adminDangote Refinery slashes petrol price to N774 per litre
Dangote Petroleum Refinery has reduced its Premium Motor Spirit gantry price by N25 per litre, lowering its ex-depot rate from N799 to N774 per litre in what industry analysts…
CAC delisted over 400,000 inactive companies in 2025, says registrar-general
The Corporate Affairs Commission (CAC) says it delisted over 400,000 inactive and non-compliant companies from its official register in 2025. According to NAN, Hussaini Magaji, registrar-general of the CAC,…
Tax laws not altered, says Akpabio
Senate President Godswill Akpabio has dismissed the allegation that the newly implemented tax laws were changed after their passage by the National Assembly. He maintained that the versions gazetted…
Banks To Effect ₦50 Stamp Duty On Transfers Above ₦10k From January 1
Financial institutions will start charging senders a ₦50 stamp duty on electronic transfers of ₦10,000 and above from January 1, 2026, following the implementation of the Tax Act. This…
Dangote refinery slashes petrol price to N699 per litre
The Dangote Petroleum Refinery has again reduced its petrol gantry price, slashing the ex-depot rate from N828 to N699 per litre. Real-time market data published on Petroleumprice.ng on Friday…
CBN increases ATM withdrawal limit to N100k daily
The Central Bank of Nigeria (CBN) has increased cash withdrawal limits on all channels to N500,000 weekly for individuals and N5 million for corporates. Announcing the policy revision in…
828m litres of petrol imported to avert nationwide shortage
Fuel security slowed in October as the Dangote Petroleum Refinery supplied only an average of 17.1 million litres per day of the nation’s petrol needs, forcing the country to…
CBN orders banks to withdraw misleading adverts, others
The Central Bank of Nigeria has instructed all banks, payment service banks, and other regulated financial institutions to immediately withdraw any advertisement or promotional material that does not comply…
FG suspends plannned 15% import duty on PMS, diesel
The Nigerian Midstream and Downstream Petroleum Regulatory Authority has stated that the proposed implementation of the 15 per cent of valorem import duty on imported Premium Motor Spirit and…
Dangote Increases Refinery Capacity From 650,000 To 1.4 Million Bpd
Dangote Refinery has announced that it is increasing its production from 650,000 barrels per day to 1.4 million barrels per day. When completed, the expansion will make the…
SERAP demands NNPCL account for oil revenue, threatens legal action
The Socio-Economic Rights and Accountability Project has urged the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Bayo Ojulari, to provide a detailed account of oil…
PENGASSAN commences strike after Dangote refinery sacked workers
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has instructed its members to embark on a nationwide strike immediately over Dangote refinery’s dismissal of “over 800…
CBN reduces interest rate to 27%
The Monetary Policy Committee of the Central Bank of Nigeria has reduced the country’s interest rate to 27.00 per cent for the first time in 2025. The Governor of…
NUPENG suspends strike
The Nigerian Union of Petroleum and Natural Gas Workers has suspended its two-day strike following a meeting with the Dangote Group on Tuesday. The National President of NUPENG, Williams…
Nigerians to pay $80 duty on US shipments – NIPOST
The Nigerian Postal Service has announced that, with effect from August 29, 2025, all postal shipments from Nigeria to the United States, except letters and documents, will attract a…
