Business

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…

Following a backlog of unpaid debts, the Nigerian Communications Commission has authorised telecommunications companies to disconnect the Unstructured Supplementary Service Data codes assigned to nine financial institutions. The…

In a clear message of zero tolerance for cash flow disruptions, the Central Bank of Nigeria (CBN) has sanctioned Deposit Money Banks (DMBs) for failing to make Naira notes available through automated teller machines (ATMs), during the…

Short video app TikTok has rejected reports of a possible sale to billionaire Elon Musk as “pure fiction”, with just five days to go before it faces a potential ban in the United States. TikTok is facing a January 19 deadline for a…

The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has reiterated the need for nationwide consultations on the proposed tax reforms, despite opposition from some northern governors. Oyedele,…

The Securities and Exchange Commission has vowed to intensify efforts to stamp out Ponzi and pyramid schemes in 2025, while also focusing on developing Nigeria’s commodities market. According to a statement on Sunday, the…