Dangote Petroleum Refinery has temporarily suspended the sale of petroleum products in Naira, citing the need to align its sales with its crude oil procurement, which is denominated in U.S. dollars.
In...
A Federal High Court in Lagos has ordered the arraignment of former First Bank of Nigeria Plc Chairman, Oba Otudeko, and its former Managing Director, Bisi Onasanya, over an alleged ₦12.3 billion fraud.
Delivering...
Renaissance Africa Energy Holdings has officially completed its landmark acquisition of Shell Petroleum Development Company of Nigeria (SPDC), taking over the entire 100% equity stake from Shell. The deal,...
The House of Representatives has adopted the Tax Reform Bills as a working document, confirming that Nigeria’s Value Added Tax (VAT) will remain at 7.5% for now.
Chairman of the Finance Committee, James...
In a major move to streamline government revenue collection and enhance fiscal oversight, the Federal Government on Tuesday unveiled the Treasury Management and Revenue Assurance System (TMRAS). The platform...
The Federal Competition and Consumer Protection Commission (FCCPC) has directed MultiChoice Nigeria, the operator of DStv and GOtv, to maintain its current subscription prices pending the conclusion of...
President Bola Tinubu has officially signed the 2025 Appropriation Bill, amounting to ₦54.99 trillion, into law. The signing ceremony took place on Friday at the Presidential Villa in Abuja, with the...
MTN Nigeria has issued a public apology following customer backlash over a sudden 200% increase in the price of its 15GB weekly data bundle. The price was raised from ₦2,000 to ₦6,000, catching many...
The Nigerian National Petroleum Company Limited (NNPCL) has announced that the rehabilitation of the Kaduna Refinery and Petrochemicals Company (KDPRC) has surpassed 60% mechanical completion. The update...
The Central Bank of Nigeria (CBN) has announced an end to free withdrawals for customers using Automated Teller Machines (ATMs) of banks other than their own. The new policy, which takes effect on March...
The Nigeria Customs Service Zone C headquarters marked International Customs Day with a renewed commitment to efficiency, security, and prosperity in trade facilitation. The celebration, held in Port...
The Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR) from 27.25% to 27.50% as part of its efforts to curb rising inflation. The decision followed the Monetary Policy Committee (MPC)...
The Port Harcourt Refining Company (PHRC) Ltd in Rivers State has officially commenced crude oil processing, marking a significant step toward enhancing Nigeria’s energy self-sufficiency.
Femi...
Nigeria’s economy recorded a 3.46% year-on-year growth in Gross Domestic Product (GDP) in real terms during the third quarter of 2024, according to the National Bureau of Statistics (NBS). This represents...
President Bola Ahmed Tinubu has officially requested the approval of a new external borrowing of $2.209 billion (₦1.767 trillion) from the Senate and the House of Representatives. The request, made in...
Nigeria’s inflation rate surged to 33.88% in October 2024, up from 32.7% in September, as the nation continues to face escalating costs of goods and services. The National Bureau of Statistics (NBS)...
The Nigerian National Petroleum Company (NNPC) Limited has announced a significant Gas Sale and Purchase Agreement (GSPA) between its subsidiary, NNPC Gas Marketing Limited (NGML), and Dangote Petroleum...
The Nigerian National Petroleum Company Limited (NNPC) has ceased importing refined petroleum products, opting instead to source fuel from the Dangote Refinery and other local refineries, announced NNPC...
Access Holdings Plc, one of Africa’s leading financial services groups, has released its unaudited financial results for the third quarter ending September 30, 2024, showcasing significant growth across...
Dangote Refinery announced on Sunday that it sells petrol at ₦960 per litre for ship sales and ₦990 per litre for truck sales, responding to claims from independent marketers that its prices are higher...
