Business

By Ekpeyoung Emmanuel Dangote Petroleum Refinery and Petrochemicals’ bid to stop the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) from issuing oil import licenses to some oil marketing companies has been stalled due to a delay in serving the amended originating summons. The company had sued NMDPRA and six …

The Nigerian Communications Commission (NCC) has approved a 50% increase in tariffs for telecom operators in the country, citing rising operational costs and economic pressures. This development follows persistent calls by Mobile Network Operators (MNOs) for adjustments to reflect the inflation rate, naira devaluation, and the removal of fuel subsidy, …

By: Ekpenyong Emmanuel In a move that is set to send shockwaves through Nigeria’s petroleum market, the Dangote Petroleum Refinery has increased the price of Premium Motor Spirit (PMS), commonly referred to as petrol, from N899.50 to N955 per litre. The price hike, which takes effect from 5:30 PM on …

The Federal Government, states, and local government areas (LGAs) have shared a total of N1.424 trillion, representing the Federation Account Revenue for December 2024. This distribution was concluded at the Federation Account Allocation Committee (FAAC) meeting held in Abuja in January 2025. A statement signed by Bawa Mokwa, Director of …