JUST IN: CBN announces new ATM transaction fees, effective March 1, 2025
The Central Bank of Nigeria (CBN) has reviewed the transaction fees for Automated Teller Machine (ATM) services, with new charges set to take effect from March…
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Business
Nigerian business and economy news: the naira, CBN policy, inflation, oil and gas, banking, markets, budgets and companies.
Pressure mounts on President Tinubu to retain Mele Kyari as NNPC boss
President Bola Tinubu is reportedly under pressure to retain Mele Kyari aa the Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Corporation (NNPC. The…
BREAKING: Fubara Backs Down, Withdraws Appeal on 2024 Rivers Budget Ruling
Rivers State Governor Siminalaya Fubara has withdrawn his appeal against the Appeal Court ruling that declared the 2024 budget illegal. The withdrawal of the suit was…
Nigerians To Experience Price Hike As NPA Increase Charges by 15%
The Nigerian Ports Authority (NPA) has announced a 15% increase in port charges, marking the first tariff adjustment since 1993. The agency attributed the review to…
Bolt Faces Backlash Over Alleged 50% Fare Cut in Lagos, Drivers Threaten Protests
The Lagos ride-hailing sector is facing renewed scrutiny following claims by the Amalgamated Union of App-Based Transporters of Nigeria (AUATON) that Bolt has implemented a 50%…
Dangote Refinery Exports Jet Fuel to Saudi Aramco
Dangote Petroleum Refinery has exported two cargoes of jet fuel to Saudi Aramco, marking a significant milestone for the $20 billion facility. The achievement highlights the…
One person dead as fight for space turns bloody in Abuja Market
A trader identified as Ifeanyi was killed on Wednesday following a fight with another trader, Eze, over a selling space at Utako Market, Abuja. The dispute,…
Dangote Refinery crashes petrol price to N890 per litre
Dangote Petroleum Refinery has reduced the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, from N950 to N890, effective from Saturday. In a…
We will start paying N77,000 Monthly Allowance once budget is passed – NYSC DG
The Director General of the National Youth Service Corps (NYSC), Brigadier General Yushau Ahmed, has announced that corps members will begin receiving a monthly allowance of…
BREAKING: E-payment transactions hit N1.07 quadrillion in 2024
Electronic payment transactions in Nigeria rose to N1.07 quadrillion in 2024, reaching an all-time high and the first time to hit the quadrillion mark. According to…