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Dangote refinery reduces petrol price to N820/litre
The Dangote Petroleum Refinery has announced a reduction in the ex-depot price of Premium Motor Spirit (PMS), commonly called petrol, from N850 to N820 per litre. The price cut was disclosed in a statement signed on…
IFC Partners with FCMB to Empower Nigerian Women Entrepreneurs
First City Monument Bank Ltd. (FCMB) has partnered with the International Finance Corporation (IFC) to roll out the Goldman…
FULL LIST: Top six Premier League spenders so far in 2025
The Premier League transfer window is open again this summer. An initial window for the Club World Cup ran from June 1-10, 2025. The main summer transfer period began on June 16, 2025, and will close on Deadline Day,…
Marketers engage Dangote Refinery ahead August 15 direct supply rollout
Marketers across Nigeria are intensifying engagement efforts with the refinery’s management to secure reliable and cost-effective fuel supplies as Dangote Petroleum Refinery prepares to commence the direct…
FG generates N5.21tn from oil sales in H1
The Federal Government, through the Nigerian Upstream Petroleum Regulatory Commission, raked in N5.21tn from the sale of crude oil, gas and other economic activities in the first six months of 2025. It said the revenue…
Pension Fund Performance Review: FCMB Pensions Limited Leads with 5.68% Return in July 2025
Nigeria’s pension industry maintained its steady performance in July 2025, delivering positive returns across all Retirement Savings Account (RSA) fund…
Why the world can’t say goodbye to oil
This is not charcoal. This is oil, a single resource with the power to generate hundreds more. From fertilisers that feed crops to plastics in phones and packaging, oil has embedded itself in modern life more deeply…
Ghost of SAP haunts Nigeria’s economic reforms
...But policy now broader, local When Nigeria floated the naira in mid-2023 and ended its…
From Broad Street to Atlantic City: Congestion, asset depreciation push HNIs, businesses to Eko…
• 300 private developers, corporations top list of allottees • Ranks as third priciest neighbourhood after Old Ikoyi, Banana Island…
Race to N500bn: Banks step up capital drive as CBN tightens grip on recap to power $1trn economy…
The Central Bank of Nigeria (CBN) has reaffirmed its commitment to maintaining a resilient, safe, and sound financial system as the ongoing banking…
Sugar importation rises as local production falters
•Sugarcane farmers lament neglect, access to sugar refiners Reflecting the gross under-performance of the sugar sector after over 15 years of efforts towards self-sufficiency through local production,…
FIRS rolls out e-invoicing for large taxpayers, asks firms to complete integration by November 1
The Federal Inland Revenue Service (FIRS) has launched an electronic invoicing system to improve tax compliance and modernise revenue collection in Nigeria. The FIRS said the solution is an electronic fiscal system…
Dangote Refinery Imports US Oil as India Buys Nigerian Crude
Refineries in India are buying Nigerian crude while the country’s Dangote Petroleum Refinery is largely running on American oil, The PUNCH reports. In a twist that underscores the complexities of global oil…
NNPC Exits Buhari-era Road Tax Credit Scheme after Paying $577m, N822bn in 16 Months
*FG shops for N3tn to fill funding gap *NNPC to focus on core business functions The Nigerian National Petroleum Company Limited (NNPC) has officially stopped funding the Road Infrastructure Tax Credit Scheme…
Inside The Ojulari- NNPC Storm
When President Bola Ahmed Tinubu appointed Bashir Bayo Ojulari as the Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPCL) on April 2, 2025, it was hailed as a defining moment…
Lagos Bans ‘Unsuitable’ Vehicles From E-Hailing Operations, Mandates Car Inspection For Uber, Bolt,…
The Lagos State Government says it will soon roll out a vehicle inspection schedule for all e-hailing operators as part of efforts to rid the sector of unsafe and unsuitable cars. Commissioner for Transportation, Mr.…
UTM Offshore, others get global recognition
Utm Offshore Limited has been listed among top 20 oil and gas construction projects in Sub Saharan Africa. The rating was done by Adron Mason, a frontline…
Nigeria’s beer makers pull off N132bn profit after years of losses
Beer makers in Africa’s largest consumer market are swimming in profits, helped by a stable naira and more local sourcing of…
Italy’s fast fashion hub becomes Chinese mafia battlefield
Prato, Europe’s garment powerhouse, has morphed into a violent turf war as rival Chinese mafia factions fight to…
Hardship: Nigerian-used car market booms as more owners sell off private vehicles
Soaring living costs, high exchange rates, and rising import tariffs are pushing foreign-used cars out of reach for many Nigerians, with Nigerian-used cars becoming the popular option. This trend, Saturday PUNCH…
New Tax Laws Will Kill Airlines – Operators
The Airline Operators of Nigeria (AON) has said the implementation of tax reforms will sound a death knell for domestic carriers operating in Nigeria. Vice-President of the AON, Mr. Allen Onyema, declared that…
Dangote refinery increases ex-depot petrol price to N850 per litre
The Dangote Petroleum Refinery has increased its ex-depot price of petrol to N850 per litre. The current price represents a N30 upward review from the previous…
Telecoms blackout looms as base station operators, diesel suppliers battle
Diesel business dispute between telecom tower managers, IHS, and the Natural Oil and Gas Suppliers Association of Nigeria, NOGASA, is threatening to affect telecom services in the country. The dispute, Vanguard…
Stakeholders fault receivership claims on Egbin, Ikeja Electric, FIPL
Stakeholders in the power sector, including legal luminaries, yesterday expressed concern over the alleged receivership claims against Ikeja Electricity Distribution Company (IKEDC), First Independent Power Limited…