Again, NNPCL raises petrol price to N1,060/litre
The Nigerian National Petroleum Company Limited has adjusted the pump prices three weeks after raising the price of Premium Motor Spirit, also known as petrol. On Tuesday, the NNPCL increased…
Naira strengthens to 1630/$ at official market
The Naira on Tuesday strengthened in the official market, rising to 1,630.45/$ from 1,670.65/$ in the previous trading session, reflecting a 2.41 per cent appreciation. Data from the FMDQ Exchange,…
Dangote asks NNPC, marketers to stop fuel importation, boasts sufficient supply
The Chairman of Dangote Group, Aliko Dangote, has called on petroleum marketers, including the Nigerian National Petroleum Company Limited, to source petrol directly from his refinery to fulfill local demand.…
Food security: FG unveils initiative to cultivate 750,000 hectares
The Federal Government has unveiled an initiative to cultivate 750,000 hectares of land for maize, wheat, rice, and cassava farming, aiming to address the rising food inflation in the country.…
TikTok founder, Zhang Yiming, ranked China richest man
The founder of ByteDance, Zhang Yiming, has officially become China's richest individual, according to the latest rankings from Hurun Research Institute. With a personal fortune of $49.3 billion, Zhang has…
Telecom operators losing billions to vandalism, theft – NCC
The Executive Vice Chairman of the Nigerian Communications Commission, Dr. Aminu Maida, has emphasized the severe challenges currently confronting telecommunications operators in Nigeria, such as frequent fiber cuts, vandalism, and…
Elumelu Foundation supports 20,000 African entrepreneurs with $5,000
Heirs Holdings and the Tony Elumelu Foundation have announced a provision of $5,000 in seed capital to young African entrepreneurs, aimed at stimulating economic growth across the continent. This initiative…
Moniepoint raises $110m in funding
Nigerian fintech Moniepoint has secured $110 million in a funding round led by Development Partners International, according to TechCabal. This new capital infusion nearly triples the company’s valuation, propelling it…
Access Bank plans US expansion in 2026
Access Bank has announced plans to enter the U.S. market by the first quarter of 2026, further solidifying its position as a leading African banking institution on the global stage.…
IBEDC, Bresson sign N180bn 24-hour electricity deal for Ogun community
Bresson AS Nigeria Limited and Ibadan Electricity Distribution Company have officially signed a Power Purchase Agreement valued at N180 billion to provide 24-hour electricity to Magboro, Ogun State. The deal,…
600,000 small-scale farmers to benefit from FG’s support
The Federal Government has unveiled plans to support 600,000 small-scale farmers nationwide as part of its strategy to enhance food production and combat rising inflation. The Minister of Finance and…
FG okays licenses for nine modular refineries
The Federal Government, via the Nigerian Midstream and Downstream Petroleum Regulatory Authority has granted licenses for nine modular refineries. This was disclosed by the Chief Executive of NMDPRA, Farouk Ahmed,…
