Dave Ibemere
5100 articles published since 20 Sep 2021
5100 articles published since 20 Sep 2021
NBS data shows diesel prices fell 2.57% year-on-year in November 2025, despite a monthly increase, with South East highest and South South lowest.
NNPC Limited reduced petrol prices by over N175 in 2025, following Dangote Petroluem Refinery’s lead, with Lagos prices falling ahead of holiday travels.
The National Bureau of Statistics reports Nigeria’s average petrol price in November 2025 falling 12.59% year-on-year, with Borno highest, Oyo lowest.
The naira strengthens against major currencies, boosted by CBN interventions and enhanced liquidity. Analysts project exchange rate trends for 2026.
Nigerian banks including GTB will close branches for the holiday and have urged customers to use ATMs, mobile apps, internet banking, and USSD channels.
The Federal Inland Revenue Service (FIRS) has clarified that Nigerians’ NINs and companies’ CAC RC numbers will automatically serve as Tax IDs under the 2026 NTAA.
Black market traders adjusted dollar prices as the naira strengthened at the official market, supported by Central Bank of Nigeria interventions.
Nigeria’s stock market soared in 2025, with over 40 NGX-listed companies doubling investors’ wealth, led by NCR Nigeria, Beta Glass, and Mutual Benefits Assurance.
Nigeria’s banks are racing to meet the CBN’s March 31, 2026 recapitalisation deadline, with 16 compliant, mergers emerging, and ACAMB dismissing rumours as false.
Dave Ibemere
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