Dangote Refinery Reduces Petrol Price to N890 per Litre Dangote Petroleum Refinery has announced a reduction in the price of Premium Motor Spirit (PMS), commonly known as petrol, from N950 to N890 per litre. The price slash takes effect from Saturday, February 1, 2025. Dangote Refinery’s spokesperson,...

50% Tariff Hike Implementation to Commence Next Month – Telcos Telecoms operators have said they are preparing new tariffs to reflect the 50 per cent hike approved by the Federal Government through the Nigerian Communications Commission (NCC) . Although the NCC has said the 50 per...

How CBN's Youth-friendly Policies will Drive Economic Growth - Cardoso   The Central Bank of Nigeria (CBN) has pledged to develop different youth-friendly credit policies and capacity-building programs to encourage innovation and foster economic growth. At the Youth Action Event in Abuja on Friday, the CBN Governor,...

Nigerian Stock Market Records N1.95trn Gain in January   Despite cautious trading sentiment among investors, the Nigerian stock market experienced a remarkable surge in January 2025, with its market capitalization increasing by a significant N1.95 trillion. This emerged as the Minister of Finance and Coordinating Minister of...

CBN Predicts N31.787trn Inflow from Diaspora Remittances   The Central Bank of Nigeria (CBN) has made a bullish forecast, predicting that diaspora remittances will surge to a record N31.787 trillion once the fourth-quarter 2024 numbers are finalized. The substantial increase in diaspora remittances was attributed to the...

NAICOM Unveils Revised Annuity Regulations for Insurance Operators   In a move to strengthen the annuity market and ensure greater transparency, the National Insurance Commission (NAICOM) has introduced new regulations governing annuity business, effective February 1, 2025. An annuity is a contract between you and an insurance...