Auto Dealers Lament as Sales Crash Amid 126% Price Hike   Automobile dealers have lamented the collapse of the car dealership business as the price of vehicles skyrockets by over 126 per cent in eight years, from N18m to N80m on average, crippling sales and excluding...

Again, Dangote Slashes Petrol Price Amid Import Surplus   The Dangote Petroleum Refinery has announced a fresh reduction in the pump prices of Premium Motor Spirit (petrol) across the country, as the competition in the downstream oil sector heightens. The plant announced that the new rates now...

Dangote Reduces Petrol Price Nationwide The Dangote Petroleum Refinery has announced a fresh reduction in the pump price of Premium Motor Spirit (petrol) across the country. The new rates now range from ₦875 to ₦905 per litre, depending on location. A breakdown of the revised prices shows,...

Otedola Hails FG, CBN Reforms As Investment In First HoldCo Hits ₦320b Chairman of First Holdco Plc Femi Otedola has credited the Federal Government’s economic reforms and the Central Bank’s policies as key  drivers behind his ₦320 billion personal investment in First Bank. Otedola made the...

Femi Otedola has credited the Federal Government’s economic reforms and the Central Bank’s policies as key drivers behind his ₦320 billion personal investment in First Bank.

Naira Gains Against Dollar in Official, Black Markets ‎The naira appreciated by ₦3.32 against the US dollar in the parallel market on Thursday. ‎A source at the Abuja black market told Economic Confidential that as of May 22, the naira traded at ₦1,610/$1 for buying and...