DisCos reject NERC CapEx account directive, warn of investment risks
Electricity distribution companies have opposed a new directive by the Nigerian Electricity Regulatory Commission requiring them to create dedicated capital expenditure provision…
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Dangote Refinery dumps naira, fixes petrol price at $0.779/litre
Dangote Petroleum Refinery has fixed the ex-depot price of Premium Motor Spirit, petrol, at $0.779 per litre, unveiling a new pricing template…
Customs duty waivers hit ₦34tn in 2025, says comptroller-general Adeniyi
The Comptroller-General of the Nigeria Customs Service, Bashir Adeniyi, on Monday disclosed that the value of Import Duty Exemption Certificate approvals granted…
Otedola teases new book titled ‘Making It Bigger’
Nigerian billionaire businessman, Femi Otedola, has hinted that he is working on a new book titled Making It Bigger, suggesting a follow-up…
FG suspends proposed WASSCE, NECO fee hike
The Federal Government has suspended the proposed review of registration fees for the 2027 West African Senior School Certificate Examinations, and the…
Naira trades at ₦1,382/$ at official FX market
The naira traded at around N1,382.33 to the United States dollar at the official Nigerian Foreign Exchange Market on Monday, July 13,…
Banks cut lending to oil, gas, ICT by ₦5.45trn
Deposit Money Banks slashed lending to oil and gas, information and communication technology and six other key sectors of the economy by…
NGX rebounds as investors gain ₦9.342trn last week
The Nigerian stock market recorded a strong rebound last week, closing bullish as investors gained N9.342 trillion. The Nigerian Exchange Limited had…
NAPTAN kicks against proposed hike in WAEC, NECO fees
The National Parent Teacher Association of Nigeria has described the proposed increase in registration fees for the Senior Secondary School Certificate Examination…
NDLEA nabs South African woman over heroin smuggling attempt
A 38-year-old South African woman, Will Ann, has been arrested by the National Drug Law Enforcement Agency at the Nnamdi Azikiwe International…
Lagos partners Chinese firm for lagoon water pipeline to Lekki
The Lagos State Government is planning to install a water transmission pipeline beneath the Lagos Lagoon into the Lekki Concession Area. The…
Strait of Hormuz closed until further notice — Iran
Iran has closed the Strait of Hormuz until further notice. The closure will remain in effect until further notice, according to Iranian…