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Nigeria’s Money Supply Hits N114tn as Cash Use Soars, Inflation Persists  | Daily Report Nigeria
Business

Nigeria’s Money Supply Hits N114tn as Cash Use Soars, Inflation Persists 

Nigeria’s money supply surged to N114.22tn in March 2025, a 24% rise from March 2024, despite the CBN raising the Cash Reserve Ratio...

Dangote Refinery Gulps 13% of Nigeria Crude Exports – Report
Business

NNPCL Sells N336bn Crude in Q1 2025, Dangote Refinery Takes Lion’s Share Amid SEEPCO Labour Dispute

NNPCL earned N336.37bn from crude oil sales in Q1 2025, with over N107bn worth of crude supplied to the Dangote Refinery. This is...

CBEX Crypto Scam: N1.3tn Ponzi Exposed, Nigerian Promoters, Foreign Backers Unveiled | Daily Report Nigeria
Business

CBEX Crypto Scam: N1.3tn Ponzi Exposed, Nigerian Promoters, Foreign Backers Unveiled

Nigerians who invested in the now-defunct cryptocurrency platform CryptoBridge Exchange (CBEX), have lost billions, with the EFCC estimating over N1.3 trillion wiped out...

Dangote refinery
Business

Fuel Importers Risk N14bn Monthly Loss as Dangote Refinery Slashes Petrol Prices Again

Dangote Petroleum Refinery’s latest petrol price cut to N835 per litre is set to cause a loss of N13.998bn monthly for fuel importers,...

Chinese Manufacturers Turn to Nigeria as U.S. Tariffs Stall Exports | Daily Report Nigeria
Business

Chinese Manufacturers Turn to Nigeria as U.S. Tariffs Stall Exports

Chinese manufacturers are shifting focus to emerging markets like Nigeria due to the steep U.S. tariffs imposed by President Donald Trump, which have...

CBEX: SEC can’t recover lost N1.3trn funds for victims, says DG | Daily Report Nigeria
Business

CBEX: SEC can’t recover lost N1.3trn funds for victims, says DG

The Director General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, stated the Commission cannot recover the N1.3 trillion lost to...

Again, NNPC Increases Fuel Price
Business

FX Scarcity, Price Instability Push Oil Marketers to Cut Petrol Imports by 67%

Petrol imports into Nigeria have dropped by over 67% in eight months, from 44.6 million litres daily in August 2024 to 14.7 million...

MultiChoice Launches Affordable Weekly DStv, GOtv Plans in Uganda Under ‘Ka Weekie’ Campaign | Daily Report Nigeria
Business

MultiChoice Launches Affordable Weekly DStv, GOtv Plans in Uganda Under ‘Ka Weekie’ Campaign

MultiChoice Uganda has launched new affordable 7-day DStv and GOtv subscription plans under the “Ka Weekie” campaign, with packages starting from UGX 5,000....