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Marketers optimistic of lifting Dangote petrol directly as scarcity persists
•Says pricing remains a big issue MARKETERS have expressed optimism that they would be able to lift premium motor spirit (also known as petrol) directly from Dangote Refinery as scarcity of the product…
Eight banks rake in N4.8tn from loans – Report
The interest rate hike implemented by the Monetary Policy Committee of the Central Bank of Nigeria in an attempt to combat rising inflation has raised the combined net interest incomes of eight Deposit Money Banks…
Nigeria loses $86bn annually to foreign freight dominance – Shipowners
Nigerian shipowners have said the country is losing about $86bn annually to foreign dominance in the freight forwarding business. They said the Federal Government’s inaction and unfriendly policies had stifled the…
Petrol Is N52/Litre In Libya
Libya continues to offer the cheapest petrol in Africa, with the price of octane-95 gasoline (petrol) standing at 0.15 Libyan Dinar per litre, equivalent to approximately $0.032 or N52 as of September 16, 2024.…
𝐀𝐟𝐞 𝐁𝐚𝐛𝐚𝐥𝐨𝐥𝐚 𝐟𝐚𝐮𝐥𝐭𝐬 𝐍𝐍𝐏𝐂 𝐩𝐞𝐭𝐫𝐨𝐥 𝐬𝐚𝐥𝐞𝐬 𝐦𝐨𝐧𝐨𝐩𝐨𝐥𝐲
Elder statesman and Chancellor of Afe Babalola University, Aare Afe Babalola, has faulted the monopoly of the Nigerian National Petroleum Corporation Limited in the sale of petrol from the Dangote refinery.…
GTCO’s Habari Pay Launches Initiative To Accelerate Pathways For University Students Looking To Get…
In line with its mission of empowering businesses and young innovators across Africa, HabariPay's Squad launched its first ever Squad…
Arrest me instead of my son – Binance executive’s mother begs FG
Knarik Gambaryan, the mother of Binance executive, Tigran Gambaryan, said her son was innocent of the charges brought against him by the Nigerian government. Gambaryan, a US citizen and Binance’s financial crimes…
WEMA BANK SET TO LAUNCH SEASON 4 OF ITS 5 FOR 5 PROMO REWARD INITIATIVE From October 1st, 2024
Wema Bank, Nigeria’s foremost innovative bank and pioneer of Africa’s first fully digital bank, ALAT, is set to launch the 4th season of…
GTCO’s Guaranty Trust Bank Named Best Bank for Corporate Social Responsibility in Nigeria by…
Guaranty Trust Bank Ltd (“GTBank,” or “the Bank”), flagship subsidiary of Guaranty Trust…
JUST IN: We’ve not reintroduced cybersecurity levy, says CBN
The Central Bank of Nigeria (CBN) has not reinstated the cybersecurity levy that was previously suspended.…
FG Has Exited Ways, Means Financing – Edun
Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, declared yesterday in Lagos that the federal…
Ecobank gains approval to boost capital buffer by 10% to prevent bond default
Ecobank Nigeria has successfully secured the approval of its noteholders to amend key provisions tied to its $300 million Senior Note Participation Notes due in 2026, following the severe impact of the Naira’s…
NNPCL, marketers return to PMS import over shortfall from Dangote
• Low queue as IPMAN, MEMAN say supply below expectations• Dangote debunks shortfall claim, insists supply on track Nigerian National Petroleum Company Limited (NNPCL), yesterday, said the Dangote Refinery is…
OPEC blames high fuel prices on taxes, not Dangote refinery, oil producers
Nigeria’s recent fuel price hike has sparked widespread concern, with many attributing the blame to oil producers,…
Global stock markets soar in reaction to US rate cuts
Stock markets across the world have been reacting very positively to the first benchmark rate cut in the United States since 2020. After the…
Our Hopes Dashed Over Dangote Fuel Price – Nigerians
Despite the rollout of premium motor spirit (PMS) otherwise known as petrol from the Dangote Refinery on Sunday, Nigerians have expressed disappointment over the high price of fuel. They said their hope on the…
11 plc, Total Energies, AA. Rano, others pay N766 to lift Dangote petrol
11plc, Total Energies, AA Rano, and other marketers have begun lifting Dangote Petrol through Nigerian National Company (NNPC) Trading Limited for N765.99 to retail outlets nationwide. BusinessDay findings…
NRC recorded N3.1bn revenue, transported 1.4m passengers in six months – NBS
The National Bureau of Statistics (NBS) says the Nigerian Railway Corporation (NRC) transported 1.4 million passengers and generated N3.11 billion in revenue in the first half of 2024. The figures, representing…
Nigeria truck drivers spend over N450,00 as levies to transport yam from north to south — Taiwo…
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has disclosed that a truck driver spends more than N450,000 as levies to transport food items such as yams from the northern…
Sterling Holding Company appoints new directors
Sterling Financial Holdings Company Plc has announced the appointment of two seasoned professionals to the boards of Sterling Financial Holdings Company Plc…
PZ Cussons to sell African subsidiaries, says it’ll reduce exposure to naira fluctuations
PZ Cussons Plc, the parent company of PZ Cussons Nigeria, says the company is planning to sell its African subsidiaries. In its ‘Results for the year ended 31 May 2024,’ published on Wednesday, PZ Cussons said the…
Nigeria now records monthly net inflow of $2.35 billion into foreign reserves — Wale Edun
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said the country now records about $2.35 billion as net inflow into the Central Bank foreign reserves. Edun made this statement while…
FIRS plans incentives to draw informal sector into tax net
•Set to introduce e-Invoice The Federal Inland Revenue Service (FIRS) has revealed plans to further enhance the Nigeria’s tax system by exploring various incentives aimed at drawing players in the informal…
Major marketers begin lifting petrol from Dangote Refinery
The Nigerian National Petroleum Company Limited, NNPCL, has authorised major petroleum marketers to commence lifting premium motor spirit, PMDS, otherwise known as petrol, from Dangote Petroleum Refinery under the…