Nigeria’s headline inflation rate declined slightly to 15.91 per cent in June 2026, compared with 15.93 per cent recorded in May, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS). The report showed that while overall inflation continued its gradual downward trend, food prices rose at a …
A remarkably preserved Tyrannosaurus rex skeleton nicknamed “Gus” has become the most expensive dinosaur fossil ever sold at auction after fetching US$50.1 million (approximately A$71.8 million) at Sotheby’s in New York. The fossil, unearthed on a cattle ranch in South Dakota in 2021, sparked an intense 10-minute bidding war involving seven buyers before being purchased …
Infodata Professional Services has called on oil and gas companies in Nigeria to increase investment in secure digital transformation, warning that operators who fail to modernise their operations risk losing competitiveness in the rapidly evolving global energy industry. Speaking on the sidelines of NOG Energy Week 2026 in Abuja, the company’s Sales Leader for Oil …
Guaranty Trust Bank (GTBank), the flagship banking subsidiary of Guaranty Trust Holding Company (GTCO) Plc, has been named Nigeria’s Best Overall Performing Bank in The Banker magazine’s Top 1000 World Banks Rankings 2026, further cementing its position as one of the country’s leading financial institutions. The ranking followed a global assessment of banks based on …
Shell Companies in Nigeria awarded contracts worth $518 million to indigenous businesses in 2025 as part of efforts to strengthen local participation in the country’s oil and gas industry. The company disclosed that 123 Nigerian-owned firms were engaged across various segments of its operations during the year, reflecting its continued commitment to developing local capacity …
Dangote Petroleum Refinery has announced a major change to its sales policy, ending naira-based transactions for refined petroleum products and adopting a United States dollar-denominated pricing system. Under the new arrangement, all previously issued naira-denominated Proforma Invoices and Deal Recaps for gantry and coastal fuel transactions have been cancelled. The refinery’s Group Commercial Operations released …
Nigeria’s capital market has received a significant boost after S&P Dow Jones Indices (S&P DJI) placed the country on its 2027 Country Classification Watchlist for a possible upgrade from a Standalone Market to Frontier Market status. The move comes as Bloomberg ranked Nigeria’s stock market as the best-performing equity market globally in dollar terms this …
Former Inspector General of Police (IGP), Chief Mike Okiro, has thrown his weight behind the National Assembly’s constitutional amendment seeking to establish state police, describing the move as long overdue. Speaking in an interview, Okiro argued that Nigeria’s growing population and worsening insecurity make it impractical for a single federal police force to effectively secure …
The Central Bank of Nigeria (CBN) has warned Nigerians, businesses, and financial institutions against rejecting the standard ₦100 banknote, stressing that it remains legal tender and must be accepted for all transactions nationwide. The clarification comes after reports that some members of the public have refused to accept the standard ₦100 note following the introduction …
The National Insurance Commission (NAICOM) has reaffirmed its commitment to supporting the Chartered Insurance Institute of Nigeria (CIIN) in advancing professionalism and the growth of the country’s insurance industry. The assurance was given by the Commissioner for Insurance, Olusegun Ayo Omosehin, during a courtesy visit by the outgoing President of the CIIN, Yetunde Olubunmi Ilori, …
