Dangote Refinery Announces New Petrol Price
In response to a sustained increase in the price of Brent crude, the global benchmark, the Dangote Petroleum Refinery, has announced a new price list for its customers for Premium Motor Spirit (PMS), commonly referred to as petrol or fuel. In a statement reportedly disseminated via email on Friday, The PUNCH quoted Dangote Refinery to […]
Why Nigerian Governors Forum Backs Tax Reforms
Why Nigerian Governors Forum Backs Tax Reforms The Nigeria Governors’ Forum (NGF) has endorsed a revised Value Added Tax (VAT) sharing formula, which it believes will ensure equitable distribution of Nigeria’s resources. The details were disclosed in a communiqué issued on Thursday and signed by AbdulRahman AbdulRazaq, Chairman of the Nigeria Governors’ Forum and Governor […]
Inflation Hits 34.8% In Nigeria
Nigeria’s headline inflation rate soared to 34.80% in December 2024 from 34.60% in November 2024, the National Bureau of Statistics (NBS) disclosed this on Wednesday. The NBS attributed the rise to the December festive period increases in demand for goods and services. The agency stated that the December 2024 headline inflation rate showed a marginal […]
Tinubu Was Misled, Import Waiver Won’t Crash Food Prices — Buhari’s Ex-Aide
President Bola Tinubu has been faulted by Dolapo Bright, a former Special Adviser on Agriculture to ex-President Muhammadu Buhari. Bright said claims that import waiver would crash food prices is untrue. Bright claimed that Tinubu was misled by his advisers that the suspension of duties, tariffs, and taxes on the importation of food staples through […]
“POS is a scam” – Ycee calls for ban after losing over N2 to POS fraud
Nigerian rapper Ycee has called for the banning of Point of Sale (POS) machines in the country after recounting a distressing incident where he lost millions of naira in 2024. The rapper, whose real name is Oludemilade Martin Alejo, shared the details of the incident on his Instagram story. In the video, he explained that N2.7 million […]
Ibadan Residents Rejoice as OMITUNTUN BUS Announces Flat Fare of #300
As the New Year celebrations came to a close, residents of Ibadan were greeted with a pleasant surprise. Oyo State Pacesetter Transport Services, under the leadership of Hon. Dr. Oladeji Ibraheem Salami (DIKKO), announced the Omituntun 2025 New Year Bonus. This exciting offer allows commuters to travel anywhere within Ibadan on Omituntun buses for a […]
Loan App Sparks Outrage After Posting Photos Of 87 Debtors Online(Video)
A popular loan app has ignited controversy on social media by publicly posting photos of 87 debtors who allegedly failed to repay their loans. The incident came to light through a series of videos uploaded to TikTok, where the app shared the debtors’ pictures across three separate posts. Each video carried the caption: “Please settle your loans,” […]
Nigerian governor announces Return of petrol Subsidy
Nigerian governor announces Return of petrol Subsidy Borno State Governor, Babagana Zulum, has announced the return of petrol subsidies to support farmers in insurgency-affected communities. Speaking in Bama town on Friday, he revealed that irrigation farmers would now purchase petrol at N600 per litre, compared to the N1,000 to N1,200 price in Maiduguri. This […]
Warri Refinery Roars Back to Life: But What’s Next for Fuel Prices?
Oil marketers and the Nigerian Midstream and Downstream Petroleum Regulatory Authority have said the prices of refined petroleum products are to drop further following the commencement of operations at the Warri Refining and Petrochemicals Company Limited. Dealers in the downstream oil sector said competition in the space would now be stiffer, as domestic refiners would be […]
Naira Slumps Hours To New Year
Less than 18 hours to 2025, the naira depreciated against the dollar at official and parallel foreign exchange markets. FMDQ data showed that the naira closed at N1,538.55 per dollar on Monday from N1,534 traded on Friday, losing N4.55. Similarly, at the black market, the naira dipped marginally to N1,662 per dollar on Monday from […]