Today, May 26, 2025, we commenced enforcement on the 4,794 properties revoked for non-payment of Ground Rent, from 10 to 43 years. Properties owned by government institutions, corporate organisations and individuals were affected. This demonstrates the Federal Capital Territory Administration’s…
Fidelity Bank Plc has refuted the allegations published by a media organisation on May 21, 2025, accusing the Bank’s Managing Director/CEO, Dr. Nneka Onyeali-Ikpe, of engaging in insider trading. In a formal statement released to NGX Regulation Limited (NGX) and…
The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced that the country’s Port Harcourt Refining Company (PHRC) will undergo a planned maintenance shutdown. The scheduled maintenance and sustainability assessment will commence today, Olufemi O. Soneye, Chief Corporate Communications Officer,…
President Bola Tinubu on Thursday said the economic reforms of his administration are yielding the desired results. Speaking at the All Progressives Congress (APC) National Summit at the banquet hall of the State House in Abuja, Tinubu said the ruling…
The Dangote Petroleum Refinery has announced a fresh cut in the pump prices of Premium Motor Spirit (petrol) nationwide. The new rates now range from ₦875 to ₦905 per litre, depending on location. A breakdown of the revised prices shows,…
The Federal Government plans to raise a total of ₦300 billion in revenue from the domestic bond market in May 2025. The auction will be held on May 26, with settlement slated for May 28, 2025. The bond market remains…
President Bola Tinubu has inaugurated the new board of the Nigerian National Petroleum Company Limited (NNPCL) and charged them to use their wealth of experience to turn the country’s economy around. Tinubu inaugurated them in Abuja on Thursday, urging the…
Fidelity Bank Plc has issued a strong statement refuting an online publication claiming that the bank is facing bankruptcy due to a Supreme Court order requiring it to pay N225 billion in damages to a Nigerian firm. In a statement…
The Dangote Petroleum Refinery and Petrochemicals has revealed plans to partner with an international petrochemicals distribution company, Vinmar Group, to export Dangote polypropylene to global markets. The refinery began 25kg bag polypropylene production in March for the local market. Nigeria…
South Africa’s competition authority announced Wednesday it had approved the buyout of Africa’s largest pay TV enterprise, MultiChoice, by France’s Canal+, which wants to expand its footprint on the continent. The merger, which has been in the works for nearly…
STATEHOUSE PRESS RELEASE Minister of Works Senator Dave Umahi said all the governors in the Southeast region are supporting President Bola Tinubu and urged the undecided, such as former governor Peter Obi, to join the train. He also said a…
Oil prices slipped on Monday after Moody’s downgraded the U.S. sovereign credit rating and official data showed a slowdown in the pace of China’s industrial output and retail sales. Front-month Brent crude futures edged down 37 cents, or 0.57%, to…
Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has revealed that preparations for the launch of the African Energy Bank (AEB) have entered their final phase. AEB, a newly established financial institution created to support energy development across…
Oil prices slipped on Monday after Moody’s downgraded the U.S. sovereign credit rating and official data showed a slowdown in the pace of China’s industrial output and retail sales. Front-month Brent crude futures edged down 37 cents, or 0.57%, to…
Nigeria’s headline inflation rate eased to 23.71% in April 2025, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS) on Thursday. The statistics office said the April 2025 headline inflation figure represents…