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…
The Dangote Petroleum Refinery has announced another reduction in its petrol gantry price, lowering the ex-depot rate from N828 to N699 per litre. Market figures released on Friday by Petroleumprice.ng showed that the refinery carried out a fresh downward adjustment, cutting the Premium Motor Spirit benchmark by N129 per litre — a 15.58 per cent…
The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede, has charged the management and staff of Opay to make compliance with existing regulations a watchword to ensure business integrity and block avenues for money laundering and fraudulent practices. Olukoyede gave the charge in Abuja on Thursday, December 11, 2025, when…
PZ Cussons on Wednesday announced that it is retaining its Africa business and sets out ambitious growth plans for the business, citing growth in its core business in Nigeria, Kenya, and Ghana. “…The fact that the Nigerian business has, since FY22, more than doubled the number of stores which it serves directly, has been a…
Chief executive officers of commercial banks have been directed to appear in person before an investigative panel of the House of Representatives over alleged illegal and unexplained deductions from customers’ bank accounts. The summons was issued on Tuesday in Abuja by the House Ad-hoc Committee investigating the deduction of taxes from civil and public servants’…
The Dangote Petroleum Refinery has stopped the monthly salaries of the engineers sacked in September during its face-off with the Petroleum and Natural Gas Senior Staff Association of Nigeria. In a bid to address this, PENGASSAN said it is engaging the Dangote Group to resolve the matter amicably instead of resorting to another industrial action….
Chairman of the Dangote Group, Aliko Dangote, has urged wealthy Nigerians to divert funds spent on luxury items such as Rolls-Royce cars and private jets into building industries that can boost job creation and stimulate economic growth. In a recent interview clip shared online, Dangote lamented the growing culture of extravagant spending among the elite,…
The Corporate Affairs Commission (CAC) has announced plans to clamp down on unregistered point of sale (PoS) operators from January 1, 2026. In a statement on Saturday, the commission described the surge in unregistered terminals as a “reckless practice” that violates the provisions of the Companies and Allied Matters Act (CAMA) of 2020 and the…
Dangote Petroleum Refinery has announced plans to supply the market with 50 million litres of Premium Motor Spirit (PMS) daily, and a total of 1.5 billion litres monthly in December 2025 and January 2026, to ensure uninterrupted nationwide fuel availability through the festive season and into the New Year. President and Chief Executive of Dangote…
The Central Bank of Nigeria (CBN) has directed all banks, payment service banks, and other regulated financial institutions to immediately withdraw any advertisement or promotional material that fails to comply with existing consumer-protection and fair-marketing rules. The directive is contained in a circular issued on November 27, 2025, signed by Olubunmi Ayodele-Oni for the Director…