Imported Petrol Landing Cost Drops to ₦797.66/Litre
The cost of importing Premium Motor Spirit (petrol) into Nigeria has dropped to ₦797.66 per litre, down from ₦817.82 per litre last week. This comes as oil marketers consider reducing…
FG, Foreign Airlines Open Talks on Soaring Ticket Prices
The Federal Government is taking steps to reduce the high cost of air tickets for both domestic and international travel while also working on improving airport security. Minister of Aviation…
CBN’s Strategy for Naira Stability and Inflation Control Explained
The Central Bank of Nigeria (CBN) has taken significant steps to stabilize the naira and control inflation. At its 299th Monetary Policy Committee (MPC) meeting on February 19 to 20,…
MTN Records ₦400bn Loss as Naira Devaluation Impacts Earnings
MTN Nigeria has reported a ₦400.44 billion loss for the 2024 financial year, citing the sharp devaluation of the naira as a major factor. The loss, revealed in the company’s…
Airlines Hit with Penalties Push for Talks with NCAA
Several airlines penalized by the Nigeria Civil Aviation Authority (NCAA) have reached out to the regulatory body, requesting a meeting to present evidence that they have addressed the issues that…
Naira Gains Strength, Hits ₦1,494.03/$ at Official Market
The naira appreciated to ₦1,494.03/$ at the official market yesterday. Similarly, it gained value in the parallel market, trading at ₦1,510/$, narrowing the gap between the two markets to ₦15.5.…
CBN Directs Banks to Reveal Dormant Accounts and Unclaimed Balances
The Central Bank of Nigeria (CBN) has ordered all banks and financial institutions to publish details of dormant accounts, unclaimed balances and other financial assets on their official websites. According…
MTN Apologizes to Nigerians, Urges Patience Over Data Price Hike
MTN Nigeria has publicly apologized to its customers after facing backlash over a sudden 200% increase in the price of its 15GB data bundle. The plan, which previously cost ₦2,000,…
CBN approves New ATM Withdrawal Charges for Banks
The Central Bank of Nigeria (CBN) has removed the three free monthly ATM withdrawals previously allowed for customers using other banks’ machines. The policy change, announced in a circular dated…
Dangote Refinery Slashes Diesel Price to ₦1,020 Per Litre
Dangote Petroleum Refinery has reduced the price of diesel to ₦1,020 per litre, down from ₦1,075. The company announced the price cut on Tuesday, stating that the move aims to…