Business

The Dangote Petroleum Refinery has announced a temporary suspension of fuel sales in Nigeria’s local currency, the naira, citing persistent foreign exchange (forex) discrepancies between its crude oil purchases and...

A Federal High Court in Lagos has dismissed an objection raised by the Nigerian National Petroleum Company Limited (NNPC) in an ongoing lawsuit filed by Dangote Oil Refinery. The lawsuit...

The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has approved the revocation of 4,794 land titles across ten districts in Abuja due to the non-payment of ground rent...

The newly commissioned Dangote Refinery, Africa’s largest, has set off a fierce price competition in Nigeria’s downstream oil industry. The refinery, which boasts a 650,000-barrel-per-day capacity, has reduced petrol prices...

Nigeria’s inflation rate has declined for the second consecutive month, signalling potential relief for consumers and businesses grappling with high prices. According to the latest data from the National Bureau...

MTN Group, a telecommunications company, stated in its report that full-year earnings dropped by 68.9% due to the Nigerian naira’s devaluation and ongoing operational challenges in Sudan. The report issued...

The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN, said Nigerian National Petroleum Company Limited, NNPCL’s premium motor spirit, PMS, also known as petrol meets the highest industry standards....

MTN Nigeria has announced a reversal of its 200 per cent tariff hike on the 15GB data plan after facing widespread backlash from customers, including an industrial action declared by...

Pi Network’s Open Network period of Mainnet will begin on February 20, 2025, at 8:00 AM UTC. Since the announcement, Pi Coin’s price has jumped by 80%, reaching $92 in...

The naira appreciated by three per cent against the dollar in the parallel market over the past week, closing at N1,570/$1 yesterday, gaining N50 within five days. The nation’s currency...