A member of the House of Representatives from Kaduna State, Amos Mogaji, has defected from the Peoples Democratic Party (PDP) to the ruling All Progressives Congress (APC). Mr Mogaji’s defection was contained in a letter read by the Speaker of the House, Abbas Tajudeen, on the floor of the House […]

The Central Bank of Nigeria (CBN) has announced a review on the transaction fees for automated teller machines (ATMs) In a circular signed by John Onojah, acting director of financial policy and regulation department, the CBN said the revised charges will take effect from March 1. The regulator said the […]

Some oil marketers are beginning to change the logo of the Nigerian National Petroleum Company Limited on their filling stations, as the dealers dump the franchise deals with NNPCL due to the stiff competition in the prices of refined products in the downstream arm of the oil sector. It was […]

In recent days, Nigerians have taken to social media platform X to voice their frustrations with Kelvin Emmanuel, a close associate of Africa’s richest man, Aliko Dangote. Critics accuse Emmanuel of undermining the positive developments surrounding the Port Harcourt and Warri refineries, which have recently been revitalized by the Nigerian National […]

Reports have revealed that between October 1, 2024, and January 31, 2025, the Nigerian National Petroleum Company (NNPC) Limited and select marketers spent over N5.5 trillion on the importation of Premium Motor Spirit (PMS) and diesel (AGO). Meanwhile, the management of the Dangote Refinery is currently in court with the Nigerian […]

The Nigeria Export Promotion Council, NEPC, has confirmed that the Central Bank of Nigeria, CBN, has approved CFA Franc to be captured on Nigeria Export Proceeds, NXP, forms for the repatriation of export proceeds. Mrs. Nonye Ayeni, Executive Director of the NEPC, disclosed this while addressing newsmen on the Non-Oil […]

The Nigerian Export Promotion Council (NEPC) has announced a significant increase in the country’s non-oil export earnings for 2024, reaching a total of $5.456 billion, representing a 20.77% rise from the $4.517 billion recorded in 2023. The growth has been attributed to increased production, improved global demand for Nigerian exports, […]

Dangote Petroleum Refinery has announced a reduction in the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, from N950 to N890, effective from Saturday. This price adjustment is said to be in response to favourable developments in the global energy sector and a significant decline in international […]

The Nigerian Export Promotion Council has announced a remarkable 20.79 per cent increase in the value of the country’s non-oil exports, reaching a total of $5.456bn in 2024. It stated that the amount surpassed the $4.5bn generated in 2023. The Executive Director of the Nigerian Export Promotion Council, Nonye Ayeni, […]

The Federal Inland Revenue Service (FIRS) has reported a substantial rise in Nigeria’s Value Added Tax (VAT) collections, which reached N6.72 trillion in 2024, reflecting a 84.62% year-on-year (YoY) increase compared to N3.64 trillion recorded the previous year. This was disclosed at the 2025 FIRS Management Retreat on Thursday, where […]