Oil marketers have revealed that the landing cost of Premium Motor Spirit (petrol) as of Friday was N922.65 per litre. Dealers said this cost factors in various expenses including shipping, import duties,... Read more »

One of Africa’s leading financial institutions, Zenith Bank has reaffirmed its dedication to employee welfare by announcing the promotion of over 4,000 staff members and implementing salary increases ranging from 20% to... Read more »

Governor of the Central Bank of Nigeria (CBN), Dr. Olayemi Cardoso, has vowed to tackle the commoditisation ( buying and selling) of Naira notes, which has become widespread in the country. CBN... Read more »

China National Chemical Engineering International Corporation Ltd (CNCEC) has announced its commitment to support Nigeria’s ambitious $20 billion Ogidigben Gas Project in Delta State, marking a significant milestone in the bilateral economic... Read more »

The Nigerian Communications Commission (NCC) has approved the request of telecommunications companies to raise tariff. According to Reuben Mouka, spokesman of the commission, the approval was granted in pursuant to its power... Read more »

Dangote Refinery has assured Nigerians that three of its partners will sell petrol for ₦970 per litre nationwide despite the company’s recent increase in the ex-depot price of petrol. A spokesman for... Read more »

Bosun Tijani, the minister of Communications, Innovation, and Digital Economy, has disclosed that the anticipated hike in telecom service prices may push the floor costs of calls, SMS, and data up by... Read more »

Nigerian telecommunications companies said they proposed a 100 per cent tariff hike to the regulator, the NCC, across voice, data and digital and are awaiting approval. The proposal, which has been submitted,... Read more »

The 125, 000 barrels per day Warri Refining & Petrochemicals Company (WRPC) in Warri, Delta State is now up and running. This was disclosed by the Group Chief Executive Officer of the... Read more »

As 2024 draws to a close, CDV Properties and Development Ltd has reflected on a successful year marked by significant achievements. In a statement, the real estate company expressed gratitude to its... Read more »

The federal government has unveiled its strategy to reduce inflation from the current 34 percent in 2024 to a targeted 15 percent by the end of 2025. This was disclosed by a... Read more »

The Nigerian National Petroleum Company (NNPC) Limited has reduced the price of Premium Motor Spirit (PMS), commonly known as petrol, across its retail outlets nationwide. The price of petrol at NNPC retail... Read more »

The naira appreciated against the dollar in both the official and parallel foreign exchange markets on Thursday. According to data from the Central Bank of Nigeria, CBN, the naira closed at N1,532... Read more »

The cost of importing petrol into Nigeria has decreased to N900.28 per litre, reflecting a reduction from last week’s N936.75 per litre. This marks a 3.62% drop as reported by energy marketers.... Read more »

The exchange rate between the naira and the dollar has fallen back to approximately N1,745/$1 on the parallel market, marking a sharp reversal from the sub-N1,600 levels recorded late last week. As... Read more »

OPay, your favorite financial app, has been awarded the prestigious IFIC Award for Financial Inclusion Innovation by the Central Bank of Nigeria (CBN)! This recognition highlights OPay’s commitment to providing secure, accessible,... Read more »

In a continuation of the Central Bank of Nigeria’s (CBN) increased scrutiny of fintech startups, two of the country’s most prominent unicorns, Moniepoint and OPay, were fined ₦1 billion each in the... Read more »

The naira strengthened to N1,600 per dollar at the parallel market on Friday, marking a 6.7% appreciation from N1,715/$ recorded on December 5. Bureau de change operators in Lagos quoted the dollar’s... Read more »