Category: Business
CBN Orders Banks To Freeze Assets Of Individuals, BDCs Linked With Terrorism Financing
The directive followed recent sanctions imposed by the United States government on Mukhtar Muhammad, a Lagos-based BDC operator, and three firms allegedly under his control. CBN Office Abuja The Central Bank of Nigeria (CBN) Thursday directed all financial institutions to freeze transactions, accounts, and assets linked to six individuals and four Bureau De Change (BDC)…
Chinese State Banks Evaded Tax, Issued Illegal Loans — Audit
The Bank of China, one of the nation’s “big four” lenders, evaded paying 2.4 billion yuan ($352 million) in tax between April 2023 and August 2025, an annual report by the National Audit Office on Tuesday showed. People walk past the People’s Bank of China, the country’s central bank, in Beijing on October 19, 2024.…
Oil Prices Crash To $72 Pre-War Level
Prices surged during the conflict as tensions threatened shipping through the Strait of Hormuz. Crude oil…photo by RadioNow Oil prices dropped to $72 per barrel on Thursday from about $120 per barrel, their lowest level since the US-Iran conflict began in February. Brent crude futures for August delivery fell $1.06, or 1.44%, to $72.68 a…
Naira To Dollar Exchange Rate Today, June 25, 2026
Analysts say movements in the naira will continue to depend on dollar inflows from oil exports, foreign portfolio investments, diaspora remittances, and interventions by the Central Bank of Nigeria in the currency market. File photo of naira and dollar notes Data from the Nigerian Foreign Exchange Market (NFEM) showed that the official exchange rate hovered…
Nigeria, US, Qatar Urge EU To Change Methane Rules, Warn Of Supply Risk
From next year, the EU regulation will require methane monitoring and verification for fuel deliveries to the bloc. Gas Flare Site (PHOTO BY OFFSHORE TECHNOLOGY FOCUS) Major energy exporters, including Nigeria, the U.S., and Qatar Wednesday urged the European Union to rewrite planned methane emissions rules for oil and gas imports, warning that the policy…
Petrol Price Rises By 55% To N1,596/Ltr In May — NBS
Petrol prices remain a major driver of household spending because of their effect on transport, logistics, and the cost of goods and services. A fuel attendant pumps petrol into a motorcycle at a fuel station in Abuja on March 9, 2026, after transport fares increased following a recent hike in petrol prices. (Photo by Light…
Energy Expert Attributes Spike In Cooking Gas Price To Supply Deficit
Across the country, the cost of LPG, which is commonly known as ‘cooking gas ‘, has skyrocketed, moving from around ₦1,300 per kg, depending on the area, to ₦1,700 and ₦2,200 per kg. An image of Liquified Petroleum Gas cylinders. The founder of LPG in Nigeria, Godwin Okoduwa, has attributed the scarcity and hike in…
Distributed Renewable Energy Is Nigeria’s Fastest Path To Economic Growth — REA MD
Reiterating the REA’s commitment to facilitating a transparent investment pipeline, Dr. Aliyu called on the private sector to move from passive consumers to active solution structures. Dr. Abba Aliyu, Managing Director of the Rural Electrification Agency The Managing Director and Chief Executive Officer of the Rural Electrification Agency (REA), Dr. Abba Aliyu, has declared that…
Nigerian Youths Are Tech-Savvy, Ready To Be Integrated Into Global Economy, Tinubu Assures Mastercard CEO
The President said the Nigerian economy had been repositioned and stabilised to fully participate in the global economy, with a focus on empowering youths and small businesses with digital skills and tools. Flanked by Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, Chief of Staff, Femi Gbajabiamila, President Tinubu exchanges plesantaries with…
Currency Abuse Raises Costs For Economy, Cardoso Warns, Launches Naira Ambassadors Club
According to him, every banknote tells a story about the nation through the portraits of distinguished Nigerians, national symbols, and security features embedded in it to sustain public confidence in the monetary system. FILES: CBN Governor, Olayemi Cardoso Persistent abuse, mutilation, and improper handling of the Naira impose avoidable financial costs on the country, the Governor…
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Opeyemi Precious
Precious Opeyemi is an independent media entrepreneur, journalist, and the founder of Scoop Lounge. Driven by a commitment to credible, balanced, and high-impact journalism, she established the platform to deliver rapid-response news summaries across multiple global sectors. Read full
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