Business

DANGOTE REFINERY ANNOUNCES NEW PETROL PRICE, LITRE NOW SELLS N955 AT LOADING POINT In response to a sustained increase in the price of Brent crude, the global benchmark, the Dangote Petroleum Refinery, has announced a new price list for its customers for Premium Motor Spirit (PMS), commonly referred to as petrol or fuel.In a statement reportedly disseminated via email on …

LANDMARK GROUP PARTNERS WITH ENUGU TO REVAMP NIKE LAKE RESORT The chief executive officer of Landmark Group, Mr. Paul Onwuanibe, has finalised an agreement with the Enugu State government on a 35-year lease to revitalise the Nike Lake Resort to a competitive standard in Nigeria and beyond. In line with the “Akurulo Igbo campaign” that’s calling all Igbo entrepreneurs to …

NNPCL REMITTED N10TRN TO FEDERATION ACCOUNT IN 2024 – KYARI The Nigerian National Petroleum Company Limited has remitted N10 trillion to the federation account, making it the highest taxpayer in the country and the only company in Nigeria that publishes 100% of its account statements annually. This is according to the Group Chief Executive Officer, Malam Mele Kyari, who stated …

NIGERIANS TO PAY 60% MORE FOR CALLS, DATA – MINISTER The Minister of Communications and Digital Economy, Bosun Tijani, said Nigerians will have to pay 30-60 percent more for calls, data, and other services in the telecommunications sector. Tijani disclosed this in a recent interview with Channels Television. According to him, the telecommunications sector is entirely about investment to spur …

NERC GIVES ENUGU, THREE OTHER STATES GET NOD TO COMMENCE ELECTRICITY GENERATION, TRANSMISSION, DISTRIBUTION The Nigerian Electricity Regulatory Commission (NERC) has confirmed the readiness of four state governments, including Enugu, Ekiti, Ondo and Imo to take over the generation, transmission and distribution of electricity in the state, as it conclude the transfer of regulatory oversight to the states. Announcing the …

CBN FINES NINE BANKS N150M EACH FOR FAILING TO DISPENSE CASH VIA ATMS The Central Bank of Nigeria has sanctioned nine Deposit Money Banks with fines totalling N1.35bn for failing to ensure cash availability via Automated Teller Machines during the festive season. Each of the banks was fined N150m following spot checks that revealed non-compliance with the apex bank’s cash …

UZODINMA HAPPY WITH REMOVAL OF OIL SUBSIDY, SAYS STATES NOW GET MORE MONEY Governor Hope Uzodinma of Imo State has declared that state government are currently getting more funds under the President Bola Tinubu’s administration. Uzodinma said the fuel subsidy removal is responsible for the current development. Speaking during the inspection of some projects to celebrate the first year of …

IPMAN OPTIMISTIC OF IMMINENT DROP IN FUEL PRICES The National Publicity Secretary of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Ukadike Chinedu, has expressed optimism about the declining price of Premium Motor Spirit (PMS) in Nigeria. He attributed this trend to improved pricing, accessibility, and procurement processes within the petroleum sector. Speaking on Saturday, January 11, 2024, Chinedu noted …

NORTH-SOUTH CATTLE TRADE DECLINES by 50 PERCENT Cattle traders are facing an existential threat, especially in the northeastern part of Nigeria, with stakeholders calling for urgent intervention to save the sector. Investigation by Weekend Trust revealed that as a result of the spate of insecurity ravaging parts of the country and the ban on open grazing in some states, with …

FIRST BANK SHAREHOLDERS PLOT REMOVAL OF OTEDOLA AS CHAIRMAN, CALL FOR EXTRA-ORDINARY GENERAL MEETING The crisis in the leadership of First Bank Holdings of Nigeria worsened on Wednesday as a group of stakeholders called for the removal of its board chairman, Femi Otedola, and non-executive director, Mr Julius B. Omodayo-Owotuga. This comes as the group calls for an immediate extraordinary …