The Central Bank of Nigeria (CBN) has confirmed that eight Nigerian banks have met the minimum regulatory requirements under the current forbearance regime. This was disclosed by CBN Governor Yemi Cardoso during the Monetary Policy Committee (MPC) briefing held on Monday, July 22, 2025. “Eight banks have surpassed the minimum required,” Cardoso said in response…
First HoldCo Plc has officially denied reports linking its chairman, Femi Otedola, to the recent N323.4bn block sale of its shares, clarifying the actual parties involved in the transaction. In a statement signed by the First HoldCo’s Company Secretary, Adewale Arogundade, on Friday, the company addressed rumours circulating in the print and digital media about…
Africa and Nigeria’s richest man, Aliko Dangote, is taking another major step in the expansion of his industrial empire with plans to construct a deep seaport near his existing fertilizer and oil refinery plants. The initiative is aimed at boosting export capacity and strengthening the Dangote Group’s logistics operations. Speaking in a recent interview in…
The Nigerian Petroleum Products Marketers Association of Nigeria has announced a plan to reduce the premium motor spirit price from Monday following Dangote Refinery’s latest fuel ex-depot price reduction. The National President of the Independent Petroleum Marketers Association of Nigeria, Abubakar Maigandi, disclosed this to DAILY POST in an interview on Friday. This comes as…
The president of the Dangote Group, Alhaji Aliko Dangote, has said that Nigeria’s state-owned refineries, located in Port Harcourt, Warri, and Kaduna, may never operate properly again despite about $18 billion invested in their rehabilitation. Alhaji Dangote disclosed this while hosting members of the Global CEO Africa, who visited the Dangote Petroleum Refinery yesterday. He…
Three commercial banks in Nigeria have announced the re-activation of international transactions on their naira cards. The development comes after the service was halted for about three years when Nigerian financial institutions suspended transactions on naira debit cards. Between July 2022 and January 2023, several banks temporarily suspended international transactions on ATM channels. In July,…
The Dangote Petroleum Refinery has reduced the ex-depot price of Premium Motor Spirit, popularly known as petrol, from N880 to N840 per litre. Spokesman for the Dangote Group, Anthony Chiejina, confirmed the price adjustment to The PUNCH on Monday night, saying the new rate took effect on June 30. “PMS price has been reduced from…
In today’s digital age, numerous opportunities exist for individuals to earn extra income without significant upfront costs. Here are seven side hustles that can be done remotely using a smartphone or laptop: 1. Social Media Management: Help small businesses manage their social media presence by creating content calendars, designing graphics, and tracking engagement. Offer fixed…
MultiChoice Nigeria has reduced the price of its DStv decoder by 50 per cent, from ₦20,000 to ₦10,000, as part of a new campaign aimed at boosting subscriptions and addressing recent declines in customer numbers. The company’s Chief Executive Officer, John Ugbe, announced the price cut in a statement on Tuesday, noting that it forms…
Nigerians may soon pay more for petrol as the Dangote Petroleum Refinery on Friday increased its ex-depot price for Premium Motor Spirit to N880 per litre, raising fresh concerns over fuel affordability and price volatility in the downstream sector. Checks on petroleumprice.ng, a platform tracking daily product prices, and a Pro Forma Invoice seen by…