FCCPC Says PoS Operators Risk Three Months Imprisonment over Price Fixing The Federal Competition and Consumer Protection Commission has said Point of Sale operators caught for price fixing risk three months jail term. This is as it issued a cease-and-desist order to PoS operators from conduct...

N1.3tn Subsidy Debt won’t Affect Dividend, Says NNPCL Nigerian National Petroleum Company Limited has disclosed that its outstanding N1.3tn debt to the Federal Government has nothing to do with the payment of dividends to the government. In June this year, the national oil company revealed that...

Marketers Push For Petrol Price Hike Amid Deregulation   Oil marketers are clamouring that market indicators should determine the price movement of Premium Motor Spirit, commonly known as petrol, even if it means the price could potentially reach N700. This comes after a 165 per cent...

Investors Stake N99bn In Equities   Heavy transactions in the shares of United Bank for Africa (UBA) FCMB Group Plc and Japaul Oil lifted the volume of shares traded last week as 4.2 billion shares worth N99 billion were recorded in 41,446 deals by investors on...

Dollar Exchanges For N876/$ As Forex Shortage Worsens   The naira maintained its downward trend against the dollar as it traded for 876/$ at the parallel market on Sunday. Some Bureau de Change operators said the local currency had earlier exchanged to the dollar at 820 a...

Lawmakers Reject DisCos' Planned Electricity Tariff Hike The House of Representatives, yesterday, rejected plans by the Distribution Companies (DISCOs) to increase electricity tariff in the country. It also resolved to set up an adhoc committee to determine the legality of the Excess Crude Account and also...