The Dangote Petroleum Refinery has increased its Premium Motor Spirit (PMS) or petrol gantry price by N100, raising the ex-depot rate from N774 to N874 per litre, amid renewed volatility in global... Read more »
The Nigerian naira continued to depreciate against the US Dollar after opening trading for the week at N1,378 per dollar at the Nigerian Foreign Exchange Market (NFEM) on Monday, 2nd March, 2026.... Read more »
The Nigerian equities market delivered one of its strongest performances in recent history in February 2026, with a powerful rally that lifted investor wealth by more than N17.6 trillion and pushed the... Read more »
Nigeria’s power generation companies have attributed the country’s persistently low electricity output averaging about 4,000 megawatts from an installed capacity of 15,500MW, to deep-rooted regulatory distortions and operational constraints within the electricity... Read more »
The Nigerian National Petroleum Company (NNPC) Limited reported revenue of N60.5 trillion and profit after tax of N5.76 trillion for the 2025 financial year. The NNPC Ltd, in its December 2025 monthly... Read more »
Dangote Petroleum Refinery has reduced the gantry price of Premium Motor Spirit by N25 per litre, lowering its ex-depot/gantry rate from N799 to N774 per litre. The refinery communicated the price adjustment... Read more »
The Dangote Petroleum Refinery has pushed back against claims that it imports finished petroleum products, clarifying that its operations are structured around a merchant refinery model that relies on intermediate feedstock rather... Read more »
The Central Bank of Nigeria (CBN) has approved a two-month temporary dispensation allowing the continued use of NAFDAC licences that expired on December 31, 2025, for the processing of Forms M. The... Read more »
Dangote Petroleum Refinery and Petrochemicals FZE has allegedly suspended the sale of petrol and voided all existing Premium Motor Spirit (PMS) supply agreements, according to a report by Petroleumprice.ng. In a notice... Read more »
The Securities and Exchange Commission (SEC) has announced a comprehensive revision of minimum capital requirements for all categories of capital market operators, in a move aimed at strengthening the resilience and long-term... Read more »
The equities market closed on a positive note on Tuesday, delivering a N469 billion gain to investors amid sustained buying interest across key stocks. The gain was driven by sustained investor interest... Read more »
The federal ministry of finance says it will take over the development finance quasi-fiscal responsibility of the Central Bank of Nigeria (CBN). In a statement on Thursday, Doris Uzoka-Anite, the minister of... Read more »
Following the implementation of the Tax Act, banks will start charging senders a N50 stamp duty on electronic transfers of N10,000 and above from January 1, 2026. The stamp duty or electronic... Read more »
Dangote has openly said that the price differential between his exporting cement and what Nigerians pay domestically is primarily caused by Nigeria’s high tax and regulatory burden. During a press conference with... Read more »
The Nigerian National Petroleum Company Limited (NNPCL) has reduced the pump price of Premium Motor Spirit (PMS), commonly known as petrol, to around ₦835 per litre in major cities, marking the third... Read more »
Last week, Ledig, a fintech infrastructure company, celebrated its 1-year anniversary. The company began with a narrow but ambitious focus: to solve the structural problems that prevent businesses in emerging markets from... Read more »
The Dangote Petroleum Refinery has reduced its petrol gantry price from N828 to N699 per litre, marking a N129 (15.58%) drop in the Premium Motor Spirit benchmark. The adjustment, effective December 11,... Read more »
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The Nigerian National Petroleum Company Limited (NNPCL) and several other filling stations have again reduced the pump price of Premium Motor Spirit (PMS) across Abuja. Akelicious correspondent observed that NNPCL retail outlets... Read more »
The Corporate Affairs Commission (CAC) has announced a nationwide enforcement exercise to end the operations of unregistered Point-of-Sale (PoS) agents across the country. The CAC,in a statement signed by its management, directed... Read more »