News as it breaks
The Central Bank of Nigeria (CBN) has approved the participation of licensed Bureau De Change (BDC) operators in the Nigerian Foreign Exchange Market (NFEM), a move aimed at boosting foreign exchange liquidity in the retail segment and meeting the legitimate needs of end users. The approval, conveyed in a circular…
The Federal Government has formally reopened the Nigeria–Niger Republic border through the Kamba corridor in Kebbi State, marking another major step toward restoring cross-border trade and regional economic cooperation. The development comes just days after President Bola Tinubu approved the resumption of cross-border movement along the Nigeria–Benin Republic route via…
The Central Bank of Nigeria (CBN) has approved the temporary use of expired National Agency for Food and Drug Administration and Control (NAFDAC) licences for import documentation, following operational challenges affecting licence renewals. In a circular issued by its Trade and Exchange Department and published on the apex bank’s…
The Dangote Petroleum Refinery has reduced the gantry price of petrol from N828 to N699 per litre, representing a N129 drop, about 15.58%, in the benchmark price of Premium Motor Spirit (PMS). The new pricing took effect on December 11, 2025, marking the refinery’s 20th petrol price adjustment this year,…
A former President of the Nigerian Association of Small and Medium Enterprises (NASME), Alhaji Garba Ibrahim, has urged the Securities and Exchange Commission (SEC) to work more closely with Micro, Small and Medium Enterprises (MSMEs) to strengthen structural support for the sector. He said this collaboration is critical if Nigeria…
The Nigerian Tourism Development Authority (NTDA) has officially launched “Naija Flavour… Destination December 2025”, a major cultural tourism initiative designed to showcase Nigeria’s heritage, empower small businesses, and reposition tourism as a strategic economic pillar under the Renewed Hope Agenda of President Bola Ahmed Tinubu. Speaking at the unveiling ceremony…
A major digital innovation is set to take center stage at the upcoming Africa Tourism and Creative Economy Expo (AFTCREE), as the Local Organising Committee (LOC) prepares to unveil the Cultourmetre—a real-time monitoring tool designed to track the progress of African countries in tourism and the creative economy. Speaking during…
Paystack has suspended its co-founder and Chief Technology Officer, Ezra Olubi, following an allegation of sexual misconduct involving a subordinate that surfaced on November 12, 2025. The company confirmed the suspension to TechCabal, stating that a formal investigation is currently underway. Olubi has not responded to requests for comment. In…
The Nigerian Exchange (NGX) closed the week deep in the red as the All-Share Index (ASI) fell for the fifth straight session, settling at 149,524.8 points on November 7, a decline of 501.7 points from the previous day. This downturn erased roughly N2.8 trillion in market value, translating to a…
The Nigerian National Petroleum Company Limited (NNPCL) has announced a reduction in the pump price of petrol following improved fuel supply from the Dangote Refinery. As of Saturday, NNPCL adjusted the retail price at its filling stations from ₦955 to ₦945 per litre, marking a ₦10 decrease. The new pricing…
