Lagos businesses get hope as 40MW power plant nears completion
Elektron Energy's 40MW embedded power plant in Victoria Island, Lagos, is almost ready for commissioning, promising reliable electricity and reduced diesel dependence for businesses.
Category : Business
Petrol Prices Rise in Abuja as Dangote Refinery Hikes Gantry Price
Abuja filling stations raise petrol prices to N1,275 per litre after Dangote Refinery increased gantry price to N1,200, IPMAN confirms.
Petrol Price Hits N1,300 After Dangote Refinery’s Fresh Increase
Dangote Refinery raised petrol price to N1,200 per litre, pushing pump prices to N1,300 in some areas. IPMAN says volatility hurts marketers and consumers.
Dangote Suspends Lagos Petrol Supply as Prices Hit ₦1,200
Dangote Refinery suspends coastal petrol sales to Lagos, redirecting supply to areas lacking imports, as prices cross ₦1,200 per litre.
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AECAF Backs New WEC Nigeria Leadership, Urges Stronger Global Role
AECAF congratulates Abdulrazaq Isa and Bala Wunti on their WEC Nigeria appointments, urging the new board to champion a balanced energy transition and stronger global influence for Nigeria.
UAE 60-Day Single-Entry Visa: Fees, Urgent Cost, Duration
UAE sets 60-day single-entry visa fees: $325 standard (1-3 working days) or $375 urgent (36 hours). Validity starts on arrival; exit voids visa.
OPay Plans NGX Listing, Giving Nigerians Access to Fintech Giant
OPay is set to list on the Nigerian Exchange, allowing local investors access to the fintech that processed $358bn in 2025, with a US IPO targeting $4bn valuation.
Ubi Franklin Claims Tech to End Lagos Flooding
Music executive Ubi Franklin says he has technology to clear blocked gutters and gullies across Lagos, citing his 2018 flood experience, and is ready to meet Commissioner Tokunbo Wahab.
Okin Biscuits Restarts Production in Offa After 17 Years
Okin Biscuits has restarted production at its Offa, Kwara State factory, marking the first time biscuits have come off the line in 17 years. The company confirmed that full commercial production has not yet resumed, with testing and calibration still ongo
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UAE Lists 5 Urgent Visa Fee Mistakes Foreigners Must Avoid
The UAE government has identified five common errors foreigners make when paying urgent visa fees, including document issues and timing mistakes that can cause delays.
NGX Falls 0.17% as Investors Sell, Market Cap Loses N260bn
NGX fell 0.17% on Wednesday, ASI down 402 points to 238,682.92, market cap lost N260bn to N154.137tn, with Neimeth and NEM Insurance gaining.
Accord Party's Hashim Vows Petrol at ₦605/Ltr Starting Price
Accord Party presidential candidate Gbenga Olawepo-Hashim has vowed that petrol will sell at ₦605 per litre as a starting sustainable price under his administration, with a long-term target of ₦200 per litre, if he wins the 2027 election.
CSCS Proposes 50% Cut in Retail Lien Fees, Scraps Family Transfer Charges
CSCS proposes halving retail lien fees to 0.125% and removing charges on family transfers, cutting stockbroker costs in Nigeria's capital market.
Dangote Warns as Nigeria's Petrol Imports Hit 43% in July
Nigeria's petrol imports surged to 43% of total supply in July, prompting Dangote Refinery to warn it may export surplus fuel as domestic demand forecasting becomes difficult.
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Tourist exposes N30,000 airport ride cost after FAAN bans Uber, Bolt
A tourist revealed he was charged N30,000 for a short Ikeja ride via FAAN's ACHRAMS after Uber and Bolt were banned at Lagos airport, compared to his usual N6,000-N8,000.
Malta Sets 15% Flat Tax on Income Remitted by Permanent Residents
Malta confirms permanent residents must pay 15% tax on income brought into the country, with double tax treaties potentially reducing or eliminating home-country taxes.
MultiChoice CEO Unveils Next Phase with Double Subscription Offers
MultiChoice Nigeria CEO Kemi Omotosho unveils a new growth phase, expanding beyond pay-TV into the creative economy, while DStv introduces flexible streaming options and steps up anti-piracy efforts.
Ikeja Electric Announces Power Outage in Lagos Until September 3
Ikeja Electric begins maintenance at Oworo 3x15 MVA Injection Substation, causing power interruptions in affected Lagos communities until September 3, 2026.
Xiaomi Redmi 17 Debuts with 7,500mAh Battery and 50MP Camera
Xiaomi launches Redmi 17 with a 7,500mAh battery, 50MP camera, and 6.9-inch 120Hz display, available in 4G and 5G versions for Nigerian and global markets.
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Crude Oil Drops Nearly 9% as Iran, Oman Reopen Strait
Crude oil prices plunged nearly 9% after Iran and Oman agreed to reopen the Strait of Hormuz, easing supply disruption fears and boosting global market stability.
Heirs Holdings Opens Graduate Trainee Applications for 2026 Cohort
Heirs Holdings opens applications for its 2026 Heirs Academy Graduate Trainee Programme. Eligible candidates need a 2:2 degree, NYSC completion, and must be 27 or younger. Deadline: September 4, 2026.
Naira Hits N1,838/£ as Traders Await US Inflation Data
The naira depreciated to N1,838 per British pound in the official market as traders await US inflation data that could influence global currency markets and capital flows.
SureGifts Report: Nigeria Corporate Rewards Hits N150bn
Nigeria’s corporate rewards economy hits N150bn. SureGifts launches 'Beyond Cash' report revealing trends in employee incentives, customer loyalty, and the shift to digital gifting.
Ogun Community Alarms Over Farmland Invasion, Appeals for Intervention
Residents of Ajogbo Akia in Ogun State report unidentified individuals destroyed crops and ancient palm trees on ancestral land, prompting a police petition and appeal for government intervention.
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CBN to Sell N700bn Treasury Bills in Second August Auction
The Central Bank of Nigeria will auction N700 billion in treasury bills today, its second August sale, to manage liquidity and fund government obligations.
Eagle Online Founder Dotun Oladipo Dies at 56
Dotun Oladipo, founder of Eagle Online and CEO of Premium Eagle Media, died Tuesday in Lagos at 56 after falling ill at his office. GOCOP confirmed the news.
Dangote raises petrol price to N1,200 per litre
Dangote Refinery increased petrol gantry price from N1,185 to N1,200 per litre effective August 26, 2026, citing revised pricing for coastal deliveries, potentially pushing pump prices to N1,250.
Dangote Raises Petrol Price to N1,200, Second Hike in 7 Days
Dangote Refinery raised petrol gantry price to N1,200 per litre, its second hike in a week, surpassing Lagos depot rates and prompting expected retail price reviews.
MTN Eyes Banking Licences to Take On OPay, Moniepoint in Lending
MTN Group is exploring banking licences in select African markets to compete with digital lenders like OPay and Moniepoint, CEO Ralph Mupita announced on Tuesday.
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NNPCL Raises Petrol to N1,270; Dangote Adjusts to N1,200
NNPCL raises petrol price to N1,270 per litre in Abuja; Dangote Refinery adjusts to N1,200. Experts predict further hikes to N1,300 amid falling crude prices.
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