Lagos Fuel Supply Restored as Tanker Drivers Resume Operations
Tanker drivers have resumed fuel loading following the resolution of their crisis with the Lagos State Government.
On Wednesday and Thursday, many fuel tankers were seen on the road conveying petroleum products to filling stations within and...
DStv Price Hike: FG Orders MultiChoice to Suspend Plans
The Federal Competition and Consumer Protection Commission has directed MultiChoice Nigeria, the operator of DStv and GOtv, to suspend its planned subscription price hike pending the outcome of an ongoing investigation into the company’s proposed tariff...
FG Plans Fresh Electricity Tariff Hike Amid Consumer Outrage
In its bid to enhance the liquidity of the Nigerian Electricity Supply Industry, the Federal Government has said it is considering plans to regularise the electricity tariffs to address disparities in the current billing system for...
Fuel Importers Hit with N75bn Monthly Loss After Dangote's Price Slash
Importers of Premium Motor Spirit (petrol) may lose an average of N2.5bn daily and N75bn monthly following the latest PMS price reduction announced by the Dangote Petroleum Refinery.
Findings revealed that the average landing cost...
Investors Lose N77bn as Equity Market Dips
The Nigerian equity market reversed its previous gains, recording a N77bn loss at the close of trading on Tuesday as investor sentiment weakened.
The market capitalisation of the Nigerian Exchange Limited declined to N67.02tn from N67.1tn recorded in the...
Naira Appreciates Further, Sells N1,490/$1 in Parallel Market
The naira further appreciated against the U.S. dollar in the black market on Wednesday, February 26, 2025, trading at N1,490/$1.
This marks a N5 gain compared to the previous day's rate of N1,495/$1, reflecting a slight improvement in...
