Dangote Refinery Slashes Petrol Price by N200
Dangote Refinery has cut its ex-depot petrol price by over N200 per litre since May 30, 2026, with the latest reduction to N1,075. Further cuts are expected as cheaper crude inventories enter production.
Category : Business
Corn seller claims N2.5 million monthly profit sparks debate
A Nigerian woman who sells roasted corn claims she earns N2.5 million monthly, reigniting debate about low-capital businesses after First Lady Remi Tinubu's advice.
NNPCL Slashes Petrol Price N110 in Two Weeks, Now N1,150
NNPCL cuts petrol price to N1,150 per litre, a N60 reduction, totaling N110 in two weeks amid falling crude oil and competition from Dangote Refinery.
Nigerian Stocks Fall 1.21% as Investors Take Profits
Nigerian equities ended last week in the red as investors booked gains, pushing the All-Share Index down by 1.21% to 229,240.34 points, with market cap falling to N147.103tn.
NGX Sell-Off: 3 Tests for Picking Stocks in H2 2026
Amid the NGX sell-off, investors can use three fundamental tests—earnings quality, debt levels, and cash flow—to identify resilient stocks for H2 2026.
CPPE Forecasts Stronger Nigerian Economy in H2 2026
The CPPE projects stronger Nigerian economic growth in H2 2026, citing lower inflation, exchange-rate stability, and improved investor confidence, while warning of election risks.
Dangote: Private Investment in Fisheries Can Create 500,000 Jobs
Aliko Dangote says increased private investment in Nigeria's fisheries value chain could create over 500,000 jobs, reduce imports, and boost exports, strengthening the economy.
Benin, Togo, Niger Owe Nigeria N17.45 Billion in Electricity Debt
Three West African countries owe Nigeria N17.45 billion in electricity debt for Q1 2026, with only 27.57% of $17.48 million invoices paid, worsening power sector liquidity issues.
Corn Seller Claims N2.5 Million Monthly, Sparks Debate
A corn seller's claim of earning N2.5 million monthly in a viral TikTok video has sparked intense debate, with critics questioning the feasibility and supporters defending the roadside business.
Akara Seller Since 1998 Reveals 3 Achievements
A Nigerian man who started an akara business in 1998 says he used it to send children to university, buy a car, and build a house, highlighting the risk of handling hot oil.
Naira Stable at N1,370/$ as CBN Boosts FX Liquidity
The Nigerian naira stabilised at N1,370.1904 per US dollar despite reduced trading activity, as CBN intervention strengthened the market and global oil prices rose slightly.
Nigeria Filling Stations Cut Petrol Prices After Dangote Refinery Reduction
Filling stations across Nigeria have reduced petrol prices after Dangote Refinery cut its ex-depot price to N1,075 per litre, with pump prices now ranging from N1,205 to N1,240 per litre in Abuja.
Why Parts of Lagos Keep Flooding: Kunsela, Ologolo, Gbagada
Lagos faces recurring floods in Kunsela, Ologolo, Gbagada due to poor drainage, climate change, and urbanisation, according to experts.
Ecobank Introduces 0.3% Charge Plus VAT on FCY Transfers
Ecobank Nigeria has announced a 0.3% fee plus 7.5% VAT on foreign currency transfers within the bank effective July 1, 2026, with exemptions for transfers to own accounts.
FG Launches Phase 2 of TVET Programme for Youth Skills
The Federal Government has launched phase 2 of the TVET programme to equip young Nigerians with practical skills, stipends, and job opportunities, aiming to reduce unemployment and promote economic empowerment.
EKEDC Lists Lagos Communities Hit by Power Outage Due to Rain
Eko Electricity Distribution Company (EKEDC) has announced a temporary power outage in several Lagos communities due to flooding affecting TCN substation infrastructure.
Chinese Engineers Assess Warri Refinery for Revival
Chinese engineers have begun a technical assessment of Nigeria's Warri Refinery, aiming to restore it to full operations within 24 months under NNPCL's new modernization plan.
Everton Sign Tyrique George from Chelsea in £24m Deal
Everton have completed a permanent deal worth up to £24 million to sign Chelsea winger Tyrique George, who remains eligible to represent Nigeria, England, or Ghana at senior international level.
AXA Mansard Non-Executive Director Melina Cotlar Resigns
Melina Cotlar has resigned as a Non-Executive Director at AXA Mansard Insurance Plc, effective 29 May, after serving since April 2023. The board commended her contributions.
Beyond Job Descriptions: Building Future Career Value
Discover how exceeding job expectations builds long-term career value. Learn from James' transformation from minimal effort to promotion and market recognition.
Dangote Refinery Cuts PMS Price by N50, Fourth Reduction
Dangote Refinery announces fourth PMS price cut in a month, reducing ex-depot price by N50 per litre to N1,075, citing lower production costs despite high crude purchase prices.
Tinubu inaugurates West Africa's largest lithium plant
President Tinubu inaugurated West Africa's largest lithium processing plant in Nasarawa, with 6,000 tonnes daily capacity, emphasizing local processing to create jobs and drive industrial growth.
HGL Real Estate Acquires 14.1% Stake in Ikeja Hotel
HGL Real Estate, an affiliate of Honeywell Group with no known website, has acquired a 14.1% stake in Ikeja Hotel Plc, valued at over N13.2 billion, becoming the second-largest shareholder.
AGNES Urges Nigeria to Accelerate Clean Cooking Implementation
The African Group of Negotiators Experts Support (AGNES) has urged Nigeria to accelerate nationwide implementation of clean cooking initiatives to improve health, reduce emissions, and meet climate goals.
NBMA disposes 950kg unapproved GM cotton seeds, sanctions firm
The National Biosafety Management Agency has disposed of 57 cartons of unapproved transgenic hybrid cotton seeds weighing 950 kg and sanctioned Fiyah Global Concept Limited for regulatory breach.
Africa's New Credit Rating Agency: Can It Correct Big Three Bias?
The African Union launches AfCRA in 2025 to counter perceived bias by S&P, Moody's, and Fitch. Studies suggest underrating by 0.5-1 notches, but success hinges on independence and transparency.
PZ Cussons posts N260.46bn revenue, 388% profit surge
PZ Cussons recorded N260.46 billion in revenue for 2026, a 22% increase, while profit surged 388% to N49.10 billion, driven by brand strength and execution discipline.
FG Launches E-Cooking Initiative for Clean Energy
Nigeria's federal government launches a national initiative to integrate electric cooking into the Clean Cooking Policy, aiming to reduce emissions, improve health, and mobilise climate finance.
Betjara 200% Casino Welcome Bonus – Boost Your First Deposit
The Betjara 200% Casino Welcome Bonus matches your first deposit by 200% up to N150,000, giving new players extra funds to explore slots, roulette, blackjack, and more.
FCTA Clean Gas Initiative Reaches 10,000 Households
The FCTA's Abuja Breathe Clean Air Initiative, supported by IHS Nigeria, has provided cleaner cooking gas to about 10,000 households across six Area Councils, reducing indoor air pollution and health risks.
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