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Category: Business
Marketers dumping NNPCL amid price war with Dangote Refinery – IPMAN
The Independent Petroleum Marketers Association (IPMAN) has confirmed that their members are already moving away from the Nigerian National Petroleum Company Limited (NNPCL) franchise for…
Dangote petrol price reduction will lower living costs for Nigerians – PETROAN
Petroleum Products Retail Outlets Owners of Association of Nigeria (PETROAN) has said the latest ex-depot premium motor spirit price reduction by Dangote Refinery will alleviate…
Expect another electricity tariff hike within months – Presidential aide
The Special Adviser to President Bola Tinubu on Energy, Olu Verheijen, says Nigeria’s electricity tariff will increase within months. She stated this at the Africa…
Nigeria’s VAT surged by 84.62% to N6.72trn in 2024 — FIRS
Nigeria’s Value Added Tax (VAT), collections rose by 84.62 per cent to hit N6.72 trillion in 2024. The Federal Inland Revenue Service (FIRS), disclosed this…
Comply with FG’s cash policy or risk access to funding – Edun warns MDAs
Nigeria’s Minister of Finance, Wale Edun, has warned the federal government’s ministries, departments, and agencies to comply with the revised cash-management and bottom-up cash-planning policy…
Naira gains massively, hits N1,485.95 per dollar
The naira recorded massive gains, the highest in months, to continue its appreciation streak against the dollar on the foreign exchange market. FMDQ data showed…
Nigeria secures $1.1 AfDB loan to provide electricity for 5m people
Nigeria has secured a $1.1 billion loan from the African Development Bank to provide electricity for 5 million people by the end of 2026. President…
PETROAN reacts as NMDPRA issues gas distribution licences to marketers
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), has said the issuance of gas distribution licences to petroleum marketers is instrumental in repositioning…
Hardship: Nationwide protest looms as Nigerians reject telecom tariff increase
A nationwide protest is currently brewing in Nigeria following the recent approval by the Nigerian Communications Commission (NCC), for telecommunication operators to increase tariff by…
What CBN must do to win fight against rising inflation – World Bank, IMF
The World Bank Group and International Monetary Fund (IMF) have told the Central Bank of Nigeria how to win a fight aimed at tackling the…