Business

NNPCL raises petrol pump price to N950/litre

After initial hesitation, the Nigerian National Petroleum Company Limited has increased the pump price of petrol to N925 per litre at its retail stations in Lagos and N950 per litre in Abuja. The new price regime, effective from April 2, 2025, represents an increase of N65 from the previous price…
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Nigeria’s money supply rises 17% to N110.3 trn

Nigeria’s Money Supply (M2)  increased by 17.3 percent year-on-year, YoY, to N110.3 trillion in February 2025 from N93.97 trillion in the corresponding period of 2024. The Central Bank of Nigeria, CBN, disclosed this in its Money and Credit Statistics, released yesterday, which also showed that Credit to the economy fell by…
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