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Nigeria Business News Digest: Markets, Money, and Meaning

Economic news with context. Scan the market, Naira movements, and business decisions, and understand their impact on everyday life.
30 Days or Crisis: PETROAN Issues Ultimatum to NNPCL Over Port Harcourt Refinery Shutdown
  • Featured
Nigeria 30 Days or Crisis: PETROAN Issues Ultimatum to NNPCL Over Port Harcourt Refinery Shutdown
Nigeria News
1 min read
Petroleum retailers (PETROAN) have demanded that NNPCL complete all repairs at the shut-down Port Harcourt refinery within 30 days, warning that...
Lagos Lights the Way: World's Fastest-Growing Tech Hub in 2025
Nigeria Lagos Lights the Way: World's Fastest-Growing Tech Hub in 2025
siteadmin
1 min read
What does it mean when a city once defined by traffic and tenacity becomes the world's leading symbol of tech growth? Lagos, Nigeria, has been...
Temporary Closure: Port Harcourt Refinery Goes Offline for Maintenance
  • Featured
Nigeria Temporary Closure: Port Harcourt Refinery Goes Offline for Maintenance
Nigeria News
1 min read
The Nigerian National Petroleum Company Limited (NNPCL) has temporarily shut down the Port Harcourt Refinery to begin planned maintenance and a...
After the Dream: Nigeria Drops National Airline Plan to Boost Local Carriers
Nigeria After the Dream: Nigeria Drops National Airline Plan to Boost Local Carriers
siteadmin
1 min read
In a decisive pivot, the Nigerian government has shelved its long-debated national carrier project. Instead, it is throwing its weight behind...
AMCON’s Final Chapter: FG Instructs Asset Recovery, Time-Bound Closure
Nigeria AMCON’s Final Chapter: FG Instructs Asset Recovery, Time-Bound Closure
Nigeria News
1 min read
The Federal Government has officially directed the Asset Management Corporation of Nigeria (AMCON) to begin a credible and time-bound shutdown...
Maintenance or Sabotage? Port Harcourt Refinery Shutdown Sparks Fuel Price Fears
Nigeria Maintenance or Sabotage? Port Harcourt Refinery Shutdown Sparks Fuel Price Fears
Nigeria News
1 min read
The newly revived Port Harcourt Refinery is set for a 30-day maintenance shutdown, triggering accusations of economic sabotage from local...
Today’s Naira Rate [24-05-2025]: Naira Holds Firm at ₦1,579/$1 as CBN Reforms Steady FX Market
Nigeria Today’s Naira Rate [24-05-2025]: Naira Holds Firm at ₦1,579/$1 as CBN Reforms Steady FX Market
Nigeria News
1 min read
The naira closed the week stronger at ₦1,579/$1 on the official market, signalling renewed investor confidence and calm in forex channels, both...
N80,000 BVN Fee for Nigerians Abroad: Financial Inclusion or Exclusion?
Nigeria N80,000 BVN Fee for Nigerians Abroad: Financial Inclusion or Exclusion?
Nigeria News
1 min read
Nigerians abroad must now pay $50 (₦80,000) to get their Bank Verification Number (BVN), a move critics say penalises diaspora citizens trying to...
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