Nigeria’s External Reserves Hit $42bn, Highest Since 2019
Nigeria’s external reserves climbed to $42.03bn in September 2025, the highest in six years. Analysts say the rally strengthens naira stability and boosts investor confidence....
Business
CBN Cuts Interest Rate to 27% in First Easing Since 2020
The Central Bank of Nigeria has cut its key lending rate by 50 basis points to 27%, the first easing in five years, citing disinflation and improved macroeconomic stability....
Nigeria’s GDP Growth Hits 4.23%, Labour Disputes Reality
Nigeria’s GDP expanded by 4.23% in Q2 2025, boosted by oil and non-oil sectors. But labour unions insist growth figures mask rising hardship....
Dangote direct fuel supply disrupts market as bulk buyers ditch middlemen
Dangote Refinery’s direct distribution scheme is disrupting Nigeria’s downstream sector as bulk buyers and filling stations abandon middlemen for free delivery....
Dangote accuses NUPENG of ₦50k truck levies, warns consumers will bear the cost
Aliko Dangote alleges NUPENG collects ₦50,000 per fuel truck at his refinery, warning such levies inflate pump prices and hurt Nigerian consumers....
Otedola tells DAPPMAN: Dangote refinery has ended outdated fuel supply model
Billionaire Femi Otedola says Dangote’s refinery has rendered DAPPMAN’s depot business obsolete, urging members to adapt or face bankruptcy....
Nigeria inflation rate cut likely as MPC meets after fifth month of decline
By IDNN Economy Desk Nigeria’s inflation slowed for a fifth consecutive month in August, dropping to 20.12% from 21.88% in July, according to the NBS.......
Microsoft seizes 330 Nigeria phishing websites in global cybercrime bust
Microsoft has shut down 330 websites tied to a Nigerian phishing ring, accusing the network of stealing over 5,000 user credentials worldwide....
Dangote DAPPMAN subsidy dispute deepens as refinery dares marketers to go to court
Dangote Refinery has challenged petroleum marketers to seek legal redress over subsidy demands, rejecting calls for a ₦1.5trn intervention to balance fuel prices....
CBN naira abuse warning: Cardoso urges Nigerians to keep currency clean
The Central Bank of Nigeria has warned against spraying, hawking, or mutilating the naira, calling it a national symbol that must be treated with respect....