Oando grows half year revenue to N2.1trn
Oando Plc has recorded a 20 per cent increase in revenue to N2.1 trillion for the half-year ended June 30, driven by higher crude oil production, improved operational efficiency and cost optimisation.
CBN extends PoS geo-fencing deadline to July 31
By Emma Ujah, Abuja Bureau Chief The Central Bank of Nigeria (CBN) has extended the deadline for enforcement of its Point of Sale (PoS) terminal geo-fencing framework to July 31, giving more room for compliance. This was disclosed in a circular issued by the CBN Director of the Payments System Supervision Department, Rakiya Yusur. The CBN […]
Stock market sustains bullish run, recovers from previous week’s losses
By Peter Egwuatu The Nigerian stock market sustained its bullish momentum in May 2026 as investors gained over N4.514 trillion during the month. Meanwhile, Week-on-Week, WoW, the market, last week, also recovered from the losses it recorded previous week to post a N431 billion gain at close of trading last Friday. In the month of May, […]
Education, medical tourism drive foreign travel spending to $6bn
Nigerians spent $5.996 billion on airline tickets for foreign travels in 2025, a 32 per cent rise, year-on-year, YoY, amid increases in education related travels and a surge in international business engagements.
Dangote Refinery reduces petrol price to N1,250/litre
Dangote Refinery has reduced the gantry price of petrol, to N1,250 per litre from N1,275 per litre, representing a two per cent decrease.
India turns to Nigeria, other African countries for Soybeans
By Cynthia Alo, with Agency report India has turned to Nigeria and other African countries for soybean imports after soaring domestic prices forced Indian traders to cancel soymeal export contracts for the first time since 2021. According to a Reuters report, Indian traders cancelled about 25,000 metric tons of soymeal export contracts and secured about 80,000 […]
