JUST IN: CBN directs payment service providers to begin PoS transaction tracking
The Central Bank of Nigeria has directed all Payment Service Providers to route all transactions from PoS terminals at merchant and agent locations — physical or…
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Business
Nigerian business and economy news: the naira, CBN policy, inflation, oil and gas, banking, markets, budgets and companies.
Opay, Moniepoint, Other Fintechs End Free Banking as N50 EMTL Deduction On N10,000 Transfers Begins
Fintech companies, including OPay, Moniepoint and others, have started notifying their customers of plans to begin deduction of N50 Electronic Money Transfer Levy (EMTL) from every…
Dangote Refinery free to sell petrol directly to marketers, says NNPCL
The Nigerian National Petroleum Company Ltd (NNPCL) has said Dangote Refinery and other domestic refiners are “free to sell directly to any marketer on a willing…
CAC threatens to shut down PoS operators as deadline for registration expires
The Corporate Affairs Commission has said it will work with law enforcement agencies and other legal means to shut down recalcitrant Sales Operators who fail to…
“Only Mad People Will Vote Tinubu in 2027” – Sheikh Ibrahim
Renowned Islamic scholar, Sheikh Aliyu Ibrahim, has expressed his dismay over the current economic situation in Nigeria, triggered by the recent increase in the pump price…
Massive Protest In Delta Over Fuel Price Increase
On Wednesday, commercial tricycle operators, popularly known as ‘Keke riders,’ joined forces with a group of disgruntled women and youths in Delta State to stage a…
Nigeria emerges third-largest debtor to World Bank’s IDA, gets $2.2 billion under Tinubu
Nigeria has ascended to become the third-largest debtor to the World Bank’s International Development Association (IDA) as of June 30, 2024, reflecting a significant increase in…
FEC to determine price of petrol from our refinery – Dangote
Businessman, Aliko Dangote, on Tuesday revealed that the Federal Executive Council is working on a new pricing arrangement for petrol produced from the Dangote Refinery. The…
Dangote To Supply 25 Million Litres of Petrol To HouseHolds in September – NMDPRA
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has announced that the Dangote refinery is expected to supply 25 million liters of petrol daily this…
JUST IN: FG increases petrol pump price to N855 per litre
President Bola Tinubu’s administration appears to have upped the petrol price from N650 to N855, according to pump price displays on Tuesday on fuel dispensers at…