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Category: Business
Nigeria’s cashless payment hits N250trn as active bank accounts surge to 320m — NIBSS
The Nigeria Inter-Bank Settlement System (NIBSS’s), has announced that the country’s cashless transactions rose to N295 trillion in the first quarter of 2025, up from…
Dangote Refinery discontinues lawsuit against NMDPRA, NNPCL, marketers
Dangote Petroleum Refinery and Petrochemicals has withdrawn its lawsuit against the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), the Nigerian National Petroleum Company Limited…
FG launches N10m support scheme for tertiary institution workers
The Federal Government has launched a loan fund to support staff of tertiary institutions. The fund, known as the “Tertiary Institution Staff Support Fund,” is…
Dangote Refinery turns Nigeria into net crude importer with 10m barrels monthly
President of Dangote Group, Aliko Dangote, has said that his refinery imports between 9 and 10 million barrels of crude from the United States of…
ICPC, EFCC asked to investigate 31 MDAs over N103.8bn, $950,912 financial infractions
The Economic and Financial Crimes Commission (EFCC) and Independent Corrupt Practices and Other Related Offences Commission (ICPC) have been petitioned to investigate 31 ministries, departments…
NNPCL reduces fuel price again
Nigerian National Petroleum Company Limited (NNPCL) has reduced its premium motor spirit price for the second time in one week. We observed on Wednesday, that…
Africa may never see new refineries built again – Dangote raises concern
Nigerian businessman, Aliko Dangote has said Africa may never see the construction of any new large-scale refineries again, except the rent-seeking behaviors in the petroleum…
Senate approves Tinubu’s $21bn foreign loan plan
The Senate has approved President Bola Tinubu’s external borrowing plan of over $21 billion for the 2025–2026 fiscal cycle. THE PRIME NEWS reports that the…
Fuel price cut: Dangote refinery dumps petrol marketers
Dangote Refinery has dumped petroleum products marketers as its direct fuel and diesel distribution nationwide scheme draws closer. This comes as a letter by the…
BREAKING: Nigerian petrol marketers to reduce fuel prices nationwide
The Nigerian Petroleum Products Marketers Association of Nigeria has announced a plan to reduce the premium motor spirit price from Monday following Dangote Refinery’s latest…