CBN reintroduces controversial cybercrime levy

The Central Bank of Nigeria (CBN) has announced that it will continue enforcing the controversial cybercrime levy at 0.005% on all electronic transactions under its new guidelines for the 2024-2025 fiscal year.... Read more »

Major marketers begin lifting petrol from Dangote Refinery

The Nigerian National Petroleum Company Limited NNPCL) has authorised major petroleum marketers to commence lifting premium motor spirit, PMDS, otherwise known as petrol, from Dangote Petroleum Refinery under the existing agreement between... Read more »

NNPC Announces Fuel Price Hike, Petrol to Sell Above ₦1,000/Litre

On Monday, NNPC announced that it would sell the petrol lifted from the Dangote refinery at a price above N1,000/litre in the far north. Its spokesperson, Olufemi Soneye, disclosed in a statement titled,... Read more »

NNPCL announces N950.22 As Pump Price of Petrol From Dangote Refinery

Nigerian National Petroleum Company Limited (NNPCL) has officially released estimated Pump Prices of PMS from Dangote Refinery, Based on September 2024 Pricing. According to a statement signed by Olufemi Soneye, Chief Corporate... Read more »

Dangote Refinery Debunks NNPCL’s Claim of N898 per Litre Fuel Price

Dangote Refinery has hit out at the Nigerian National Petroleum Company Limited (NNPCL) for claiming they bought fuel from them at N898 per litre. Our attention has been drawn to a statement... Read more »

NNPC Releases Estimated Pump Prices of Petrol from Dangote Refinery

NNPC Ltd Releases Estimated Pump Prices of PMS from Dangote Refinery, Based on September 2024 Pricing The NNPC Ltd has released estimated prices of Premium Motor Spirit (PMS), also known as Petrol... Read more »

Nigeria Records N6.95 Trillion Trade Surplus in Q2 2024

Nigeria recorded a trade surplus of N6.95 trillion in the second quarter of 2024, according to a report released by the National Bureau of Statistics (NBS) on Wednesday which shows a decline... Read more »

Fuel Price, ROI Will Determine If We’ll Buy From NNPC Or Dangote Refinery – IPMAN

The Independent Petroleum Marketers Association of Nigeria (IPMAN) says the price of petrol will determine if it will buy from the Nigerian National Petroleum Company (NNPC) Limited or Dangote Petroleum Refinery. According... Read more »

IPMAN Endorses Dangote’s PMS, Vows to Buy at Any Price

The Independent Petroleum Marketers Association of Nigeria announced on Saturday their willingness to purchase PMS from Dangote at any price, regardless of whether the NNPC decides to make a purchase or not... Read more »

BREAKING: Federal Government Introduces N50 Electronic Money Transfer Levy

The Federal Government of Nigeria has introduced a new levy on electronic money transfers. Starting September 9th, 2024, a one-time fee of N50 will be applied to electronic transfers of N10,000 and... Read more »