adminCustomers in Togo, Benin, Niger owe $5.7m for electricity in Q3 2024
The Nigerian Electricity Regulatory Commission (NERC) says international customers owe $5.7 million for electricity supply in the third quarter (Q3) of 2024. The international customers are Paras-SBEE and Transcorp-SBEE both…
NNPC reduces petrol price to N965/litre in Abuja
NNPC Limited has reduced the pump price of petrol at its retail outlets in Abuja to N965 per litre, down from N1,030 per litre. Visits to NNPC retail outlets in…
CBN, NCC order banks, telcos to settle N250bn USSD debt dispute
The Central Bank of Nigeria and the Nigerian Communications Commission have directed Deposit Money Banks and Mobile Network Operators to settle the long-standing N250bn USSD debt dispute. The directive, titled…
Fuel to sell at N935 per litre from Monday -IPMAN
The Independent Petroleum Marketers Association of Nigeria (IPMAN), says the price of petrol will drop to N935 per litre by Monday in view of Dangote Refinery’s new arrangement. IPMAN said…
NNPCL slashed petrol price to N899 per litre – PETROAN
The Nigerian National Petroleum Company Limited has reduced its ex-depot price of Premium Motor Spirit, commonly referred to as petrol, from N1,020 to N899 per litre. This decision, coming days…
Oil marketers slash petrol price by 11.8% to N939.50 per litre
OIL marketers lifting the Premium Motor Spirit, PMS, also known as petrol from Dangote Petroleum Refinery, have slashed the price of the product by 11.8 per cent to N939.50 per…
SEC mandates public companies to publish financial statements online
The Securities and Exchange Commission has directed all publicly listed companies to publish their financial statements on their official websites effective January 2025, emphasising the importance of transparency and timely…
PoS operators increase withdrawal charges
Point-of-sale (PoS) operators across Nigeria have increased withdrawal charges from N100 to N150 or N200 for every N5,000 transaction. The operators attribute the hike to the N50 electronic money transfer…
Dangote Reduces Petrol Price to N899
Dangote Refinery and Petrochemical Company has reduced the price of a litre of petrol to N899 for independent marketers, FIJ is reporting. Independent marketers are private gasoline distributors who have…
Dangote refinery denies liquidity challenges, says NNPC acquired equity with $1bn investment
Dangote Petroleum Refinery has denied experiencing liquidity challenges when the Nigerian National Petroleum Company (NNPC) Limited invested $1 billion to support the plant’s construction. On December 16, the NNPC claimed…
CBN sets daily withdrawal limit on POS to N100k per customer
The Central Bank of Nigeria (CBN) has set a daily withdrawal limit on point-of-sale (PoS) terminals to N100,000 per customer. In a circular to all deposit money banks (DMBs), microfinance…
NNPCL supported Dangote refinery establishment with $1bn loan – Official
The Nigerian National Petroleum Company Limited has said it secured a $1bn loan backed by crude oil to support the coming on stream of the 650,000 barrels per day capacity…
Shell Announces Investment In Bonga North Deep-Water Project
Shell Nigeria Exploration and Production Company Limited (SNEPCo), a subsidiary of Shell plc, has announced a final investment decision (FID) on Bonga North, a deep-water project off the coast of…
Access Bank to acquire 100% stake in South Africa’s Bidvest Bank
Access Holdings says its banking subsidiary, Access Bank Plc, has entered into a binding agreement with South African-based Bidvest Group Limited for the acquisition of a 100 percent equity stake…
Nigeria’s crude oil production increased to 1.48m bpd in November — Report
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says Nigeria’s crude oil production has increased to 1.485 million barrels per day (bpd). The drilling performance is contained in the commission’s latest…
