MTN Nigeria has restored its XtraTime airtime and data lending service, bringing relief to millions of prepaid subscribers who rely on the platform for emergency airtime and data purchases. The service, which had been suspended since April 2026, is now available again to eligible customers, allowing them to borrow up to ₦1,295 by dialing *303#….
Nigeria’s economy received a modest boost on Monday as the naira remained relatively stable in the official foreign exchange market while major fuel suppliers announced fresh reductions in petrol depot prices following Federal Government intervention. The naira continued to trade within a stable range at the Nigerian Foreign Exchange Market (NFEM), reflecting sustained liquidity and…
President Bola Tinubu has directed the Federal Competition and Consumer Protection Commission (FCCPC) to investigate major global technology companies, including Meta, Google’s parent company Alphabet, X, and several Generative Artificial Intelligence (AI) platforms over allegations of exploiting Nigerian media content without fair compensation. The directive followed a joint petition submitted to the Presidency by the…
United Bank for Africa (UBA) Plc has announced that its Group Chairman, Tony Elumelu, will step down from the Board of Directors on August 21, 2026, after completing the maximum 12-year tenure for non-executive directors as stipulated by the Central Bank of Nigeria (CBN). The decision was approved at the bank’s Board meeting held on…
Nigeria recorded fresh economic milestones this week as the naira remained relatively stable against the U.S. dollar while the Dangote Petroleum Refinery continued to strengthen the country’s position in the global energy market through record aviation fuel exports to Europe. The naira traded at around ₦1,370 to the U.S. dollar in the official foreign exchange…
MTN Nigeria’s Chief Executive Officer, Karl Toriola, has defended the telecommunications giant against growing calls for a boycott following renewed anti-immigrant attacks on Nigerians in South Africa. Speaking amid public outrage over the xenophobic violence, Toriola stressed that MTN Nigeria should not be viewed simply as a South African company, arguing that it has become…
Dangote Petroleum Refinery has announced another reduction in the ex-depot price of Premium Motor Spirit (PMS), cutting the rate by ₦50 per litre to ₦1,075 per litre in its fourth petrol price reduction within a month. The latest adjustment, which took immediate effect, lowers the ex-gantry price from ₦1,125 per litre and brings the refinery’s…
Nigeria has secured a $1.25 billion financing package from the World Bank aimed at accelerating economic reforms, creating jobs and unlocking private sector-led growth under a new long-term partnership framework. The funding forms part of the World Bank’s new Country Partnership Framework (CPF) for 2026–2032, which is designed to support Nigeria’s efforts to stimulate investment,…
Nigeria’s business landscape recorded three major developments on Thursday, with fresh fuel price relief from the Dangote Petroleum Refinery, a milestone in the country’s global energy profile, and regulatory action in the banking sector. In the downstream oil sector, Dangote Petroleum Refinery announced its fourth consecutive reduction in the ex-depot price of Premium Motor Spirit…
U.S. President Donald Trump has defended earning more than $1 billion from cryptocurrency-related ventures after newly released financial disclosures revealed the scale of his family’s digital asset empire during his first year back in office. The disclosures show crypto has become the single largest source of Trump’s reported income in 2025. According to the filings,…
