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NNPCL didn’t remit N500bn revenue in 2024 – World Bank
The World Bank has revealed that the Nigerian National Petroleum Company Limited has only been remitting 50 per cent of revenue gains from the removal of the Premium Motor Spirit subsidy to the Federation Account.…
NNPC slashes petrol pump price to N910/litre in Abuja
The Nigerian National Petroleum Company (NNPC) Limited has reduced the price of Premium Motor Spirit (PMS), also known as petrol, to N910 per litre from N935 per litre in Abuja.
However, the price adjustment has not…
Nigerians don’t read enough… only 2,000 people downloaded a CBN document – Cardoso
Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), has asked Nigerians to engage more with…
CBN launches diaspora BVN platform
… Targets massive remittances
The Central Bank of Nigeria (CBN), in collaboration with the Nigeria Inter-Bank Settlement System (NIBSS), has officially launched the Non-Resident Bank Verification Number…
Fuel import ban fears re-ignite Dangote, marketers’ row
Oil marketers have declared that the Dangote Petroleum Refinery and others in Nigeria may raise the pump price of petrol to N1,500 per litre once there is an outright ban on fuel importation.
While the National…
Nigeria Battles N1.4trn Rice Deficit Despite Glut In Markets
Rice glut in global market has crashed the price of Thailand parboiled specie from $502 to $390 per tonne or $7.8 (N12,480) per 50 kilogrammes bag, leading…
Nigerians to be impacted as US plans 5% tax on remittances
The United States lawmakers have proposed a bill seeking to impose a 5 percent tax on remittances sent abroad.
According to a draft of the…
BREAKING: FG begins overhaul of DisCos
The Federal Government has begun moves to initiate sweeping reforms to revitalise the nation’s electricity distribution sector, starting with a pilot overhaul of two underperforming distribution companies.
The…
Again, CBN warns public on false contract, intervention funds offering
The Central Bank of Nigeria, CBN, on Monday reiterated its stance that it has not authorised any intermediary claiming to offer contracts, financial grants, or intervention funds to the public on its behalf.…
US, China agree to slash tariffs in trade war de-escalation
The United States and China announced Monday an agreement to drastically reduce tit-for-tat tariffs for 90 days, de-escalating a trade war that has roiled financial markets and raised fears of a global economic…
BREAKING: Dangote Refinery slashes petrol gantry price to N825 per litre
Dangote Petroleum Refinery has slashed the gantry price Premium Motor Spirit, PMS, also known as petrol to ₦825 per litre from N835 per litre as competition continues in the domestic market.
Last month, the…
APM Terminals Apapa hits highest export volumes in one month
APM Terminals Apapa has recorded its highest volume of Nigerian exports in one month since inception in 2006. This was made known in a press statement made available to the media on Sunday.
The terminal had in April…
CSO sues AMCON, others over alleged undervalued sale of IBEDC for $62 million
The African Initiative Against Abuse of Public Trust, a civil society organisation, has filed a lawsuit at the Federal High Court in Abuja against the Asset…
Dangote Donates N15billion To University
…Offers Automatic jobs To Best graduating Students
Group President of the Dangote Industries Limited (DIL), Aliko Dangote, has announced the…
CBN earns N3.1bn interest on FG’s ways and means
The Central Bank of Nigeria earned N3.1bn as interest on the Federal Government’s overdraft facility in 2024, down sharply from the N1.6tn it earned in 2023, figures from the apex bank’s audited financial…
ELECTRICITY SUPPLY…Nigerians Outside Band ‘A’ Now Live In Darkness
Electricity consumers in the lower bands across Nigeria have accused the power Distribution Companies (DisCos) of neglect and…
Poultry farmers lament drop in egg sales
Poultry farmers in Nigeria have raised the alarm over a sharp decline in egg sales, attributing the downturn to economic hardship and dwindling purchasing power among citizens.
According to the farmers, egg sales…
DAPPMAN raises the alarm over Dangote refinery’s potential market control
The Depot and Petroleum Products Marketers Association of Nigeria has raised the alarm over what it describes as an emerging monopoly in the downstream petroleum sector.
The marketers warned that the dominance of the…
Marketers import N2.4tn petrol amid competition with Dangote
A fresh round of hostilities may have erupted between major oil marketers and the Dangote petroleum refinery as both parties jostle for dominance in Nigeria’s downstream oil sector, Saturday PUNCH reports.
This…
Arthur Eze to pay $10 million to regain oil blocks in Equatorial Guinea
Nigerian billionaire Arthur Eze is under pressure in Malabo, as his influence in Equatorial Guinea continues to fade. Authorities there…
Africa’s richest man Aliko Dangote’s jet could fetch up to $78 million
In the world of luxury aviation, few aircraft hold the same prestige as the 2020 Bombardier Global. This particular jet, owned by Africa's…
Emirates becomes world’s most profitable airline, records $6.2bn profit
Emirates Group has released its 2024-25 Annual Report, with Emirates reporting the best result in its history to become the world’s most profitable airline.For the financial year ended March 31, 2025, the…
SEC intensifies crackdown on ponzi schemes
The Securities and Exchange Commission (SEC) has intensified its efforts to curb the spread of Ponzi schemes in…
Lekki Port seeks NSC’s support on tariff review
The Managing Director of Lekki Port, Wang Qiang, has called on the Nigerian Shippers’ Council (NSC) to intervene in reviewing the port’s…