Business

NIN-SIM Saga: Thousands Storm Telcos’ Offices as Lines Remain Barred

Thousands of Nigerians have besieged telecommunication stores across the country, seeking to resolve issues with their barred lines, despite earlier linking their National Identification Numbers (NIN) to their SIMs. The…

August 14, 2025

Business

Dangote Refinery to Divest 12.75% Stake to New Investors After NNPC Withdrawal

The Dangote Oil Refining Company (DORC) plans to divest a 12.75% stake in its refinery to new investors after the Nigerian National Petroleum Corporation (NNPC) Limited withdrew from fulfilling…

August 14, 2025

Business

FG Targets 6,000MW Power Generation by 2025 – Minister

The Federal Government has announced plans to achieve a power generation target of at least 6,000 megawatts by the end of 2025. This was confirmed by the Minister of…

August 14, 2025

Business

Edo Refinery Gets Operational Licence

The Nigerian Midstream and Downstream Petroleum Regulatory Authority has issued an operational licence to Edo Refinery and Petrochemical Company Limited, Ologbo, in Edo State. The licence, handed over to…

August 14, 2025

Business

Nigerian Shippers’ Council Saves N31bn from Demurrage Applications

The Nigerian Shippers' Council (NSC) has announced a remarkable achievement in the area of demurrage applications, saving a substantial sum of N31.1 billion between January and June 2024. According…

August 14, 2025

Business

Healthy Food Costs Rise to N1,265 in Nigeria – NBS

Nigeria's average cost of a healthy diet has risen to N1,265, a 1.9% increase from the previous month, according to data from the National Bureau of Statistics. The…

August 14, 2025

Business

Bill Gates Slams Nigeria’s Low Tax Collection Rates

Nigeria's tax collection rates are "pretty low" and pose a great challenge to financing critical sectors like health and education, according to Bill Gates, co-chair of the Bill and Melinda…

August 14, 2025

Business

Oil Marketers Complaining to Tinubu over Price Drop – Dangote Refinery

Dangote Refinery has said that oil marketers are complaining to President Bola Tinubu about the drop in price of its diesel to N900 per litre, claiming it is negatively affecting…

August 14, 2025

Business

Nigerians to Pay Reduced Cybersecurity Levy on Electronic Transactions

Nigerians will soon face a reduced cybersecurity levy of 0.005% on all electronic transactions, as announced by the Central Bank of Nigeria (CBN). This follows a significant backlash earlier this…

August 14, 2025

Business

Urgent Recall Issued for 194,000 Jeep SUVs Over Fire Risk

A global recall has been issued for nearly 200,000 Jeep Sport Utility Vehicles (SUVs) due to a fire risk. While the recall primarily affects vehicles in the United States (US),…

August 14, 2025