Business Insights

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PFIPC scandal: How CBN opened domiciliary accounts for phantom agency
Latest Business Insights

PFIPC scandal: How CBN opened domiciliary accounts for phantom agency

The Central Bank of Nigeria on Monday said it had opened two foreign-currency domiciliary accounts for the controversial Presidential Foreign Investment Promotion Council.

Read Full Storyarrow_forward1 min read • July 21, 2026
Rising petrol prices tighten margins for fuel importers
Nigerian fuel importers

Rising petrol prices tighten margins for fuel importers

Nigerian fuel importers are facing renewed pressure as rising international petrol prices and higher freight costs increase the cost of bringing products into the country, while the Dangote Petroleum Refinery’s pricing continues to limit import opportunities, according to a new market report.

Author
NEW_MUSK
July 17, 2026
US cuts Nigerian crude imports by nearly 50%
U.S

US cuts Nigerian crude imports by nearly 50%

The United States reduced its purchase of Nigerian crude oil sharply in January 2026, with imports dropping by about 47.16 per cent month-on-month, according to the latest data from the U.S.

Author
NEW_MUSK
April 3, 2026