The Federal Inland Revenue Service has received the commendation of analysts for collecting N1.56tn in its Value Added Tax collections in the second quarter of the year. A report released…
Category: BUSINESS
NGX investors lose N111bn on Monday as ASI declines
The Nigerian Exchange Limited has continued the week on a negative note as investors recorded N111 billion loss on Monday. This comes as NGX market capitalization, which opened at N55.394…
NNPC: Dangote Refinery Free to Sell Products Directly to Marketers
The Nigerian National Petroleum Company Limited (NNPCL) yesterday clarified that the Dangote Refinery and any other domestic refinery are free to sell petroleum products directly to any marketer on a…
Moniepoint, Opay impose fresh N50 fees on customers in Nigeria
There are more burdens on Nigerians as Moniepoint, Opay and other Fintech banks and financial services have imposed fresh N50 charges known as Electronic Transfer Levy, EMTL, on customers. Newsmen…
Naira depreciates further on Wednesday
The naira continued to depreciate against the dollar in the foreign exchange market. FMDQ data showed that the naira fell further to N1625.88 per dollar on Wednesday. This represents N14.54…
188 oil theft cases recorded in one week – NNPC
The Nigerian National Petroleum Company Limited has disclosed that 188 incidents of oil theft were recorded in the past week. The state-owned energy company said the incidents were recorded from…
Dangote Refinery petrol ready for sale at fuel stations
As Dangote Refinery rolled out petrol from its plant yesterday, Nigerians will be able to buy the product produced by the firm from tomorrow. In a major domestication of the…
Banks’ borrowing from CBN falls 76% to N4trn
Banks borrowing from the Central Bank of Nigeria, CBN, Standing Lending Facility, SLF, fell by 76.4 percent month-on-month, MoM, to N4.04 trillion in August from N17.12 trillion in July. Details…
Dangote petrol ready for rollout
The Dangote Petroleum Refinery is set to roll out the sale of Premium Motor Spirit, otherwise known as petrol, newsmen can report authoritatively. This is coming a few days after…
$6b debts may affect petrol supply, says NNPCL
Oil giant Nigeria National Petroleum Company Limited (NNPCL) yesterday admitted that its financial strain may affect the sustainability of petrol supply. Its admittance came on the heels of reports that…
