Business

Subscribers to pay TV services have berated MultiChoice Group for announcing that its Nigerian unit, MultiChoice Nigeria, lost 243,000 subscribers on its Digital Satellite Television (DStv) and GOtv services within six months. The News…
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The Nigerian National Petroleum Company Limited (NNPCL) says it has reached the mark of 1.8 million barrels per day of crude oil production. The oil company which made the announcement on Thursday, also stated that it is set to hit the…
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Governor of the Central Bank of Nigeria, Olayemi Cardoso, has stated that the new capital requirement for banks operating in the country will enhance their capacity to drive financial inclusion. Cardoso made this statement on Tuesday at…
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The Nigeria Deposit Insurance Corporation (NDIC) says the sale of Heritage Bank assets will begin on December 4, 2024. In a statement on Sunday, Bashir Nuhu, NDIC’s director of communication and public affairs, said the commission has…
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The estimated cost of landing petrol, on Nigeria’s shores, has seen a considerable reduction of 20.34 per cent, dropping to N971.57 per litre over the past three months. This decline in landing cost, which reflects the price of…
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Nigeria’s Ngozi Okonjo-Iweala has emerged as the sole candidate for the role of director-general at the World Trade Organisation (WTO). The WTO said the former Nigerian finance minister agreed to a second term for the organisation’s top…
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The Electricity Distribution Companies (DisCos) in Nigeria have announced new prices for various electricity meter models, marking the second price hike in four months. The new prices, effective from Tuesday November 5, 2024, shows the…
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Dangote Refinery has disclosed the price of its petrol, saying that it sells at N990 per litre in trucks and N960 per litre into ships. The disclosure follows the Independent Petroleum Marketers Association of Nigeria (IPMAN) and…
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The Dangote Refinery says it has not received any payment from the Independent Petroleum Marketers Association of Nigeria (IPMAN) for refined petroleum products. In a statement on Thursday, Anthony Chiejina, the company’s group chief…
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The Nigerian National Petroleum Corporation Limited (NNPCL) has announced a new pump price of petrol for the second time in three weeks. The organization said petrol now sells at N1,020 at its outlets in Lagos and N1,050 in Abuja. On…
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