Business

The Kano State Government has suspended 22 widely viewed Hausa drama series as part of its effort to enforce state film censorship laws and strengthen regulatory standards in the Kannywood industry. The suspension was announced on…

Two years after President Bola Ahmed Tinubu’s administration pledged a ₦200 billion intervention fund to bolster Nigeria’s struggling manufacturing sector and micro, small, and medium-sized enterprises (MSMEs), the initiative has largely…

The long-awaited launch of the Pi Open Network has finally been confirmed for February 20, 2025, marking a major milestone for the blockchain-based cryptocurrency after six years of development and millions of engaged users. The…

ABUJA, Nigeria – The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has accused oil producers of diverting 500,000 barrels per day (bpd) of crude oil meant for domestic refineries to foreign markets. PETROAN’s…

LAGOS, Nigeria – Dangote Petroleum Refinery has achieved a major milestone by successfully exporting two cargoes of jet fuel to Saudi Aramco, the world’s largest oil producer. President of Dangote Group, Aliko Dangote, made the…

In a significant move for Nigeria’s fuel market, Dangote Refinery has reduced the pump price of petrol from ₦950 to ₦890 per litre, with the new rate taking effect from Saturday, 1st February 2025. In an official statement, the refinery…

Nigeria has seen a remarkable surge in Compressed Natural Gas (CNG) conversion centres, rising from seven in 2023 to 158 in 2024 – a staggering 2,000% increase. Engr. Michael Oluwagbemi, CEO of the Presidential Committee on…

The Senate, on Wednesday, amended a bill to prohibit the export of unprocessed maize, introducing a minimum one-year jail term for offenders exporting maize in large commercial quantities. The bill, initially passed by the House…

Deposit Money Banks in the Federal Capital Territory (FCT) have increased their daily over-the-counter withdrawal limit to ₦50,000, a significant rise from the previous cap of ₦5,000. A survey conducted by The PUNCH on Tuesday…

The price of Liquefied Petroleum Gas (LPG) has soared across Nigeria, defying the federal government’s export ban intended to stabilise domestic supply. Consumers have reported increases of up to 58.68% over the past year, with a 12.5kg…

After years of stalled progress and missed deadlines, Nigeria's Port Harcourt Refinery has resumed crude oil processing, operating at 60% of its capacity, according to the Nigerian National Petroleum Company Limited (NNPCL). …

The Federal Government has revealed plans to privatise Nigeria’s four state-owned refineries in Port Harcourt, Warri, and Kaduna as part of its oil sector reforms. Sunday Dare, Special Adviser on Media to President Bola Tinubu,…

The National Bureau of Statistics (NBS) report showing 3.46% GDP growth and a 4.6% unemployment rate has been met with scepticism by the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA). …

The Dangote Petroleum Refinery has announced a reduction in its ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, to ₦970 per litre. The move, disclosed on Sunday, aims to appreciate Nigerians for their support and…

The Jigawa State Government has declared its ambition to achieve the leading position in Nigeria’s ease of doing business rankings, building on its impressive performance in 2023. Dr. Zakkiyu Muhammad, the Secretary, and Legal…

In a strategic shake-up aimed at boosting operational efficiency and governance, the Board of Directors of NNPC Limited announced key executive appointments in a statement released on Wednesday night. Chief Corporate Communications…

In a bid to alleviate financial pressures on low-income workers and stimulate economic growth, the Federal Government has introduced a legislative bill proposing a 50% tax relief for companies that raise salaries or offer transport…

The Manufacturers Association of Nigeria (MAN) has raised fresh concerns over the crippling impact of a 250% electricity tariff hike, warning that no manufacturer can sustain operations under such a sudden and steep increase. The hike,…

The Federal Government, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), has introduced new, consolidated regulations for obtaining petrol import licences and overseeing petroleum operations. This…

Nigerians have once again been thrown into widespread darkness as the national electricity grid collapsed on Tuesday morning, less than 24 hours after a similar failure on Monday evening. The frequent disruptions continue to strain the…