By Ayomide Otitoju The management of Dangote Petroleum Refinery has announced a reduction in the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, from ₦890 to ₦825 per litre. The new pricing takes effect from February 27, 2025. In a statement issued on Wednesday, the refinery confirmed the ₦65 price slash and…
By Ayomide Otitoju The Nigerian National Petroleum Company Limited (NNPCL) has announced strategic measures aimed at increasing gas production and infrastructure investment to enhance electricity supply for Nigerians. Speaking at the 2025 Nigeria International Energy Summit (NIES) in Abuja on Tuesday, NNPCL’s Group Chief Executive Officer, Mele Kyari, highlighted the urgent need for gas expansion,…
By Ayomide Otitoju The highly anticipated Design and Innovation Exhibition 2025 has officially commenced at the Ecobank Pan African Centre (EPAC) in Lagos, attracting a large audience of young innovators, industry leaders, and stakeholders in Nigeria’s creative and manufacturing sectors. The event, running from February 25 to March 2, highlights the nation’s potential in industrial…
By Ayomide Otitoju The Ogun State Government has announced that tolling operations on the 14.7km Epe-Mojoda-Ijebu-Ode Expressway will commence on March 24, 2025. The Director-General of the Office of Public-Private Partnerships, Hon. Dapo Oduwole, disclosed this in a statement on Wednesday, citing the need for sustainable road maintenance, efficient operations, and enhanced road safety. According…
By Ayomide Otitoju In a business landscape where longevity is rare, FirstHoldCo Plc (formerly FBN Holdings Plc) has demonstrated remarkable resilience, thriving for over 130 years in an environment where many enterprises struggle to survive beyond a decade. The financial services giant, one of Africa’s largest, has reinforced its commitment to Environmental, Social, and Governance…
By Ayomide Otitoju Senator Natasha Akpoti-Uduaghan has filed a defamation lawsuit against Senate President Godswill Akpabio following a dispute over the reassignment of her Senate seat. The controversy arose after a reshuffle in the Senate, triggered by opposition lawmakers defecting to the majority wing. Reports indicate that Akpoti-Uduaghan objected to the relocation of her seat,…
By Ayomide Otitoju Nigerian workers may now be spending up to 10% of the newly approved N70,000 minimum wage on data subscriptions following a recent tariff hike under the administration of President Bola Tinubu. The federal government approved a 50% increase in data tariffs after telecommunications companies cited rising operational costs as the justification for…
By Ayomide Otitoju Retail lender Unity Bank Plc has reported gross earnings of N59.3 billion for the financial year ended December 31, 2023, reflecting a 3.84% year-on-year growth. In its audited financial statement submitted to the Nigerian Exchange Group (NGX), the bank recorded improvements across key performance indicators, including a 23% surge in customer deposits…
By Ayomide Otitoju The Nigeria Customs Service (NCS) has directed importers, customs agents, and other stakeholders to recapture their import declarations following the cancellation of the 4% Free-on-Board (FOB) charge on imports. In a statement issued by the National Public Relations Officer, Assistant Comptroller Abdullahi Maiwada, on behalf of the Comptroller-General of Customs, Bashir Adewale…
