Category: business news

Petrol landing cost drops to N981, Oil marketers reveal

The landing cost of Premium Motor Spirit, popularly called petrol, has dropped to N981/litre, according to data released by the Major Energies Marketers Association of Nigeria on Thursday. The petrol…

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Allow independent marketers lift fuel from Dangote refinery, Reps urge FG

The House of Representatives, on Thursday, urged the Federal Government to direct the Nigerian National Petroleum Company Limited and the Dangote Petroleum Refinery to allow independent marketers to commence the…

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CBN Extends Suspension of Cash Deposit Fees to March 31

The Central Bank of Nigeria has extended the suspension of cash deposit processing fees until March 31, 2025, from the previous September 30, 2024, deadline. The CBN disclosed this in…

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I Regret Not Buying Arsenal When It Was Valued At $2bn, Dangote

The President and Chief Executive of Dangote Group, Alhaji Aliko Dangote, has expressed his regret for not buying Arsenal when his interest lies with owning a football club. He said…

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NERC mandates that Discos acquire 398 MW of embedded power.

The Nigerian Electricity Regulatory Commission has mandated electricity Distribution Companies to procure a minimum of 398MW of embedded generation to enhance the reliability of power supply across the country. Embedded…

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Jumia Nigeria Kicks Off Shopping Festival

E-commerce platform, Jumia Nigeria, has kicked off the Jumia Festival 2024, a two-week shopping event aimed at offering discounts on products and empowering businesses to reach a broader audience. The…

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UK business expert gives Nigerian Survival Strategies During Tinubu’s Era

A renowned business and management expert, Ms. Patricia Balogun, has proffered valuable advice to small and medium scale business owners on how to navigate the challenging economic landscape of Nigeria…

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Petrol Price Uncertainty: NNPCL Reveals Market Forces Will Dictate Costs

The Nigerian National Petroleum Company Limited (NNPCL) has explained that petrol pricing in Nigeria cannot be compared with other developed markets because the country still modulates pricing to support general…

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Our Petrol Will Hit Filling Stations In 48 Hours

Businessman, Aliko Dangote, has revealed that petrol produced from his 650,000 barrels per day refining facility will hit filling stations in the next 48 hours as modalities with the Nigerian…

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Banks’ Deposits With CBN Now N3.42trn – Report Reveals

The deposits of banks with the Central Bank of Nigeria hit a weekly high of N3.42tn at the end of last week. This followed the announcement of the operationalisation of…

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