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Category: Business
Nigerian banks owe FG N600bn, clear N205.6bn in windfall tax
Nigerian banks still owe the federal government N600 billion in windfall tax. This comes as six Nigerian banks have paid about N205.6 billion as a…
Landing cost of petrol increases to N885 per litre
The landing cost of imported premium motor spirit increased to N885 per litre on Wednesday from N797. The Major Energy Marketers Association of Nigeria disclosed…
Petrol imports rise to 154m litres weekly as marketers dump Dangote Refinery
Nigeria’s petroleum products marketers and retailers imported 154.22 million litres of premium motor spirit from March 17 to 23, 2025, according to the Nigerian Port…
Fuel Price: Why we’ll dump Dangote Refinery for NNPC, imports – PETROAN
The Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) has explained that it members will not hesitate to dump Dangote Refinery for alternatives over…
Fresh fuel price hike looms as Dangote refinery stops petrol sales in Naira
There is indication of a fresh premium motor spirit price hike as Dangote Refinery announced the temporary suspension of the sales of petroleum products in…
Reps pass Tinubu’s tax reform bills
Nigeria’s House of Representatives on Tuesday passed for third reading, the four tax reform bills sent to the National Assembly in October 2024 by President…
Senate moves to compel Facebook, X, Instagram, others to have offices in Nigeria
The Senate on Tuesday continued with the legislative process on a bill seeking social media platforms to establish physical offices within the country. The proposed…
How Nigeria’s fuel subsidy removal worsened Niger’s petrol scarcity
Nigeria’s fuel subsidy removal nearly two years ago has been attributed as one of the reasons Niger has been experiencing fuel scarcity in recent weeks….
Shell Nigeria gets new name after complete acquisition by Renaissance
Shell Petroleum Development Company of Nigeria Limited (SPDC) has been renamed to Renaissance Africa Energy Company Limited after 46 years of operation in Nigeria. The…
Again, Dangote Refinery reduces fuel price
Dangote Refinery has reduced its ex-depot premium motor spirit price to N815 per litre. This latest price drop comes after fuel landing cost dropped to…