Business

Petrol importation remained the primary source of fuel supply in Nigeria throughout 2025, accounting for 62.47 per cent of total Premium Motor Spirit (PMS) consumption, according to data from the...

Taiwan pledges continued AI chip dominance as Washington pushes reshoring of semiconductor production Taiwan has vowed to remain the world’s “most important” producer of artificial intelligence (AI) chips after reaching...

Nigeria could achieve an inflation rate as low as 13 per cent by 2026 if critical macroeconomic conditions—particularly currency stability and food supply—align, a financial expert has said. A leading...

Nigeria’s spending on imported refined petroleum products has dropped sharply by 54 per cent within two years, falling from $14.58bn in the first nine months of 2023 to $6.71bn in...

Nigeria’s downstream petroleum market is sliding deeper into a price war, with several filling stations now selling Premium Motor Spirit (PMS) below the N739 per litre benchmark set by the...

Bank NameLicense TypePaid-Up Capital TargetStatusNotes / Next StepsAccess BankInternational₦500B✅ SecuredFully recapitalizedZenith BankInternational₦500B✅ SecuredFully recapitalizedGTBankInternational₦500B✅ SecuredFully recapitalizedUBAInternational₦500B✅ SecuredFully recapitalizedFirst BankInternational₦500B✅ SecuredFully recapitalizedFidelity BankInternational₦500B✅ SecuredFully recapitalizedFCMBInternational₦500B⚠️ Almost ThereNational license secured; international pendingWema...

The fuel supply agreement between the Dangote Petroleum Refinery and 20 major petroleum marketers has collapsed following disagreements over pricing, The PUNCH has exclusively learned. Under the now-defunct arrangement, the...

With just 11 weeks to the Central Bank of Nigeria’s (CBN) recapitalisation deadline, 14 Nigerian banks are yet to meet the new minimum capital requirements. According to The PUNCH, 19...