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REA PARTNERS WITH FCMB TO LAUNCH ₦100 BILLION FINANCING FACILITY TO ACCELERATE ELECTRICITY ACCESS…
In a landmark move to bolster electricity access for millions of Nigerians, the Rural Electrification Agency (REA) and First City Monument Bank (FCMB) have on Thursday…
Trump policies: Over 14% decline in tourism to costs U.S. $21 billion
Statistics by the United States Travel Association have revealed that the country may lose an estimated $21 billion in travel-related exports…
Aliko Dangote Foundation Distributes 40,000 bags of rice to People Living with Disabilities,…
In furtherance of its National Food Intervention programme, the Aliko Dangote Foundation has commenced the distribution of…
USSD debt: Telcos recover N170bn from banks
The long-term dispute between telecommunications operators and commercial banks over unpaid Unstructured Supplementary Service Data fees appears to be drawing to a close, as telecom companies confirm the recovery of…
Marketers to engage Dangote on fuel distribution plan
Members of the Major Energies Marketers Association of Nigeria say they will discuss with the Dangote Petroleum Refinery to fully understand the implementation of its plan to supply directly to filling stations…
Marketers consult foreign traders for cheaper fuel imports
Oil marketers say they have commenced negotiations with international traders to import cheaper Premium Motor Spirit (petrol) into Nigeria to remain competitive in the business. This is even as the Independent Petroleum…
SEC warns against Zugacoin and Samzuga GPT, says they are not licensed in Nigeria
The Securities and Exchange Commission (SEC) has issued a stern warning regarding two cryptocurrency products—Zugacoin and Samzuga GPT—stating that they are not licensed to operate within Nigeria’s financial market. In…
Private hospitals expand as FX reforms unlock capital
...but administrative bottlenecks need fixing Nigeria’s private healthcare sector is experiencing a revival, driven by recent foreign…
Nigeria Imports N1.2tn Crude Oil Amidst Production Slump
Despite being Africa’s largest crude oil producer, Nigeria imported crude oil worth N1.19tn in the first quarter of 2025 due to poor domestic supply to local refineries, The PUNCH reports. The National Bureau of…
What Dangote’s fuel delivery plan means for Nigeria’s downstream sector
Nigeria’s biggest refinery is bypassing third parties. We unpack what it means for fuel prices, competitors, and consumers. …
Buhari’s son‑in‑law testifies against Indimi sisters in $435m oil dividend feud
Ahmed Indimi has backed Oriental Energy and his father, Muhammadu Indimi, putting him at odds with his sisters in a case that could…
CrediCorp: Loan defaulters risk losing passport, rent access — FG
The Federal Government has said it will soon attach citizens’ credit scores to their National Identification Number, creating a single, compulsory record of borrowing and repayment behaviour that follows them across…
Doubts linger as OPS reacts to 22.97% inflation rate
Nigeria’s inflation rate dropped to 22.97 per cent in May 2025, the National Bureau of Statistics said on Monday. The figure represents a decline of 0.74 percentage points when compared to the 23.71 per cent recorded in…
Court halts Ecobank’s N6.3bn shares suit against Otudelo pending appeal
A Federal High Court in Lagos, on Monday, halted further proceedings in a suit filed by Ecobank Nigeria over the alleged unlawful sale of N6.3bn shares held by Barbican Capital Ltd., pending the outcome of an appeal at…
Dangote Refinery offers transport-free deliveries of PMS, Diesel, Aviation fuel to all marketers,…
…Analysts say the initiative will reduce inflation and create jobs A recent initiative by the Dangote Petroleum…
Managing Director/CEO of Fendini Homes Ltd , Prince Adelaja Adeoye Arrested for Alleged Document…
The management of Fendini Homes Ltd has expressed deep concern over the arrest of its Chairman and Managing Director/CEO, Prince Adelaja Adeoye, over…
PETROAN warns of monopoly over Dangote refinery’s nationwide fuel distribution plan
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) says the Dangote Refinery’s forward integration adoption could lead to a monopoly in disguise. On June 15, Dangote refinery said it would…
More trouble for depot owners as Dangote begins petrol, diesel distribution nationwide
…Offer open to Marketers, Petrol Dealers, Manufacturers, Telecoms Firms, Aviation and other large users Dangote Petroleum Refinery is pleased to…
Israel-Iran conflict: Marketers hike petrol prices as crude oil hits $74 per barrel
The ongoing Israeli-Iran conflict has triggered an upward adjustment in petrol prices by 10 marketers as crude oil rose 8.8 per cent to $74 per barrel from $68 per barrel. Crude prices are expected to rise further…
MultiChoice considers weekly subscription after losing 2.8m subscribers
MultiChoice Group, has mulled a weekly subscription model across its markets, including Nigeria.The decision is aimed at stemming the falling tide in…
Inside legal showdown that freezes Lafarge’s foreign takeover
In a bold move that has sent ripples through Nigeria’s corporate and investment circles, Strategic Consultant Ltd, one of Lafarge Africa’s minority shareholders, has stepped into the spotlight, challenging alleged…
Nigerians imported N1.67tn food, drinks in three months – NBS
Nigerians imported food and beverages valued at N1.67tn between January and March 2025, according to latest data from the National Bureau of Statistics. The figure represents a marginal increase of five per cent…
NNPC declares N5.89trn revenue, N748bn profits for April 2025
The Nigerian National Petroleum Company (NNPC) has declared that it made N5.89 trillion in revenue in April 2025. A document titled ‘NNPC Limited Monthly Report Summary – April 2025’, posted on the national oil…
Afriq Arbitrage CEO, Jesam Michael, Arraigned for Multi-Billion Naira Investment Fraud — Remanded in…
Jesam Michael, Chief Executive Officer of Afriq Arbitrage System Limited, was on Tuesday, June 10, 2025, arraigned by the Economic and Financial Crimes…