Business News

The recent decision by Dangote Petroleum Refinery to reduce its ex-depot petrol price from ₦890 to ₦825 per liter has significantly impacted fuel importers in Nigeria. This price adjustment, effective...

The Federal Government of Nigeria has announced plans to review electricity tariffs for customers in Bands B and C as part of ongoing efforts to address disparities in the current...

Dangote Petroleum Refinery has announced a reduction in the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, in a strategic move to provide economic relief ahead of...

The Naira continued its upward trend Wednesday, reaching its highest level in seven months in the parallel market, where it rose to N1,500 per dollar from N1,530 last weekend. The...

Nigeria's GDP increased by 3.4 percent in 2024, a 0.66 percentage point year-on-year (YoY) increase over the 2.74 percent recorded in 2023. GDP growth in 2024 improved on the 3.84...

Nigeria's debt to the World Bank is expected to reach $9.2 billion, as the Federal Government plans to secure six new loans totalling $2.23 billion within the year. These loans...

As of February 26, 2025, the Nigerian Naira has experienced fluctuations in the foreign exchange markets. In the parallel market, the Naira depreciated to ₦1,502 per US dollar, down from...

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has issued a seven-day ultimatum to the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to settle outstanding bridging claims totalling ₦100...

MultiChoice Nigeria has announced an increase in subscription prices for its DStv and GOtv packages, effective March 1, 2025. The company attributes this adjustment to rising operational costs influenced by...

Aliko Dangote, President of Dangote Industries Limited, has assured Nigerians that the Dangote Petroleum Refinery has an ample supply of Premium Motor Spirit (PMS), commonly known as petrol, to fully...