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Monopoly should be discouraged — Oil marketers
Oil marketers, under the auspices of the Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN, have advocated a holistic market where Nigeria-based refiners, importers, depot owners and retail…
Customs suspends 4% FOB charge on import
• Manufacturers fear for sectors’ survival, asks FG to halt 41% CISS fee • Reps ask FG to suspend telecom tariff hike…
Trudeau Says Canada Will Resist US Steel Tariffs ‘Strongly And Firmly’
Canadian Prime Minister Justin Trudeau said on Tuesday that his country will resist any US tariffs on steel, announced by President Donald Trump, that he said would hit the US’s “closest ally”. Such tariffs…
FG assumes full control of Keystone Bank
Keystone Bank has confirmed that it is now fully owned by the Federal Government of Nigeria, stating that the takeover will enhance its stability and facilitate a smooth recapitalisation process. The bank disclosed this…
Dangote refinery announces reduction in price of diesel
Dangote refinery on Tuesday announced a reduction in the price of diesel from N1,075 to N1,020 per litre. The…
HABARIPAY’S SQUAD ANNOUNCES DATES FOR TAKE ON SQUAD HACKATHON 2.0… INVITES APPLICATIONS FROM YOUNG…
HabariPay’s Squad, payment fintech subsidiary of Guaranty Trust Holding Company Plc (“GTCO” or the “Group”), today announced…
Banks mull USSD charges over new telco tariff hike
Banks in Nigeria are considering charging customers for Unstructured Supplementary Service Data (USSD) transactions after telecommunications companies…
JUST IN: CBN to implement new ATM transaction fees from March 1
The Central Bank of Nigeria (CBN) has announced a review on the transaction fees for automated teller machines (ATMs) In a circular signed by John Onojah, acting director of financial policy and regulation department,…
Naira trades at highest level in 2025, nears N1,500/$ at black market
The Nigerian naira is at its strongest level in the unofficial market this year amid improved market fundamentals and ongoing reforms by the Central Bank of Nigeria. The naira buying price in the black market was…
Eko Disco customers to get free meters
Eko Electricity Distribution Company says it has commenced the distribution of free prepaid meters to Band A customers within its franchise area. The company said this is part of the continuous effort to bridge…
Dangote Peugeot begins 3008 GT assembly in Kaduna, unveils Landmark pickup
The official manufacturer and marketer of the Peugeot brand of vehicles in Nigeria, Dangote Peugeot…
Billionaire Femi Otedola’s brother, Rotimi sells N4.6 billion Geregu shares
Olurotimi Otedola, the founder of the Afrinero music band and the brother of Nigerian billionaire Femi Otedola, has sold shares in Geregu Power Plc worth N4.6 billion, according to a filing with the Nigerian…
CBN shifts MPC meeting to February 18, 19
The Central Bank of Nigeria has rescheduled the 299th Monetary Policy Committee meeting earlier slated for February 17 and 18, 2025. In a statement on Monday, the apex bank said the meeting will now be held on…
Wema Bank Kicks Off 80th Anniversary Celebration with “80 Years of Spreading Love” Valentine…
Wema Bank has kicked off its 80th-anniversary celebration with the launch of its “80 Years of Spreading Love” Valentine…
Dangote Refinery Now Operates At 85% Capacity, To Reach Full Capacity In 30 Days, Says Management
The Dangote Oil Refinery, with a capacity of 650,000 barrels per day, is set to achieve full operation within the next 30 days. According to Edwin Devakumar, the refinery's head, the facility can reach 100 percent…
CBN directors kick as Cardoso’s illegal consultants earn “obscene” salaries
The women’s presence, operation, and compensation have set tongues wagging across the Central Bank of Nigeria (CBN). Senior staff members across the CBN’s 29 departments are fuming and grumbling over how the…
Trump to announce 25% tariffs on steel and aluminum, escalating trade tensions with Canada, others
U.S. President Donald Trump has announced plans to introduce new 25% tariffs on all steel and aluminum imports, marking a significant escalation in his trade policy agenda. Speaking to reporters aboard Air…
Why Nigerians prefer Fintech loans over traditional bank loans
When Joe Michael needed a loan in 2021, he approached his bank to inquire about the process and requirements. He was surprised by the extensive documentation needed for a personal loan, which included a completed…
Manufacturers, Others Decry New 4% Levy On Imports
The imposition of a four per cent increase in charges on all consignments imported into the country by the Nigeria Customs Service (NCS), last week, drew disapproval from manufacturers, economists and other…
BREAKING: Falana Sues Meta, Seeks $5m For Invasion Of Privacy
A Senior Advocate of Nigeria (SAN) Femi Falana has filed a $5, 000, 000 (Five million US dollar) suit before a Lagos High Court against the United States of America-based organization Meta Platforms Inc., over…
Energy Expert Urges President Tinubu to End Petrol Import Racket, Prioritise Local Refining
Energy expert Dan Kunle has warned that the continued importation of petrol and diesel by the Nigerian National Petroleum Corporation (NNPC) Limited and certain…
Nigerian billionaire businessman jailed in Dubai
A Dubai court has sentenced the owner of Rahmaniya Group and Ultimate Oil & Gas, Abdulrahman Bashar to one year in prison for a financial crime involving his dealings with CI Energy Company, an oil and gas…
‘I Came From Nowhere And I Have Achieved A Lot’ – Tony Elumelu
At the esteemed Legacy Builders Palm Beach Conference, held at the luxurious Eau Palm Beach Resort &…
‘How Does This Make Sense?’ – Saraki Questions Tinubu Govt Over New Customs Levy
Former Senate President Bukola Saraki has expressed strong reservations about the new 4% charge on the Free On-Board (FOB) value of imports, recently introduced by the Nigeria Customs Service. The charge, which was announced…