adminBREAKING: 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,…
NNPC denies importing 200m litres of petrol in February
The Nigerian National Petroleum Company (NNPC) Limited has denied importing 200 million litres or any volume of premium motor spirit (PMS) in 2025. On February 13, a publication claimed…
Claims That Our Fuel Doesn’t Last Misleading – NNPCL
The Nigerian National Petroleum Company Limited (NNPCL), on Saturday, debunked claims in a viral video that its premium motor spirit (PMS) does not last as long as the one…
CBN retains N100 ATM fee for withdrawals below N20,000
The Central Bank of Nigeria has announced that Nigerians withdrawing less than N20,000 from another bank’s Automated Teller Machine will still be charged a fee of N100 per transaction.…
MTN apologises to customers over 200% data price hike
MTN apologises to customers over 200% data price hike Nigeria’s largest telecom operator, MTN, has issued a public apology to its customers following widespread complaints about a sudden 200% increase…
MTN implements 50% tariff hike, raises data prices
Nigeria’s largest telecom operator, MTN, has commenced the gradual implementation of a 50 per cent tariff increase approved by the Nigerian Communications Commission in January. The adjustment, which is…
CBN increases ATM transaction fees
The Central Bank of Nigeria (CBN) has announced a review on the transaction fees for automated teller machines (ATMs) In a circular signed by John Onojah, acting director of financial…
No Explosion At Warri Refinery, Says NNPCL
The Nigerian National Petroleum Company Limited (NNPC) has debunked claims of an explosion at the Warri refinery. It said the Warri refinery is currently loading eight trucks of diesel…
Dangote Refinery crashes petrol ex-depot price to N890
In a move that could drive economic relief for Nigerians, Dangote Petroleum Refinery has reduced the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, from N950…