Non compliance: CAC publishes names of companies stricken-off register
Corporate Affairs Commission, CAC, says it has stricken-off the names of the companies that have failed or refused to update…
Category: Business
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Import licence: NNPCL asks court to strike out Dangote Refinery’s suit
The Nigeria National Petroleum Corporation Limited, NNPCL, has asked a Federal High Court sitting in Abuja to strike out a…
Oil thieves barons in Lagos, Abuja want me dead – Tompolo
The owner of Tantita Security Services Nigeria Limited, Government Ekpemupolo, popularly known as Tompolo, has claimed that top oil thieves…
Nigeria’s Dangote Refinery allegedly begins petrol exports to West Africa – Report
Nigeria’s Dangote Refinery, owned by Africa’s richest man, Aliko Dangote, has begun the export of refined petroleum products to neighbouring…
Naira appreciates against dollar
The naira appreciated against the dollar at the official foreign exchange market for the first time since last week. FMDQ…
CBN uncovers fake SWIFT messages fraud, warns Nigerians
The Central Bank of Nigeria, CBN, has uncovered a fresh fake SWIFT message scheme and warned Nigerians and the general…
Energy group laments high importation of fuel amid NNPCL decision to patronise local refineries
The Energy Reforms Advocates of Nigeria (ERAN) has raised concerns over the increasing importation of petroleum products in Nigeria, despite…
Road now clear for private investors to invest in Nigeria – Minister of Finance, Edun
The Minister of Finance and Coordinating Minister of the Economy, Dr. Wale Edun, has declared that the road is now…
Dangote targets billions in loans to boost crude supply – Report
Africa’s richest man, Aliko Dangote, is seeking billions in loans to boost crude supply for his newly built refinery in…
Petrol price drop: Dangote, IPMAN sign 60m litres weekly fuel deal
Dangote Refinery and the Independent Petroleum Marketers Association of Nigeria have signed a 60 million-litre weekly Premium Motor Spirit supply…
World Bank uncovers $32m missing funds in Nigeria’s water project
The World Bank has uncovered $32 million in unaccounted funds in Nigeria’s water project. This was disclosed in the banks’…
Trouble looms as Nigeria’s external debt may hit $45.1bn by end of 2024
There are indications of a looming debt crisis as Nigeria’s external debt may rise to $45.1 billion by the end…
NMDPRA seals oil, gas retail outlets in Delta over sharp practices
The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, has sealed petroleum retail outlets and gas plants over sharp practices…
Retire, go home – Inibehe Effiong slams Adeboye over ‘God saved Naira’ comment
A human rights lawyer, Inibehe Effiong, has told Pastor Enoch Adeboye of the Redeemed Christian Church of God, RCCG, to…
Rewane raises concern over Nigeria’s 2025 N47.9tn budget proposal
An economist, Bismark Rewane, has faulted the $75 per barrel crude oil price benchmark for Nigeria’s N47.9 trillion 2025 budget…
Maiduguri airport set to commence first international flight operations
The General Muhammadu Buhari International Airport, Maiduguri, is set to commence full international operations by January 1, 2025, DAILY POST…
EKEDC denies extorting customers over ongoing STS 2-meter upgrade
The management of Eko Electricity Distribution Company (EKEDC) has denied extorting customers over the ongoing STS 2-meter upgrade. It insisted…
Why FEC approved fresh $2.2bn borrowing plan for Nigeria – Finance Minister, Edun
The Minister of Finance, Wale Edun, has explained that the Federal Executive Council approved a fresh $2.2 billion borrowing plan…
Naira resumes depreciation against dollar
The naira returned to depreciation against the dollar at the foreign exchange market barely 24 hours after respite. FMDQ data…
Crude oil production: We’ve reached 1.8m barrels per day – NNPCL
The Nigerian National Petroleum Company Limited, NNPCL, has said it has reached the mark of 1.8 million barrels per day…
Nigeria Customs secured N28.1bn worth of seizures in 2024 — Adeniyi
The Comptroller General of Nigeria Customs Service, Bashir Adeniyi, said the service made N28.1 billion worth of seizures as of…
BREAKING: Fuel crisis: NNPC announces fresh appointments
The Nigerian National Petroleum Company Limited has announced key leadership appointments, DAILY POST learnt. The company on Wednesday named Adedapo…
Naira appreciates against dollar first time in a week
The naira appreciated against the dollar at the foreign exchange market for the first time since last week. FMDQ data…
Electricity: Enugu DisCo vows to end estimated billing
Mainpower Electricity Distribution Limited (MEDL), a subsidiary of Enugu Electricity Distribution Company, has vowed to eliminate estimated billing with the…
Nigerian Govt to commence payment of pension backlog – Finance Minister Edun
The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has assured that the Federal Government will…
Inflation in October expected — CBN
The majority of Nigerians believed that the country’s inflation would rise further in October 2024. This is according to the…
Nigeria’s foreign reserves rise to $40.167bn
Nigeria’s foreign reserves increased to $40.167 billion as of November 11, 2024, for the first time since 2022. This is…
Nigerian Govt mulls single-digit taxes for citizens
The Federal Government is considering a single-digit tax regime to reduce the burden of multiple taxations on Nigerians. The Chairman…
Naira begins week with depreciation
The naira continued to depreciate against the dollar in the foreign exchange market on Monday. FMDQ data showed that the…
IPMAN dumps fuel import for Dangote Petrol
The Independent Petroleum Marketers Association of Nigeria, IPMAN, directed all its members to lift Premium Motor Spirit, PMS, exclusively from…
BREAKING: Dangote, IPMAN finally reach agreement to lift PMS, others directly
The Independent Petroleum Marketers Association of Nigeria, IPMAN, has finally secured an agreement with Dangote Refinery to lift products directly.…
NDIC begins sale of Heritage Bank assets
The Nigeria Deposit Insurance Corporation, NDIC, has commenced a national auction of landed properties and physical assets belonging to the…
Export processing terminal to link with domestic export warehouse – NPA
The Export Processing Terminal (EPTs) is to be linked with the Domestic Export Warehouse (DEW), the Nigerian Ports Authority (NPA),…
Petrol landing cost drops in Nigeria
Nigeria’s landing cost of Premium Motor Spirit (Petrol) dropped to N971 per litre in November 2024. This is according to…
National grid: TCN attributes blackout in Lokoja to vandalisation
The Transmission Company of Nigeria has revealed that the vandalisation of Lokoja-Gwagwalada 330 kilovolt transmission line 1 is the reason…
Food prices rise highest level in 18 months – FAO
The Food and Agriculture Organization, FAO, has said global food prices rose in October to their highest level in 18…
Naira slumps against dollar to end on negative note
The Naira depreciated against the dollar on Friday at the foreign exchange market to end the week on a negative…
Electricity customers to lose meters not upgraded after Nov 24 – Enugu Disco
Enugu Electricity Distribution, now known as Mainpower Electricity Distribution Limited, has announced that customers yet to upgrade their meters stand…
Naira appreciates significantly against dollar as FX supply rises
The naira appreciated significantly against the dollar in the foreign exchange market as FX supply surged. FMDQ data showed the…
US election: Dollar surges, Bitcoin hits record high as Trump declares victory
The dollar on Wednesday set for its biggest one-day rise since March 2020 against major peers. Bitcoin also jumped to…
Tax reform bills not South vs North issue – FIRS
The Coordinating Director of Compliance and Enforcement Group of the Federal Inland Revenue Service, FIRS, Mathew Gbonjubola, has urged Nigerians…
Naira appreciates against dollar as FX supply rises
The naira appreciated against the dollar at the official foreign exchange amid a rise in FX supply. FMDQ data showed…
Nigerian Govt to disburse N1bn loan to 1,000 MSMEs in Bauchi
The Federal Government, through the Bank of Industry, BOI, is set to inject N1 billion in loans to support 1,000…
Dangote Refinery: Petrol marketers deny importing substandard fuel into Nigeria
The Independent Petroleum Marketers Association of Nigeria has denied an allegation by Dangote Group that its members import substandard Premium…
Dangote petrol price at N990/litre reason Nigerians can’t buy cheaper fuel – IPMAN
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has stated that Nigerians should be able to buy Dangote Refinery’s locally…
Unknown company near us blends, sells substandard products — Dangote Refinery alleges
Dangote Refinery has alleged that an international trading company recently acquired a depot for blending and selling substandard products in…
Petrol pricing: We sell fuel at N960 per litre – Dangote Refinery
Dangote Refinery has finally made its petrol prices public following the Independent Petroleum Marketers Association of Nigeria, IPMAN, and Petroleum…
We’re committed to ending power outage in Enugu – Mainpower MD, Mupwaya
The Managing Director, Mainpower Electricity Distribution Limited, MEDL, Ernest Mupwaya, has committed to improving power supply in Enugu State. Mupwaya…
Nigerian businesses deteriorate in October 2024 — Report
Nigerian businesses recorded significant deterioration in October 2024 as the purchasing manager index dropped to 46.9 from 49.8 recorded in…
Imported fuel not cheaper, unless you stole crude oil from Nigeria – Kalu Aja
Kalu Aja, a financial analyst and educator, has dismissed the claim by some oil marketers suggesting it is cheaper to…