ABUJA – Nigeria’s Senate has approved the 2025 Appropriation Bill, a massive ₦54.99 trillion spending package, setting the stage for the government’s financial priorities in the coming year. The bill passed on Thursday in the Senate chamber. What’s inside this…
In a bold move to protect consumers, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has launched a sweeping crackdown on fuel stations in Ogun State accused of shortchanging customers by under-dispensing petrol. The operation, spearheaded by NMDPRA’s State…
The Nigerian Railway Corporation (NRC) partnered with A.P. Moller Terminal Apapa. They launched the Lagos-Ibadan freight train service. A ceremony at the A.P. Terminal marked the beginning of this service, which reduces congestion at the Apapa port in Lagos. The…
The Central Bank of Nigeria (CBN) announced higher ATM withdrawal fees. These fees affect Automated Teller Machines (ATMs) at commercial banks. A CBN circular said the extra charges start March 1, 2025. The CBN gave two reasons: rising operational costs…
Many Nigerians are angry. Nigeria’s largest telecom operator, MTN, implemented a significant MTN Data Tariff Increase. The Nigerian Communications Commission (NCC) approved the price increase in January. Data prices jumped by 50%. Some plans now cost up to N90,000 more;…
The Nigeria Extractive Industries Transparency Initiative (NEITI) has revealed that Nigeria raked in an impressive $831.14 billion in revenue from the oil and gas sector between 1999 and 2023. This substantial Nigeria oil and gas revenue figure highlights the sector’s…
The federal government has prohibited the export of crude oil meant for domestic refineries, aiming to boost local refining capacity, reduce the importation of refined petroleum products, and ease pressure on foreign exchange supply. The Nigerian Upstream Petroleum Regulatory Commission…
The African market, including Nigeria, is bracing itself for a new scramble as the tariff war between the US and its top trading partners, Canada, China, and Mexico, intensifies. This Nigeria trade war US-China Mexico Canada scenario means that Nigeria,…
The Petroleum Products Retail Outlet Owners Association (PETROAN) has announced that its members have commenced loading petroleum products, including dual-purpose kerosene, automotive gas oil, and premium motor spirits, at the Port Harcourt and Warri refineries. This development is sparking hopes…
The Dangote Petroleum Refinery has announced a reduction in the ex-depot price of Premium Motor Spirit (PMS), also known as petrol, from N950 to N890 per litre. The new price takes effect immediately from Saturday, February 1, 2025. According to…
