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Category: Business
FAAC: Federal, state, local governments share N1.703 trillion as revenue
The Nigerian government shared a total sum of N1.703 trillion as revenue for January 2025 from the Federation Account to the Federal Government, states, and…
Heritage Bank: NDIC makes fresh demands from Nigerian lawyers
The Nigeria Deposit Insurance Corporation (NDIC) has appealed to Nigerian lawyers to support its efforts in defunct bank asset recovery, citing the example of the…
Nigerian Govt to review electricity tariffs for Band B, C customers
The Federal Government has confirmed that it is planning to regularise electricity tariffs. This is in an effort to address disparities in the current billing…
Resolution coming – IPMAN gives update on planned nationwide shutdown over N100bn bridging claim
The Independent Petroleum Marketers Association of Nigeria (IPMAN), has asked its members not to proceed with the proposed nationwide shutdown over the unpaid N100 billion…
EU reacts to Trump’s 25% tariffs on imports
European Commission, EU, on Wednesday said it will react “firmly and immediately” to unjustified barriers to free and fair trade after United States President Donald…
Dangote reveals two biggest problems to industrialisation in Nigeria
Africa’s richest man and billionaire, Aliko Dangote, has revealed that unstable electricity supply and inconsistencies in government policies have remained major problem for industrialisation in…
World Bank to approve $2.2bn loan for Nigeria in 2025
The World Bank has approved a total of $2.2 billion in new loans for the Federal Government of Nigeria in 2025. According to the World…
BREAKING: Dangote reduces petrol price to N860/litre
Dangote Petroleum Refinery on Wednesday, announced a reduction in the ex-depot (gantry) price of Premium Motor Spirit, PMS, commonly referred to as petrol, by N65.00….
N100bn bridging claims: PETROAN urges members to avoid shutdown, seek dialogue
The Petroleum Retailers Outlet Owners Association of Nigeria (PETROAN) has urged its members to refrain from shutting down operations over unpaid bridging claims and instead…
NNPC fails to remit N13.7tn into Federation account
The Nigerian National Petroleum Company Limited (NNPCL) has failed to remit N13.763 trillion in revenue to the Federation account. This is according to a document…