The Central Bank of Nigeria (CBN) has granted national operating licences to several fast-growing fintech firms and microfinance banks, paving the way for them to formally expand services across the country. Among the institutions upgraded are Moniepoint MFB, Opay, Kuda Bank, Palmpay and Paga, companies whose digital platforms and vast agent networks have already given…
The Dangote Petroleum Refinery & Petrochemicals has increased its ex-gantry price of Premium Motor Spirit (PMS), commonly known as petrol, from N699 to N799 per litre, effective immediately following the conclusion of the festive period. In a statement released on Monday, the refinery explained that the adjustment ends a temporary price support measure implemented during…
Shell Plc has signalled a renewed and expanded investment push in Nigeria, citing improved political stability, policy consistency, and leadership as key factors driving its confidence in the country’s energy sector. The Chief Executive Officer of Shell Plc, Wael Sawan, disclosed the company’s investment plans during a meeting with President Bola Tinubu in Abuja on…
Oil marketers have revealed that they are getting their petrol supplies from Dangote Refinery and Petrochemical, insisting that nobody is importing the product for now. They stated that the supply chain has been stable, with the oil marketers now buying their products from Dangote Refinery. However, some marketers argue that petrol importation is still going…
Dangote Petroleum Refinery has dismissed reports claiming it is shutting down, stating that production remains ongoing, stable, and uninterrupted. According to a statement made available to X by the company, the refinery continues to supply between 40 and 50 million litres of Premium Motor Spirit (PMS) daily through January and February, depending on market demand….
The Nigerian Exchange (NGX) began the year on a bullish note, as renewed investor appetite pushed equities market capitalisation above the ₦100 trillion threshold, underscoring strong early-year buying and broad-based gains across listed stocks. Market data showed that total equities market capitalisation climbed from ₦99.94 trillion on January 2 to ₦101.81 trillion by January 5,…
The Nigerian National Petroleum Company Limited (NNPC) has again reduced the pump price of Premium Motor Spirit (PMS), popularly known as petrol, by N20. Several NNPC retail outlets in Abuja on Monday showed that the company is now selling petrol at N815 per litre, down from N835. Sources within the company said the price adjustment…
Allen Onyema, Air Peace chief executive officer (CEO), says the new tax laws have brought back charges that the 2020 tax laws removed. In an interview with Arise News on Sunday, Onyema said the taxes include customs duties on imported aircraft, aircraft parts, and engines, as well as VAT on tickets. He said they will…
It is not easy to be a great leader, but it is possible through hard work and consistency. As an entrepreneur, no doubt, you need leadership skills that can pivot you and your business forward. Leadership is not about audacity but having the right qualities to excel in such a position. You need to be…
Barring any last-minute change, MRS and other partners of the Dangote Petroleum Refinery are set to begin selling petrol at N739 per litre. This comes two days after the refinery slashed its petrol gantry price from N828 to N699 per litre. Speaking at a press briefing at the Lekki refinery on Sunday, the President of…
