Why we increased petrol price – Dangote Refinery
The Dangote Petrochemical Refinery has attributed its recent adjustment in the price of Premium Motor Spirit (PMS), commonly known as petrol, to the rising cost of global crude oil. The…
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- Business , International
- January 19, 2025
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Trump meme coin soars 236% amid criticism over timing
US President-elect Donald Trump has launched a meme coin named $TRUMP. The coin, unveiled on January 17, has taken the digital asset market by storm, recording a staggering 236 per…
Dangote raises petrol prices to N955 from N899/litre for bulk buyers
Sequel to a consistent surge in the price of Brent, the global benchmark for crude, the Dangote Petroleum Refinery has communicated an upward adjustment in the price of Premium Motor…
PENGASSAN projects petrol price hike as crude cost rises
The National President of the Petroleum and Natural Gas Senior Staff Association of Nigeria, Festus Osifo, has projected that the cost of Premium Motor Spirit (petrol) may rise soon if…
Nigeria’s FX reserves fell by $434m in one week
Nigeria’s foreign exchange (FX) reserve dropped by $435.40 million in one week. According to data from the Central Bank of Nigeria (CBN), the FX reserve fell from $40.92 billion on…
Telecoms Tariff Hike Shouldn’t Be More Than 60% — Minister
The Minister of Communications, Innovation and Digital Economy, Bosun Tijani, has reiterated that the Federal Government would not allow telecoms companies to increase tariff by 100 per cent. For some…
Nigeria earned N50tn from crude oil in 2024 –Report
Nigeria’s crude oil revenue rose to about N50.88tn in 2024, findings by The PUNCH revealed. Data obtained from the Nigerian Upstream Petroleum Regulatory Commission, an agency of the Federal Government,…
CBN fines nine banks N150m each for ATM cash scarcity
The Central Bank of Nigeria has sanctioned nine Deposit Money Banks with fines totalling N1.35bn for failing to ensure cash availability via Automated Teller Machines during the festive season. Each…
Petrol to cost more as depot owners raise price to N950/litre
THE Premium Motor Spirit, PMS, also known as petrol would likely cost more as depot owners have increased prices by about 4.74 per cent, Vanguard reports. This follows the recent…
FG to blacklist 18 banks owing telcos N200bn on USSD
There are indications that the Federal government will tomorrow list out names of 18 banks owing almost N200 billion to Nigerian telecom operators on Unstructured Suplementary Service Data, USSD, and…
Court summons Tunji-Ojo, AGF over proposed expatriate employment levy
A federal high court in Abuja has summoned Olubunmi Tunji-Ojo, minister of interior, and Lateef Fagbemi, attorney-general of the federation (AGF), over issues of the expatriates employment levy (EEL) The…
CBN Stops Extension Of Export Proceeds Repatriation For Exporters
The Central Bank of Nigeria (CBN) has announced the suspension of approvals for the extension of export proceeds repatriation on behalf of exporters. This directive which was issued through a…
Report: First Bank lays off 100 senior staff in major restructuring move
First Bank of Nigeria (FBN) has laid off about 100 senior staff members in a major organisational shakeup. According to a report by Nairametrics on Monday, sources familiar with the…
NCC approves disconnection of Exchange Telecommunications from MTN over debt
The Nigerian Communications Commission (NCC) has approved the disconnection of Exchange Telecommunications Limited from MTN Nigeria due to the non-settlement of interconnect charges. Exchange Telecommunications is a local and international…
NCAA Sanctions Five Airlines For Cancelled Flights, Others
The Nigeria Civil Aviation Authority (NCAA) has initiated enforcement action against five airlines (two international and three domestic operators) for various violations of Part 19 of the NCAA regulations. The…
