Imported Petrol Cheaper Than Dangote Refinery Price
The landing cost of imported petrol has dropped below Dangote Refinery's gantry price, sparking debates on market competition and pricing dynamics in Nigeria's energy sector.
Category : Business
Naira Hits ₦1,401.22 High as External Reserves Rise
Nigeria's naira appreciates sharply to ₦1,401.22 per dollar in official market, marking strongest performance since FX reforms. Rising external reserves boost confidence amid global oil price concerns.
Dangote Refinery Petrol Price Hike Sparks Nationwide Adjustments
Following Dangote Refinery's N96 increase in petrol ex-depot price, oil marketers nationwide have adjusted pump prices to between N839 and N900 per litre. The refinery cited temporary festive price support ending and assured steady supply of 50 million li
Nigerian Stock Market Gains N125.65bn, Market Cap Hits N106.09trn
The Nigerian stock market closed bullish on Tuesday with the All-Share Index rising 0.12% to 165,713.82 points. Market capitalization increased by N125.65 billion to N106.09 trillion amid positive sentiment.
HR Manager Confronts Employee for Bringing Dog to Office
A Nigerian woman's decision to bring her pet dog to work sparked a viral confrontation with her HR manager, igniting online debates about workplace professionalism and pet policies.
Govt to Recover Unpaid Tax Through Banks, Tenants, Family
Lagos State government announces new tax recovery method using third parties under Power of Substitution law. Banks, employers, tenants may be compelled to pay defaulters' taxes.
FG Proposes N30bn for Solar Mini-Grids in 2026 Budget
The Nigerian federal government has allocated N30.34 billion in the 2026 budget for solar mini-grids and inverters to power government facilities, schools, and communities amid grid instability.
N2bn Non-Interest Loan for Borno Small Businesses
Rayyan Microfinance Bank has unveiled a N2 billion non-interest intervention package targeting MSMEs in Borno State, with special focus on women entrepreneurs and clean energy projects to revive the local economy.
Scientist Loses Discrimination Claim Over Christmas Party Exclusion
A scientist who sued her employer for not inviting her to a Christmas party while on sick leave has lost her discrimination claim at an employment tribunal in Scotland.
Naira Gains Officially, Falls to N1490/$ in Black Market
The Nigerian Naira appreciated in official foreign exchange markets while depreciating in the black market to N1490/$. Analysts predict continued stability amid rising external reserves.
YouTuber Mistakes US Tax for Nigerian Government Deduction
A Nigerian content creator sparked online debate after sharing YouTube earnings showing significant tax deduction, initially blaming the Nigerian government before realizing it was US tax withholding.
DStv Decoder Prices Cut, Shared Payments Introduced
MultiChoice announces fresh price reductions on DStv decoders, enhances entry-level packages with more channels, and introduces shared payment feature to retain subscribers amid streaming competition.
Solar Beeping Sound Sparks Battery Debate in Nigeria
A Nigerian woman's viral video about a beeping sound from her solar setup with four tubular batteries has ignited discussions about battery types and energy management during frequent national grid failures.
Zimbabwe Hits Single-Digit Inflation for First Time Since 1997
Zimbabwe's annual inflation rate has dropped to 4.1%, marking the first single-digit reading since 1997. This milestone supports plans to establish the gold-backed ZiG as the sole currency by 2030.
Dangote Refinery Increases Petrol Price to N799/Litre
Dangote Petroleum Refinery has increased petrol ex-gantry price from N699 to N799 per litre, affecting pump prices at MRS and other partner stations nationwide.
Abuja Airport Blackout Interrupts Sisters' Reunion After 9 Years
A Nigerian woman's emotional reunion with her US-based sister at Abuja International Airport was abruptly interrupted by a power outage, sparking widespread online discussions about infrastructure challenges.
Nigerian Banks Acquire Kenyan Lenders in Continental Expansion
Two major Nigerian banks have acquired Kenyan lenders as part of a strategic push to deepen their continental footprints. This move highlights Kenya's growing importance as East Africa's banking hub amid regulatory reforms and currency stability.
Court: Man Can Keep 330x Salary Overpayment After Resignation
A Chilean court has ruled that a distribution assistant who received 330 times his salary due to a payroll error can keep the money after resigning, dismissing theft charges in a landmark case.
FG Launches Women, Youth Empowerment Fund
The Federal Government, through Vice President Kashim Shettima's office, will launch a new learning fund and empowerment platform in Abuja on Wednesday, focusing on co-investment and economic inclusion for women and youths.
Anambra Loses N8bn Every Monday to Sit-at-Home
Anambra State Commissioner reveals the sit-at-home practice costs the state N8 billion weekly, as traders treat Mondays as extended weekends despite improved security.
Dangote Refinery Increases Petrol Price by N100 Nationwide
Dangote Refinery has implemented a significant N100 per litre increase in petrol prices nationwide, with retail prices now reaching N839 per litre amid supply challenges and market adjustments.
Three French Tourists Drown in Oman Boat Capsizing
A sightseeing boat carrying 25 French tourists capsized in the Gulf of Oman near Muscat, resulting in three fatalities and two minor injuries. The incident occurred during rough sea conditions while en route to the popular Ad Dimaniyat Islands.
National Grid Collapses Again, Second Time in Four Days
Nigeria's national electricity grid collapsed for the second time in four days on January 27, causing widespread blackouts nationwide. Only Delta Gas Power Plant was operational, generating just 39MW.
MTN Shares Yield 243% ROI for 2021 Investor
Mkpouto Pius shares her story of buying 400 MTN Nigeria shares in 2021 for N67k, now valued at N243k with 243% return, plus bonus shares and reinvested dividends.
Dangote Refinery Halts Petrol Sales, Increases Prices Nationwide
Dangote Refinery has suspended Premium Motor Spirit sales and increased petrol prices to N799 per litre, citing maintenance and demand pressures. The move disrupts Nigeria's downstream fuel market.
National Grid Collapses Again in Nigeria, Second Time in 2026
Nigeria's electricity transmission system suffered another major failure as the national grid collapsed for the second time this year, causing widespread power outages across multiple states.
Moniepoint Launches New Jobs After CBN Licence Upgrade
Moniepoint MFB announces multiple job vacancies across technical and administrative roles following its Central Bank of Nigeria licence upgrade to operate nationwide.
Providus-Unity Bank Merger Nears Completion as CBN Deadline Looms
The merger between Providus Bank and Unity Bank is in its final stages, awaiting court sanction as Nigerian banks race to meet the Central Bank's March 2026 recapitalisation requirements.
Providus-Unity Bank Merger Nears Finish Line Ahead of CBN Deadline
The merger between Providus Bank and Unity Bank enters final phase with court sanction pending, as Nigerian banks race to meet CBN's March 2026 recapitalisation requirements.
Man Confirms ₦30,000 Salary Increase Under New Tax Law
A Nigerian man took to social media to confirm his friend received a ₦30,000 salary increase due to reduced tax deductions under the new tax policy, sparking mixed reactions online.
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