September 8, 2025
Relief ahead: CBN hints at lower lending rates as inflation cools
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has raised hopes for businesses and investors as he revealed that lending rates could fall in the coming months if the country’s inflationary pressures continue to ease. Cardoso made this assurance during a fireside chat at the European Business Chamber (Eurocham Nigeria) C-Level […]
Dangote Refinery eases fears, no plan to halt petrol supply
The Dangote Petroleum Refinery has dismissed reports suggesting that it is planning to shut down its petrol unit for repairs lasting up to three months. The management of the $20 billion facility, Africa’s largest single-train refinery, described such claims as “fake news” and urged the public to disregard them. A Reuters report, citing industry monitor […]
Showdown: NUPENG defies Dangote, strike talks with FG today
The fragile peace in Nigeria’s petroleum sector is set to be tested again as the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) on Sunday reaffirmed its decision to commence a nationwide strike today, September 8, 2025, despite appeals from the Federal Government. The industrial action, which threatens to paralyze fuel distribution across the […]