Ebenco Refinery Gets NMDPRA Approval, Adds 30,000bpd
Ebenco Global Link Limited secures NMDPRA approval to introduce hydrocarbons into its 30,000bpd modular refinery in Koko, Delta State, after a safety audit.
Category : Business
FG Rules Out Fuel Subsidy Return, Multiple Exchange Rates
FG maintains economic reforms, ruling out fuel subsidies and multiple exchange rates. Minister Oyedele targets 7% growth, warns AI could outpace job creation.
CBN New Dollar Rate as Naira Gains Across Major Currencies
The naira appreciated by 0.07% against the dollar at the official market, closing at N1,331.61/$ as FX supply improved and interbank turnover fell 59% to $201.56 million, narrowing the parallel market gap to 2.88%.
Petrol Landing Cost N1,328, Dangote Revises PMS Prices
Imported petrol landed at N1,328 per litre, close to Dangote’s N1,325 gantry price. MEMAN opposes the proposed N1,350 ceiling, warning of market distortion.
MEMAN Rejects FG's N1,350 Petrol Price Ceiling
MEMAN opposes the FG's proposed ₦1,350 petrol price ceiling, warning it could distort competition without fixing supply issues, and urges market-driven pricing.
Nigerian Students: Get 10 Free Dangote Refinery Shares in 2026
Eligible Nigerian students can get 10 free Dangote Refinery shares by buying at least 10 shares for ₦5,250 before October 27, 2026. Apply via the Aliko Dangote Foundation portal.
Telecom Graduate Trainee Salaries Nigeria 2026: ₦200k-₦350k
Graduate trainees in Nigeria's telecom sector earn ₦200,000-₦350,000 monthly in 2026, says Profolio. Salaries vary by employer, role, and qualifications.
NIPOST Digital Postcode: 6 Ways to Check Your Home Address Code
Nigerians can now check their home addresses and get digital postcodes under a new Federal Government initiative designed to make locating buildings easier nationwide.
Solar Business in Nigeria: Costs, Profits, and Key Steps
Starting a solar installation business in Nigeria costs ₦2.18m–₦4.7m. Learn startup costs, training, NEMSA certification, pricing, and profit strategies.
UBA Wins Court Victory in ₦156.03bn Stallion Debt Case
Federal High Court in Lagos rules in favour of UBA in ₦156.03 billion debt dispute with Stallion Group, upholding receiver-manager appointment and mortgage security.
CSOs Back Ojulari's NNPCL Reforms, Cite N7.2trn Profit
CSOs led by Parliamentary Support Network commend NNPCL's Ojulari for N7.2trn profit, 1.77mbpd production, and N66 fuel discount, urging sustained reforms.
Tesla unveils rocket-powered Roadster, production set for 2028
Tesla showed a rocket-powered Roadster prototype at SpaceX facility in Texas on Oct 15, 2026. Elon Musk targets 2028 production, but experts question sustained flight and practicality.
UBA wins court ruling against Stallion Group in N156bn debt case
UBA secured a Federal High Court ruling in its N156.03 billion debt recovery suit against Stallion Group, with all reliefs granted and the receiver upheld.
Naira Gains 98 Kobo Against Dollar as CBN Releases New FX Rates
Naira appreciated to N1,331.61/$1 at official market on Oct 15, 2026, gaining 98 kobo. It also rose against pound and euro, while FX turnover fell sharply.
Nigerian ISPs can reclaim routers: Airtel, MTN terms explained
Nigerian internet providers like Airtel and MTN can recover company-owned routers after inactivity or cancellation. Learn the terms, deadlines, and what to check before signing up for home broadband.
Obasanjo Backs $1bn Azikel Refinery, Urges 12-Month Completion
Former President Obasanjo commended Azikel Group's $1bn refinery in Bayelsa, urging completion within 12 months. The plant will produce 2.5m litres of petrol and 2m litres of diesel daily.
Netnaija Under NCC Prosecution Over 1,458 Pirated Works
The Nigerian Copyright Commission has opened its case against Netnaija Media Enterprises over alleged piracy of 1,458 music and audiovisual works, with the trial adjourned to November 23, 2026.
Mechanical Engineering in Nigeria: Salaries, Requirements, and Career Guide
Mechanical engineering in Nigeria offers salaries from ₦100,000 to over ₦1.5 million monthly. This guide details admission requirements, top universities, and licensure steps.
NBS: Lagos, Imo, Ondo Top Food Inflation in September
Lagos recorded the highest annual food inflation at 34.4% in September 2026, followed by Imo (33.8%) and Ondo (31.5%), while Taraba saw a -7.5% decline.
Dangote raises petrol price to N1,348, others cut rates
Dangote Refinery increased Lagos depot petrol price by N6 to N1,348 per litre on Oct 15, 2026, while Matrix cut prices in Port Harcourt and Calabar, showing mixed market movements.
Nigeria Inflation Drops to 14.63% in September, Food Prices Fall
Nigeria's headline inflation fell to 14.63% in September 2026 from 15.39% in August, as food inflation dropped month-on-month, according to the NBS.
Legit.ng Editor Selected for MTN Pan-African Media Programme
Dave Ibemere, Legit.ng's senior business editor, is among 42 journalists from 10 African countries chosen for the inaugural MTN Pan-African Media Innovation Programme, delivered with the University of Johannesburg and the African Editors Forum.
Dangote Refinery IPO: N50,000 Investors Prioritised
Aliko Dangote says investors applying for N50,000 or less will get priority in the Dangote Refinery IPO. The offer deadline has been extended as the roadshow concludes in Port Harcourt.
Naira Gains Against Dollar at Official and Parallel Markets
The naira appreciated at both official and black market windows on October 14, 2026, with interbank turnover surging 426.9% to $490.855 million, while analysts expect relative stability.
GOtv Smallie: Price, Channels, and How to Subscribe in Nigeria
GOtv Smallie costs ₦1,900 monthly in Nigeria with 35+ channels. It excludes African Magic and BBNaija. Subscribe via USSD *288#, MyGOtv app, or website.
NGX Gains N103.9bn as Oil, Banking, Insurance Stocks Rally
The Nigerian stock market gained N103.90 billion on Wednesday as the All-Share Index rose 0.065%, driven by oil, banking, and insurance stocks.
WhatsApp Launches Guest Calling Feature Similar to FaceTime
WhatsApp introduces guest calling, letting non-users join voice and video calls via links, with up to 32 participants, no time limits, and end-to-end encryption.
Meta removes 3.7m scam accounts in West Africa crackdown
Meta removed over 3.7 million Facebook and Instagram accounts linked to West African scam networks. The coordinated operation led to 28 arrests and 117 victims rescued in Ghana.
OPPO A7 Pro Launches in Nigeria with 50MP AI Selfie Camera
OPPO A7 Pro debuts in Nigeria with a 50MP Ultra-Wide AI Zoom Selfie Camera, 100° field of view, Natural Tone, and 5G models priced from ₦569,800.
Lagos Gives Telecom Firms 30 Days to Verify Betting Licences
Lagos State orders telecom firms and VAS providers to verify gaming licences within 30 days and submit transaction records for tax assessment, citing a Supreme Court judgment.
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