February data pointed to improved growth momentum in the Nigerian private sector. Rates of expansion in output, new orders and purchasing activity all quickened as demand picked up and inflationary pressures showed signs of moderating. That said, with costs continuing to rise sharply, some companies were reluctant to hire additional staff and employment increased only…
After 17 years of hiding in the dark to ship illicit drugs worth billions of naira across the world, the reign of a wanted 59-year-old drug baron Ogbonnaya Kevin Jeff has been brought to a halt following his arrest by operatives of the National Drug Law Enforcement Agency, NDLEA at his hideout in Ojo area…
Dangote Petroleum Refinery & Petrochemicals has announced that it will refund customers who purchase Premium Motor Spirit (PMS) at rates higher than the advertised prices from any of its key partners – AP (Ardova Plc), Heyden, or MRS – across Nigeria. This move follows the refinery’s recent reduction of its gantry price from N890 per…
Justice R.A. Oshodi of a Special Offences Court sitting in Ikeja, Lagos, on February 26, 2025 refused an application of a former governor of the Central Bank of Nigeria, Godwin Emefiele, asking the trial judge to recuse himself from the case on the allegation of bias. Emefiele is standing trial on a 19-count charge bordering…
Stanbic IBTC Bank, a prominent financial institution in Nigeria, has partnered with Autochek, an innovative automotive technology firm, to facilitate access to car ownership in Nigeria. This collaboration has disbursed over ₦4 billion in loans since its inception in August 2024; empowering numerous individuals to purchase their desired vehicles. With approximately ₦1 billion in deals that…
Dangote Petroleum Refinery & Petrochemicals has slashed the price of Premium Motor Spirit (PMS), or petrol, for the second time this month. It has cut N65 off the previous price of N890, bringing it down to N825 per litre at the gantry (ex-depot). This follows a N60 reduction on February 1. The ex-depot price has…
The Federal Competition and Consumer Protection Commission (FCCPC) has summoned MultiChoice Nigeria to explain its proposed subscription price increase, set to take effect on March 1, 2025. Exercising its mandate under Sections 32 and 33 of the FCCPA, the FCCPC directed the Chief Executive Officer of MultiChoice Nigeria to attend an investigative hearing at the…
Dangote Petroleum Refinery & Petrochemicals has reduced the cost of its diesel product to N1,020 per litre, down from N1,075 per litre at the gantry price, in an effort to better serve its customers and Nigerians in general. Since it began diesel production in January 2024, the refinery has reduced its diesel price more than…
The Federal Government has officially commenced tolling operations on the newly constructed Abuja-Keffi-Akwanga-Makurdi Highway corridor.. The commissioning of toll collection on the 227.2km road project took place on Tuesday, 4th February 2025 at the toll gate in Garaku, Nasarawa State. Speaking at the event, the Honourable Minister of Works, Sen. David Umahi, represented by the…
Lagos State Governor, Mr. Babajide Sanwo-Olu, on Wednesday expressed satisfaction at the level of work on the Phase II of the Adiyan Water Works project. The governor, who showed his excitement after inspecting the ongoing water project said that it is expected to supply Lagos residents with 70 million gallons of water per day after…