adminOil Hits $70/b As Nigeria’s Output Surpasses OPEC+ Quota For February — Report
Oil Hits $70/b As Nigeria’s Output Surpasses OPEC+ Quota For February — Report Oil price steadied after the Organization of the Production Export Countries released its monthly report, with Brent…
NNPCL denies ending naira-for-crude deal with Dangote refinery
The Nigerian National Petroleum Company Limited has strongly refuted claims alleging the termination of the Naira-for-Crude agreement with Dangote Refinery. NNPCL emphasised that it has consistently supplied the refinery…
Petrol imports jump 105% to N15tn – NBS report
Nigeria’s petrol imports surged in 2024, doubling despite an increase in domestic refining capacity, highlighting the country’s continued reliance on imported fuel, according to findings by The PUNCH. The…
FCCPC files charges against MultiChoice over price hike
The Federal Competition and Consumer Protection Commission has filed charges against MultiChoice Nigeria Limited and its Chief Executive Officer, John Ugbe, for defying regulatory directives to suspend a subscription…
CBN Appoints 16 New Directors
The Central Bank of Nigeria (CBN) has appointed 16 new directors to head key departments in its operations. Their appointments into operations in several policy-driven, regulatory and supervisory capacities…
FCCPC asks MultiChoice to suspend price hike pending investigation
The Federal Competition and Consumer Protection Commission has directed MultiChoice Nigeria, the operator of DStv and GOtv, to maintain its current subscription prices pending the conclusion of an ongoing…
FG owing GenCos, DisCos N4trn – Minister
The Minister of Power, Adebayo Adelabu, has disclosed that the federal government is owing electricity generation companies (GenCos) and electricity distribution companies (DisCos) over N4 trillion in electricity subsidy.…
Again, Dangote Refinery slashes petrol price
The Dangote Petroleum Refinery, on Wednesday, announced a reduction in the ex-depot (gantry) price of Premium Motor Spirit, PMS, commonly referred to as petrol, by N65.00. This means the…
BREAKING: FG Summons MultiChoice Over Price Hike
The Federal Competition and Consumer Protection Commission (FCCPC) has summoned MultiChoice Nigeria to explain its proposed subscription price increase, set to take effect on March 1, 2025. Exercising its…
Again, Multichoice hikes DStv, GOtv prices
Multichoice is set to increase the prices of its DStv and GOtv packages effective from March 1, 2025. This was disclosed in a statement to its customers on Monday.…
IPMAN threatens strike over N100bn unpaid claims
The Independent Petroleum Marketers Association of Nigeria has issued a seven-day ultimatum to the Nigerian Midstream and Downstream Petroleum Regulatory Authority to fulfil the payment of bridging claims amounting…
CBN retains interest rate at 27.5%
The Central Bank of Nigeria, CBN, has retained the Monetary Policy Rate, MPR, its benchmark interest rate at 27.5%. Governor CBN, Mr Olayemi Cardoso, disclosed this at the end…
Nigeria importing 25m litres of petrol daily – FG
The Federal Government on Wednesday disclosed that Nigeria’s petrol consumption has dropped to 50 million litres per day, with local refineries supplying half of the daily requirements. The government…
Nigeria slaps Binance with another $81.5bn lawsuit over economic losses, tax
The Federal Government has approached the Federal High Court in Abuja to compel the cryptocurrency exchange company, Binance Holdings Limited, to pay $79.51 billion and ₦231 million for alleged…
CBN directs banks to publish dormant accounts
The Central Bank of Nigeria (CBN) has directed banks and other financial institutions to publish the list of dormant accounts, unclaimed balances and other financial assets. The apex bank,…
