ECONOMY

The Nigerian National Petroleum Company Limited (NNPCL) has increased the price of Premium Motor Spirit (PMS) otherwise known as petrol to N1,025 and N1,060 per litre in Lagos and Abuja…

Economy and lifestyle findings show that a kilo of fish, depending on the species, ranges between N3,500 to N8,000. Even kpomo (cowhide) is no longer affordable, as the price of…

Ekperikpe Ekpo, Minister of State Petroleum Resources (Gas), has directed the Nigerian National Petroleum Company Ltd. (NNPC Ltd.) and Liquefied Petroleum Gas (LPG) producers to stop LPG export with effect…

MTN Nigeria, the country’s largest telecom operator, has stressed the urgent need for the telecommunications sector to return to profitability to sustain its operations. The Chief Executive Officer of MTN,…

The federal government, under President Bola Ahmed Tinubu’s administration, has proposed a five percent excise duty on telecommunications services, gaming, and betting activities as part of a new bill to…

Africa-focused e-commerce retailer Jumia Technologies has announced plans to close its South African online fashion retailer, Zando, and its operations in Tunisia by the end of the year. This strategic…

The Federal Government and Organised Labour, have agreed on modalities to crash transport fares and prices of essential commodities, especially foodstuffs. Recall that recently NNPC retail outlets raised petrol prices…

The leaders of the Nigeria Labour Coalition and the Trade Union Congress are currently meeting with representatives of the Federal Government at the Office of the Secretary to the Government…

Nigeria’s naira has been listed among the worst-performing currencies in Sub-Saharan Africa in 2024. This according to World Bank in its lastest latest edition of Africa’s Pulse, which says, as…

Lagos State Governor Babajide Sanwo-Olu on Tuesday officially flagged off the full commercial operations of the much-anticipated Red Rail Line train service. Recall that President Bola Ahmed Tinubu inaugurated the…

Tinubu’s government plans to impose 25% income tax on wealthy Nigerians earning N100 million monthly President Bola Ahmed Tinubu’s government has proposal to increase the Personal Income Tax(PIT) on wealthy…

As Nigerians grapple with rising fuel costs, Liquefied Petroleum Gas (LPG), commonly used for cooking, has reached an unprecedented N1,500 per kilogram. This surge has increased the average price for…

The Independent Petroleum Marketers Association of Nigeria (IPMAN) hopes for a lower fuel price as talks to lift petrol directly from the Dangote Refinery begin on Tuesday. It was learnt…

The President of the Nigeria Labour Congress (NLC), Joe Ajaero, has condemned the fuel pump price increase by the Nigerian National Petroleum Company Limited, noting that a registered private company…

Commercial bank customers in the Federal Capital Territory have urged banks to pay more attention to customer satisfaction than declaring massive profits. They spoke against the backdrop of some commercial…

The Nigerian National Petroleum Company Limited (NNPC Ltd) has increased petrol price to N1,030 per litre at various outlets across the country. The recent development comes after the NNPC decided…

Access Bank has announced that it will temporarily shut services for a system upgrade aimed at optimising its offerings to customers. This was contained in an email sent to its…

Nigerian oil company, Oando Plc, has been shortlisted by the Trinidadian government as one of three final contenders to take over the country’s state-owned refinery, Petrotrin. The defunct company is…

The Nigerian National Petroleum Company Limited (NNPC) has reportedly stepped aside as the sole buyer of petrol from the Dangote Refinery. This means NNPC will no longer be the sole…