Business

The Nigerian Electricity Regulatory Commission (NERC) has introduced new penalties for individuals and businesses found guilty of bypassing electricity meters. In its newly-issued revised ‘Order on Unauthorised Access, Meter…

Nigeria’s headline inflation has dropped to 24.48% year on year in January 2025. This is a sharp decline from the 34.80% headline inflation recorded in December 2024. This is according to the National Bureau of Statistics (NBS).…

The Central Bank of Nigeria (CBN) says charges will now apply anytime customers use the Automated Teller Machines (ATMs) of banks other than theirs. This was contained in a circular dated February 10, 2025, and addressed to all banks…

The Nigeria Extractive Industries Transparency Initiative (NEITI) has stated that Nigeria generated over 831.14 billion dollars in revenue from the oil and gas sector between 1999 and 2023. NEITI’s Executive Secretary,  Ogbonnaya…

Nigerians should prepare for an increase in electricity tariffs in the coming months, as the federal government moves towards cost-reflective pricing to attract investment and improve power supply reliability. This was disclosed by…

The Dangote Refinery has slashed its ex-depot price for premium motor spirit (PMS), better known as petrol, from ₦950 per litre to ₦890. In a statement, the company said the move is “effective from Saturday, 1st February 2025”.…

With Nigeria’s stock market witnessing unprecedented growth, the threat of financial fraud is looming larger than ever. To combat this, the Chief Executive Officer of Nigerian Exchange Regulation (NGX RegCo), Olufemi Shobanjo, has…

In a year marked by flight disruptions and soaring ticket prices, Nigerian airlines Air Peace and Aero Contractors refunded millions of naira to passengers in 2024. This was revealed in a report released by the Nigeria Civil Aviation…

The Federal Competition and Consumer Protection Commission has urged telecom operators to prioritise service improvements following the recent approval of a 50 per cent increase in telecommunications tariffs by the Nigerian…

Netflix said on Tuesday that it added nearly 19 million subscribers during the holiday season and finished out last year with more than 300 million subscribers. Company executives credited steady investments in shows and films with…

Telecoms subscribers association has rejected the hike in tariffs which they described as unacceptable. The Nigerian Communications Commission (NCC) had on Monday approved a 50% tariff increase for telecom operators in the country…

The Nigerian Communications Commission (NCC) has approved the request of telecommunications companies (telcos) to increase tariff. NCC’s approval makes the hike the first since 2013. In a statement on Monday by Reuben Muoka, the…

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 the refinery Anthony Chiejina…

The Organisation of the Petroleum Exporting Countries (OPEC) says the production of petroleum products by the Dangote Petroleum Refinery has reduced the importation of refined products from Europe. In its Monthly Oil Market Report…

Bolstered by demands synonymous with the festive season, Nigeria’s headline inflation rate jumped to 34.80% in December 2024 from 34.60% in November 2024, the National Bureau of Statistics said Wednesday. The apex government data…