Business
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Petrol landing cost drops, but pump price still rises sharply
On Thursday, November 8, the Major Energy Marketers Association of Nigeria (MEMAN) announced that the landing cost of petrol (also…
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Electricity consumers frustrated as DisCos hike prices of prepaid meters
On Monday, November 11, 2024, electricity consumers in the Federal Capital Territory (FCT) voiced their frustration after Electricity Distribution Companies…
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WTO DG: Okonjo-Iweala confirmed as sole candidate for second term as deadline for nominations ends
The Director-General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala has emerged the sole candidate for a second term…
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Embracing Nigeria-made goods, services panacea to poverty alleviation – Ooni of Ife
The Ooni of Ife has stressed the need to embrace locally made goods to reduce economic dependency and boost national…
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Presidency partners Tuface on MSMEs, job creation
Job Creation and Micro, Small and Medium Enterprises, MSMEs, Secretariat (Office of the Vice-President) has entered into a partnership with…
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Osinbajo urges Tinubu to focus on Nigerians’ welfare amid economic challenges
Former Vice President Yemi Osinbajo has called on President Bola Tinubu to make the welfare of Nigerians a priority, especially…
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Tinubu’s tax reform bill not against the North —Shehu Sani
A former Senator who represented Kaduna Central, Shehu Sani, has countered the Northern Governors Forum over alleged injustice in the…
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Dangote’s plan to dominate Nigeria’s oil industry could trigger economic chaos, warn marketers
Three major oil marketers in Nigeria have warned that a plan by Dangote Petroleum Refinery to dominate the country's oil…
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FG rolls out plan to provide financial protection for uninsured Nigerians
In a major step toward financial inclusion, the Nigerian government has launched an initiative aimed at providing financial protection to…
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PETROAN replies Dangote refinery, insists It can sell petrol at a cheaper price
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) on Monday maintained that its members can sell petrol cheaper…
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Dangote refinery sells petrol at N960/Litre to ships, N990 for trucks — Spokesman
Dangote Refinery has disclosed the price of its petrol, saying that it sells at N990 per litre in trucks and…
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Nigeria posed to host Africa energy bank headquarters, reaffirms government
The Nigerian government has confirmed its readiness to host the headquarters of the Africa Energy Bank (AEB), a significant step…
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Forex crisis: FG gives Nigerians 9 months to deposit dollars in bank
Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has revealed a new government policy that would permit…
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Court orders final forfeiture of $2.04m, properties linked to Emefiele
The Federal High Court sitting in Lagos on Friday ordered the final forfeiture of the sum of $2.045m, seven choice…
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Tax reform bills will not be withdrawn from national assembly, says Tinubu
Amid the controversy trailing the tax reform bills, President Bola Tinubu said the document would not be withdrawn from the…
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IPMAN: Dangote’s fuel prices are higher than others, we must consider Nigerians
The Independent Petroleum Marketers Association of Nigeria (IPMAN) stated on Friday, November 1, that the price of fuel from Dangote…
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Nigeria unveils 9-month dollar repatriation policy
The Federal Government has introduced a nine-month window for Nigerians to deposit dollars held outside the banking system without penalties,…
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MEMAN reassures Nigerians of petrol availability, urges against panic buying
The Major Energies Marketers Association of Nigeria (MEMAN) has assured Nigerians of ample petrol supply, urging citizens not to engage…
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Mining sector remits N1.1tn to federation account – NEITI
According to a new report by the Nigerian Extractive Industries Transparency Initiative, the extractive and mining sector remitted N1.14tn as…
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Business owners and commuters suffer as Calabar-Itu Road stays closed
Residents and business owners along Calabar-Itu Road in Uyo, Akwa Ibom State, are feeling the impact of the road being…
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Jega advises caution on advice from the World Bank and IMF
On Wednesday, October 30, Professor Attahiru Jega, a former leader of Nigeria’s Independent National Electoral Commission (INEC), shared important advice…
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Pick N Pay joins list of international companies divesting from Nigeria — Report
South African grocery retailer Pick n Pay will exit Nigeria by selling its 51% share of a joint venture as…
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FG plans separate super grid for northern states
The Federal Government has announced an initiative to create an independent super grid for each of the 19 northern states.…
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FCCPC warns Nigerian banks to improve online services after disruptions
On Tuesday, October 29, the Federal Competition and Consumer Protection Commission (FCCPC) issued a warning to Nigerian banks about ongoing…
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Frustrated Nigerians urge Tinubu to dismiss Power Minister Adelabu after 11-day blackout
On Monday, October 28, many Nigerians called on President Bola Ahmed Tinubu to remove Adebayo Adelabu, the Minister of Power,…
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FG considers regional power grids to tackle outages
On Monday, October 28, the Federal Government announced plans to explore a decentralized national power grid. This new system aims…
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FG urges states to implement new minimum wage
On Monday, October 28, the Federal Government called on states that have not yet begun paying the new national minimum…
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Dangote invests over $280 million in CNG to support Tinubu’s clean energy drive
Dangote has made investments of over $280 million in Compressed Natural Gas (CNG) technology and infrastructure, in what the firm…
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Oil slumps more than 4% after Iran downplays Israeli strikes
Oil prices tumbled more than $3 a barrel on Monday after Israel’s retaliatory strike on Iran over the weekend bypassed…
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CBN aims for $1bn monthly remittances after addressing diaspora concerns
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, on Saturday in Washington DC stated that having…
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Kogi state gets green light for international airport
In a significant boost to the state's economic development, the Federal Ministry of Aviation and Aerospace Development has approved the…
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CBN affirms old Naira notes will remain legal tender indefinitely, dispels December 2024 deadline
The Central Bank of Nigeria (CBN), on Thursday said it does not intend to discontinue the circulation of the old…
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Canada’s central bank delivers surprising rate cut, eases borrowing costs
In a bold move, the Bank of Canada slashed its key interest rate by half a percentage point to 3.75%…
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Governor Idris approves N75,000 minimum wage for civil servants in Kebbi
On Wednesday, October 23, Kebbi State Governor Nasir Idris announced the approval of N75,000 as the minimum wage for the…
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Governor Eno sets new minimum wage to N80,000 in Akwa Ibom
On Wednesday, October 23, Governor Umo Eno announced a new minimum wage of N80,000 for workers in the Akwa Ibom…
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Customers seek compensation for losses due to unstable bank networks
On Wednesday, October 23, many bank customers expressed their frustration, calling for compensation from financial institutions after experiencing losses due…
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FG drops money laundering charges against Binance executive
The Federal Government on Wednesday withdrew the money laundering charges preferred against Binance Holdings Limited executive, Tigran Gambaryan. Binance, its…
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Witness claims Emefiele’s companies received preferential treatment in procurement fraud case
In a hearing on Monday, October 21, at an Abuja High Court, prosecution witness Mr. Stephen Gana testified that two…
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Federal government unveils cashless tolling system for Abuja-Keffi expressway
In a bid to revolutionize Nigeria's transportation landscape, the Federal Government has announced the implementation of a cashless tolling system…
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Jumia makes changes: South Africa and Tunisia to close by the end of 2024
On Thursday, October 17, Jumia announced that it will stop its operations in South Africa and Tunisia by the end…
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