The Nigerian Electricity Regulatory Commission (NERC) has directed electricity distribution companies (DisCos) to replace obsolete meters for their customers at no cost. The mandate was outlined in a statement released by the... Read more »
The Central Bank of Nigeria (CBN) has instructed banks to primarily distribute cash through Automated Teller Machines (ATMs). In a circular to banks on Friday, Solaja Olayemi, the acting director of the... Read more »
Nigeria’s inflation rate climbed for the second straight month in October, hitting 33.88%—an increase from 32.70% recorded in September 2024. This is according to the National Bureau of Statistics (NBS) Consumer Price... Read more »
The latest data from the Debt Management Office (DMO) shows that external debt for the states and the Federal Capital Territory climbed from $4.61 billion to $4.89 billion, reflecting a 6.14% increase... Read more »
The Nigerian National Petroleum Company Limited (NNPCL) says it has reached the mark of 1.8 million barrels per day of crude oil production. The state-owned oil company which made the announcement on... Read more »
The South African Pay-TV operator, Multichoice Group, said it has written off the N31.6 billion ($21 million) cash it had with the recently liquidated Heritage Bank. The Group disclosed this in its... Read more »
The Nigerian National Petroleum Company (NNPC) Limited has signed a 10-year gas supply agreement with Dangote Refinery, marking a significant boost for local production and industrial growth in Nigeria. The deal, signed... Read more »
The chairman of the Ogun State Manufacturers Association of Nigeria (MAN), George Onafowokan, has lamented the crisis in Nigeria’s manufacturing sector following the government’s decision to float the Naira in 2023. According... Read more »
Multichoice Group, the South African Pay-TV operator, has revealed that its Nigerian unit, Multichoice Nigeria lost 243,000 subscribers across its DStv and GOtv services in the six months spanning April to September... Read more »
The Independent Petroleum Marketers Association of Nigeria has secured an agreement with Dangote Petroleum Refinery to lift products directly. This, according to the association, will ensure the availability of petroleum to Nigerians... Read more »
The revenue of the Federation Account earnings (FAAC) rose to N6.28 trillion in the second quarter of 2024, driven by significant collections from Value Added Tax (VAT), customs, and excise duties. These... Read more »
Zenith Bank Plc has announced that it now boasts the best technology infrastructure in the banking industry, positioning itself to provide an exceptional customer experience and superior service delivery moving forward. This... Read more »
The Petroleum Products Retail Outlets Owners Association of Nigeria says the Dangote Petroleum Refinery is inconsiderate for selling petrol at N990/litre, stressing that the company enjoyed massive concessions while accessing foreign exchange... Read more »
Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has stated that there is no going back on President Bola Tinubu’s reforms in the forex as well as the oil... Read more »
Dangote Refinery has disclosed the price of its petrol, saying that it sells at N990 per litre in trucks and N960 per litre into ships. The disclosure follows the Independent Petroleum Marketers... Read more »
We are proud distributors of top brands including Nigeria Breweries PLC, Guinness PLC, International Breweries, Nkwụ Ọcha 042 Palm Wine, BOLZANO RED WINE, and a variety of hot drinks. Based in Enugu... Read more »
Nigerian fintech, Moniepoint, has secured a $110 million investment from multiple investors including Google, bringing its valuation to $1 billion and giving it a unicorn status. The Series C investment was led by... Read more »
The Naira yesterday appreciated to N1,725 per dollar in the parallel market from N1,730 per dollar on Monday. Similarly, the Naira appreciated to N1,630.45 per dollar in the Nigerian Autonomous Foreign Exchange... Read more »
Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN) on Tuesday says his predecessor, Godwin Emefiele used a whole lot of unorthodox methods to grow Nigeria’s economy. Cardoso, who was appointed... Read more »
The Ghana National Petroleum Authority (NPA) says it is considering buying petroleum products from the Dangote Petroleum Refinery once the facility is operating at full capacity. According to Reuters, Mustapha Abdul-Hamid, chairman... Read more »