The Nigerian National Petroleum Company (NNPC) Limited has reduced the pump price of petrol to N890 per litre in Abuja. The latest increase comes one week after the national oil firm dropped the commodity’s price to N895 – representing a N5 decrease. TheCable observed on Wednesday that the petrol pump price was reviewed downwards in…
The West African region has unveiled the timeline for accomplishing its refinery hub goals. Countries in the subregion are to sign harmonized refinery regulatory agreements in the fourth quarter (Q4) of 2025. The timeline was part of the highlights from the two-day Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA)/ S&P Global Commodity Insights Conference…
Chairman of United Bank for Africa (UBA), Tony Elumelu, has donated N25 billion to support the Produce for Lagos Programme, an initiative of the Lagos Food Systems Infrastructure Company. The programme was creayed to enhance food security and promote economic development in the state. Elumelu announced the donation yesterday during the launch of the initiative…
Telecom solutions provider, Globacom, has launched an initiative tagged Device Protection Service to remove anxieties from the subscribers about the safety of their handheld devices. The first of its kind initiative in Nigeria’s telecommunications sector is in partnership with Cubecover, the country’s leading technology solutions enabler. In a press statement issued in Lagos, Globacom noted…
The Nigerian Shippers’ Council (NSC) has launched a new results-oriented strategic framework focused on accountability, digital integration, and stakeholder responsiveness. The Council’s Executive Secretary/CEO, Dr Pius Akutah, while unveiling the 2025–2029 plan at the Council’s Management System Retreat in Lagos yesterday, said the reforms reflect the Council’s obligation to match policy with action and ensure…
Lagos State government has launched the Produce for Lagos Programme alongside a groundbreaking ₦500 billion Offtake Guarantee Fund, a move designed to tackle the menace of food insecurity in the state. The initiative, unveiled at the Lagos House in Ikeja, is designed to secure the state’s food supply, generate employment, and catalyse a new era…
The Securities and Exchange Commission (SEC) is actively engaging with emerging technologies and digital innovators to craft regulatory frameworks that support capital market innovation without compromising investor protection, its Director-General, Dr. Emomotimi Agama, has said. Delivering the keynote at the Comercio Partners H2 2025 Outlook event, Dr. Agama said Nigeria, like many countries, stands at…
BUA Cement Plc said its revenue soared to ₦876.5 billion in 2024- representing a remarkable increase from ₦460 billion in 2023. This growth was complemented by strong profitability, with profit before tax rising by 48.2 per cent to ₦99.6 billion, compared to ₦67.2 billion it recorded in 2023 and profit after tax increasing by 6.3…
French TV channel, Canal+ Group, has received final approval from the South African competition tribunal to acquire MultiChoice. In a joint statement yesterday, Canal+ and MultiChoice said they are on track to conclude the transaction before October 8. The two companies confirmed that the tribunal had endorsed the deal, which will see Canal+ acquire all…
