Blog
Fintech operator OPay has set out a layered approach to fraud prevention, presented at a media parley on 16 July, built around applying friction selectively rather than uniformly. The model is risk-based: routine transfers pass through unimpeded, while transactions judged higher risk trigger facial verification. Several controls sit on top of that. Night Guard requires […]
The Independent Petroleum Marketers Association of Nigeria has questioned whether fuel import licences are achieving their purpose, after imported petrol emerged priced above supply from the Dangote refinery. National Publicity Secretary Chinedu Ukadike put imported product at around N1,350 per litre, roughly 20 per cent above what marketers pay for Dangote supply. The point he […]
Dangote Petroleum Refinery has ended naira-based pricing for Premium Motor Spirit (petrol), fixing its gantry ex-depot price at $0.779 per litre under a new dollar-denominated framework for refined products effective July 13, 2026. At the official exchange rate of N1,380.50 to the dollar, the new reference price translates to roughly N1,075.61 per litre — but […]
The Federal Ministry of Environment, with World Bank support, will establish an environmental laboratory in Benin City to serve Edo, Delta, Bayelsa and Ondo states — one of three such laboratories planned nationwide, with the others sited in Gombe and Enugu. Edo State’s Commissioner for Environment and Sustainability, Nosa Adams, disclosed the plans at the […]
Nigeria and Hong Kong have signed a treaty eliminating double taxation between the two jurisdictions — removing one of the most persistent structural deterrents to cross-border trade and investment. Double taxation agreements prevent companies and individuals from being taxed twice on the same income — once where it is earned and again where the earner […]
Nigeria’s headline inflation slowed to 15.91 per cent in June 2026 — the first deceleration in five months — arriving just ahead of a closely watched interest-rate decision. The timing matters enormously for monetary policy. A cooling print strengthens the case for the Monetary Policy Committee to hold rates steady rather than tighten further, after […]
Nigeria’s crude oil production averaged 1.56 million barrels per day in June 2026 — the country’s highest monthly output in 74 months, and enough to push it past the production quota assigned by the Organisation of the Petroleum Exporting Countries (OPEC). Crossing the OPEC quota is a symbolic and practical milestone. For years, Nigeria chronically […]
The naira weakened at the official foreign exchange market last week, closing at N1,381.70 to the US dollar — even as Nigeria’s external buffers strengthened to multi-year highs. Foreign reserves climbed to $51.74 billion, the strongest level in years, giving the Central Bank of Nigeria considerably more firepower to smooth volatility in the FX market […]
Nigeria’s solid minerals exports climbed to N354 billion in 2025 — roughly triple the N117.29 billion recorded in 2023 — extending a steep growth run for a sector long overshadowed by oil. Revenue flowing to the Federation Account told an even sharper story, rising past N70 billion, a 337.5 per cent increase on the N16 […]