August 2, 2025

Business

Business

Oil Marketers Laments Fluctuating Petrol Prices, Saying Their Businesses Are Threatened.

Oil marketers have expressed displeasure over the negative impacts of the unstable pricing index for the nation’s Premium Motor Spirit otherwise known as Petrol, saying the flip+flop is now threatening their businesses. The President of the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), Billy Gilly-Harris, raised the concerns. According to Gilly-Harris, fluctuating petrol

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Business

Renewable Electricity Supply Receives Whooping $950M In Nigeria- REA

The Managing Director, Rural Electrification Agency (REA), Abba Aliyu, has said that Nigeria has so far secured $950 million in funding for its Distributed Access through Renewable Energy Scale-up (DARES) programme. Aliyu disclosed the development on Monday in Abuja during a renewable energy service company collaborative agreement signing ceremony with nine companies. HeAliyu the Federal

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Business

Naira Devaluation Boosts Nigeria’s Economic Competition By 25-yrs – Chatham House

The Nigeria’s Naira flipflops in the foreign exchange market, has been described as a bold economic step that has provided competitive leverage for the country in the global economic competition. Since the assumption of Office of President Bola Tinubu, the Naira has been devalued by more than 70 percent. It fell from 460 to the

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Business

NNPCL Clears Air On Naira + Crude Contract With Dangote Refinery –

The Nigerian National Petroleum Company Limited (NNPCL) has reacted to the recent reports circulating on the social media regarding it’s alleged unilateral termination of the crude oil sales agreement in Naira between it and the Dangote Refinery .Clarifying the situation in a statement on Monday, the NNPCL Chief Corporate Communications Officer, Olufemi Soneye, said the

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Business

Lagos State Electricity To officially Takes Over Regulatory Control From Ikeja Electricity (IE) And Eko Disco –

The Lagos State Government has officially taken control of the state’s electricity market, following the official transfer of regulatory power from the Nigerian Electricity Regulatory Commission (NERC) to the Lagos State Electricity Regulatory Commission (LASERC). The shift is in alignment with the Electricity Act 2023 and recent constitutional amendments that empower states to regulate their

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Business

Fuel Subsidy Removal: Bold Decision Helps Secure Future of Unborn Generations – Tinubu

ABUJA — President Bola Tinubu reiterated yesterday that the removal of the fuel subsidy is a measure to safeguard the future of unborn generations. Speaking at the inauguration of the National Youth Congress Planning Committee at the Council Chambers, Presidential Villa, Abuja, Tinubu emphasized his administration’s dedication to youth empowerment and the creation of a

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Business

Nigeria Customs Intercepts Smuggled Petrol Worth ₦238 Million.

The Comptroller-General of Customs, Bashir Adeniyi said the seizures were made in less than three months as part of its ongoing anti-smuggling operation tagged “Operation Whirlwind.” Adeniyi also highlighted recent seizures made by the operation at the Federal Operations Unit in Ikeja. He attributed the smuggling of petrol to significant price disparities across Nigeria’s borders,

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Business

Firms collaborate to empower vulnerable children.

Pinnah Foods Limited, the parent company of The Ice Cream Factory and Yin Yang Express, has announced a strategic partnership with The Destiny Trust Children Foundation to support the education, shelter, and empowerment of vulnerable children in Nigeria. At a formal signing of a Memorandum of Understanding ceremony held recently at Pinnah Foods’ head office

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Business Politics

Naira rally puts currency speculators on edge

Foreign exchange speculators are afraid of their investments being wiped off as the naira sustains stability against major currencies, writes FELIX OLOYEDE Despite the 3.2 per cent month-on-month dip in the country’s external reserves to $38.46bn at the end of February, the naira strengthened by 8.5 per cent month-on-month to 1,490/$ on the parallel market

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Business Politics

NASFAT Opens N300m Investment Opportunity in Private Placement, Hosts Iftar for Potential Investors

NASFAT Opens Investment Opportunity in Lasiilkiin Communications, Hosts Iftar for Potential Investors In a bold step to enhance its media presence, NASFAT has launched a 300-million-naira investment opportunity in Lasiilkiin Communications, its media subsidiary. The initiative, led by Alhaji Isiaq Ajibola, aims to transition Lasiilkiin Communications from an online platform to a full-fledged terrestrial radio

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