By Udeme Akpan The Central Bank of Nigeria, CBN, said the price of Premium Motor Spirit, PMS, also known as petrol could rise to about N950 per litre in 2026.  The Dangote Petroleum Refinery currently puts its gantry price at N699 per litre while the retail price at MRS Oil, authorized distributor stood at N739 per litre. […]

Federal Government announced a temporary six-month ban on the export of raw shea nuts to encourage local processing and value addition

By Elizabeth Adegbesan The Nigeria Inter-Bank Settlement System (NIBSS) has disclosed that Bank Verification Number (BVN) enrolments rose by 6.8 per cent year-on-year to 67.8 million as at December 2025, up from 63.5 million recorded in the corresponding period of 2024. In a statement published on its website, NIBSS attributed the growth to stronger policy enforcement […]

By Godwin Oritse The Federal Government has directed all shipping companies and airlines operating in Nigeria to submit their cargo manifests through the National Single Window, NSW, platform, in a move aimed at strengthening cargo tracking, improving transparency and enhancing trade facilitation. The directive, issued through the Ministry of Finance, marks a significant shift from the […]

By Babajide Komolafe United Bank for Africa, UBA Plc, has exceeded the N500 billion minimum capital requirement for banks with international authorisation, following the successful conclusion of its second Rights Issue, which added N157 billion to the bank’s capital base. Vanguard investigations showed that at the end of the first half of 2025, UBA had […]