Dangote Petroleum Refinery has announced a major reduction in the prices of Premium Motor Spirit (PMS), known as petrol and Automotive Gas Oil (AGO), also known as diesel. Under the new pricing regime, the gantry price of PMS has been lowered from ₦1,175 to ₦1,075 per litre—a reduction of ₦100. The coastal price has also…
Central Bank of Nigeria (CBN) has issued new guidelines that will require banks and other financial institutions to deploy automated systems to detect and report suspicious transactions as part of efforts to strengthen the fight against money laundering and terrorism financing. In the circular issued by the regulator, it said the standards are meant to…
Leading provider of consumer and business financing solutions in Nigeria, Zedvance Finance Limited, said it has disbursed over ₦96 billion in funding to support commercial businesses across the country, establishing its strong positioning beyond retail lending and reinforcing its commitment to bridging the gap between enterprise growth and access to timely financing solutions. It said…
STAKEHOLDERS in the rubber market in Nigeria are pushing to reposition the market to make it contribute significantly to the nation’s gross domestic product (GDP). The stakeholders which include Chairman, Board of Trustees of the Federation of Agricultural Commodity Associations of Nigeria (FACAN), Dr. Victor Iyama, Director-General the Raw Materials Research and Development Council (RMRDC),…
African carriers have come under growing pressure as commoditisation, digitisation and intensified competition are reshaping the industry faster than the dot‑com era, PwC report has noted. This accelerating change across the industry is a clear signal that reinvention can’t wait, report, entitled: ‘Reinventing Telecoms: Beyond the Buzzwords’, noted. The report said across the continent, leading…
Africa’s global bank, United Bank for Africa (UBA) Plc, is set to host a special edition of its impactful quarterly UBA Business Series, which be specifically focused on celebrating and empowering the modern woman with the theme: “gen w – ‘The Evolved Woman’. The session, which is scheduled to hold on Wednesday, March 12, 2026…
The Director-General, National Pension Commission (PenCom) Omolola Oloworaran said the Commission is targeting a million self-employed women to enable them secure their financial future through the registration of the Personal Pension Plan (PPP). Oloworaran disclosed this at the International Women’s Day 2026 outreach in Abuja, with the aim of encouraging women, especially self-employed women, to…
The Federal Government has explained why some civil servants in the Federal Ministry of Steel Development and four federal agencies have not received their February 2026 salaries. The explanation came from the Office of the Accountant-General of the Federation (OAGF), which said the delay was caused by shortfalls in the personnel cost allocations of the…
State-run oil firm, the Nigerian National Petroleum Company Limited (NNPCL) said it generated N2.57 trillion revenue in January this year. According to the NNPCL monthly report of January 2026, it also posted N385 billion profit after tax (PaT). NNPCL further disclosed that in the period under review, N726 billion was remitted into the Federation account…
