Spending On Petrol May Rise To N8trn After Subsidy Removal   Petrol consumers may pay about N8.4trn for Premium Motor Spirit, popularly called petrol, between July and December 2023 once the Federal Government stops subsidy on PMS in June, latest findings...

NGX: Market Capitalisation Drop By N1.6trn In April   Despite some very impressive 2022 corporate earnings and dividend payout to shareholders of quoted companies, investigations has revealed that market capitalisation of the Nigerian Exchange Limited (NGX) fell N1.580 trillion at the...

NCS Intercepts 2,428 Litres of Petrol   The Federal Operations Unit, Zone ‘A’ of the Nigeria Customs Service (NCS) at the weekend, said that the Unit through the Federal High Court has secured eight convictions of suspected smugglers over various criminal...

Buhari To Inaugurate Dangote Refinery May 22   The Dangote Refinery established by Africa’s richest man, Aliko Dangote, is scheduled to be inaugurated on May 22. According to presidential aide, Bashir Ahmad, the inauguration Will be done by President Muhammadu Buhari. In a...

CBN To Issue Guidelines On Contactless Payment System   The Central Bank of Nigeria (CBN) has revealed that it is set to issue guidelines to promote safe and efficient use of contactless payments across the country. This, according to the apex...

Nigeria’s Borrowing From World Bank Hit $14.34bn In Q1, 2023   Nigeria’s borrowing from the World Bank has reached $14.34bn as of March 31, 2023. This was an increase from the $13.93bn debt recorded by the Debt Management Office (DMO) as of...