net income rises 29% as strategic plan, samurai bonds drive growth

The African Export-Import Bank (Afreximbank) has reported a 29 percent rise in its net income for the financial year 2024 read more Afreximbank’s net income rises 29% as strategic plan, samurai bonds drive growth

Politics

20 h. ago CIBN, LIMBimple to drive inclusive enterprise development in Nigeria

In a significant move to strengthen Nigeria’s entrepreneurial ecosystem, the Chartered Institute of Bankers of Nigeria (CIBN) has officially signed read more CIBN, LIMBimple to drive inclusive enterprise development in Nigeria

Politics

21 h. ago Zulum begins ₦20 bn new bridge, 4th flyover aftermath floods

From Timothy Olanrewaju, Maiduguri Borno State Governor Babagana Zulum has launched the construction of a 7.1-kilometre dual carriageway, a new bridge, and the state’s fourth flyover in Maiduguri to enhance connectivity following the devastating September 2024 floods. The projects, aimed at improving transport links between the city’s central business district and its outskirts, address the […] The post Zulum begins ₦20 bn new bridge, 4th flyover aftermath floods appeared first on The Sun Nigeria.

Events

22 h. ago Nigerians In Diaspora Laud Tinubu, Komolafe Over Reforms In Oil, Gas Sector

The Nigerians in Diaspora Groups has praised President Bola Tinubu and the Chief Executive Officer (CEO) of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, for their transformative leadership and commitment to transparency in Nigeria’s oil and gas sector. In a statement issued on Monday, David Matthew Akpambu, Global President of the Nigerians in […]

Politics

22 h. ago CBN Struggles With Inflation As Broad Money Supply Surpasses N114trn

Nigeria’s broad money supply surged to N114.22 trillion in March 2025, defying the Central Bank of Nigeria’s (CBN) tight monetary policies. Despite the CBN’s imposition of a 50% Cash Reserve Ratio (CRR), the money supply rose by 24% from N92.19 trillion in March 2024, continuing the trend of monetary expansion. On a monthly basis, the […] The post CBN Struggles With Inflation As Broad Money Supply Surpasses N114trn appeared first on Information Nigeria.

Economics

24 h. ago How competition, importation can stimulate downstream sector

As the downstream oil and gas sector continues to face challenges of underperformance, infrastructure deficits, and low investment, industry experts read more How competition, importation can stimulate downstream sector

Politics

25 h. ago Experts advise NNPCL boss on industry reform to enhance investor confidence

Oil and gas experts have asked the Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Ltd. (NNPCL), read more Experts advise NNPCL boss on industry reform to enhance investor confidence

Politics

27 h. ago Nigeria’s trust index rises by 65% amid institutional failure, economic hardships

The overall trust index on Nigerians has seen a slight uptick from 61 percent in 2024 to 65 percent in read more Nigeria’s trust index rises by 65% amid institutional failure, economic hardships

Politics

29 h. ago Building Nigeria’s energy future depends on fair play and not monopoly

Nigeria stands at a crossroads. The recent rise of the Dangote refinery, a $20 billion marvel of engineering capable of read more Building Nigeria’s energy future depends on fair play and not monopoly

Politics

32 h. ago Shipowners Laud Oyetola’s Directive To NIMASA On CVFF Disbursement

Indigenous shipowners have unanimously commended the minister of Marine and Blue Economy, Adegboyega Oyetola, over his recent directive to the Nigerian Maritime Administration and Safety (NIMASA) to begin the process for the disbursement of the Cabotage Vessel Financing Fund (CVFF). The minister had directed the NIMASA to commence the process that will lead to the […]

Politics

37 h. ago Rising energy cost killing industries, manufacturers cry out

• Say N708bn spent on alternative energy in 6 months By Merit Ibe Amid rising energy costs and an unreliable national grid, Nigerian manufacturers are fighting hard to stay afloat, having spent a whopping N708 billion on alternative energy sources in the last six months of 2024. The figure is an increase of 75 percent […] The post Rising energy cost killing industries, manufacturers cry out appeared first on The Sun Nigeria.

Science