Dangote Refinery has further increased the price of Premium Motor Spirit (petrol) at its gantry by ₦180 to ₦1,175 per litre, from ₦995. This latest increase marks the third price increase in one week, following the escalating conflict in the Middle East, which has led to the disruption of crude oil supply and the consequent …
The Federal High Court in Abuja has granted bail to the former Attorney General of the federation and Minister of Justice, Abubakar Malami, his son Abdulazeez Malami and wife Asabe Bashiru, with ₦200 million each. Malami is being tried on a 16 count charge in a money laundering case of 8.7 billion naira instituted against …
The Nigerian Electricity Regulatory Commission (NERC) has issued a fresh order directing Electricity Distribution Companies (DisCos) to refund a total of ₦20.33 billion to customers who paid for meters under the Meter Asset Provider (MAP) scheme. This directive is outlined in Order No. NERC/2026/025, signed on February 27, 2026, by NERC Chairman Musiliu Oseni and Commissioner Dafe …
MultiChoice has announced plans to shut down its streaming platform. Showmax after eleven years of operation. It revealed the decision in an email sent to subscribers on Thursday, hinting that the service is to be discontinued following a strategic review. “We’re writing to inform you of an important update regarding Showmax,” the streaming platform said …
The House of Representatives Ad-hoc Committee investigating pre-shipment inspection of exports and the non-remittance of crude oil proceeds has directed key government agencies and a private sector body to submit comprehensive records related to its ongoing probe. The directive followed concerns by lawmakers over incomplete documentation submitted by the agencies, as the committee seeks to …
The Federal Government on Wednesday approved six major road projects across the country, including the demolition of the Carter Bridge in Lagos and the design of a new bridge to replace it. The Minister of Works, David Umahi, disclosed this while briefing State House correspondents on the outcome of the Federal Executive Council (FEC) meeting …
President Bola Ahmed Tinubu has nominated Mr Taiwo Oyedele as Nigeria’s new Minister of State for Finance, signalling a strategic move to strengthen the administration’s fiscal reform agenda. Oyedele replaces Dr Doris Anite-Uzoka, who has been redeployed to the Ministry of Budget and National Planning as Minister of State, marking her third ministerial portfolio under …
Nigeria’s net foreign exchange reserves surged by 772 per cent to $34.80 billion at the end of 2025, up from $3.99 billion recorded at the end of 2023, the Governor of the Central Bank of Nigeria, Olayemi Cardoso, has said. The sharp rise signals what the apex bank described as a major strengthening of the …
The Lagos Chamber of Commerce and Industry (LCCI) has called for sustained efforts to remove impediments in Nigeria’s business environment and attract foreign direct investment (FDI) into critical sectors of the economy. The demand came following the Central Bank of Nigeria's (CBN) recent reduction of the benchmark interest rate. In a statement, the Chamber’s Director …
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced that registration and submission of applications for pre-qualification for the Nigeria 2025 Licensing Round will close on Friday, February 27, 2026. The Commission made this known in an update shared via its X handle on Wednesday. According to the statement, NUPRC said the portal for the …
