Business

Biting Economy : Why Transporters Fail To Reduce Charges Nationwide

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Nigerians have lamented that despite the reduction in the price of petrol, transporters have failed to effect a reduction in transport fares nationwide. These angry Nigerians added that instead, the prices are still going up. This sparked intense pricing competition in the downstream sector, forcing the NNPCL to reduce its ex-depot price to N899 per […]

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Interested In Making Cool Money? Here is An Opportunity

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THE MOVING TRAIN PART ONE ….. The moving train of Cheersway as well as other cryptocurrency tokens/online businesses is gathering speed and momentum. New billionaires will definitely be born this year and early next year. You may not be one of them…but please make your millions too. If you keep hesitating to knock and enter

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Dangote To Meet Marketers Over New Price Of Petrol

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The Independent Petroleum Marketers Association of Nigeria is poised for talks with Dangote Petroleum Refinery between Tuesday and Wednesday to finalise agreements on the cost and lifting of petrol from the plant. It was learnt on Sunday that the Petroleum Retail Outlet Owners Association of Nigeria had been asked by the $20bn Lekki-based refinery to

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New Update on NNPCL Released

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Abubakar Garima, National President, Independent Petroleum Marketers Association of Nigeria, IPMAN, has disclosed that Nigerian National Petroleum Company Limited, NNPCL, is owing IPMAN almost N15 billion. Garima stated this on Thursday while fielding questions on Channels Television’s The Morning Brief programme. ”Roughly now, they are owing us (IPMAN) getting to N15 billion,” Garima replied, when

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Breaking: NNPC Announces New Update On Dangote Refinery

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The Nigerian National Petroleum Company Limited has said that it will sell the petrol lifted from the Dangote Refinery at a price above N1,000 per litre in the far north. The NNPC spokesperson, Olufemi Soneye, disclosed this on Monday, in a statement titled, ‘NNPC Ltd Releases Estimated Pump Prices of PMS from Dangote Refinery Based

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Hardship: How CNG Vehicles Will Drastically Reduce High Transportation

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The Federal Government has said that the conversion of vehicles using fuel to gas will reduce transportation cost which will culminate to affordable cost of living by the masses. At the launch of the initiative and the signing of agreements with various partners in Benin, the Edo State capital on Saturday, the Head of Commercial

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FCCPC Speaks On Food Prices, Highlights Better Initiative For Nigerians

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The Executive Vice Chairman, Federal Competition and Consumer Protection Commission (FCCPC), Tunji Bello, has said that the commission never issued any ultimatum to traders in the country to crash food prices. Bello made this known while speaking at a One-Day Stakeholders’ Engagement on Exploitative Pricing, held in Lagos on Wednesday. The FCCPC boss stated that,

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Reactions Trail Social Media as NNPCL Increases Fuel Price

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There are indications that Nigerians are in for harder times as the Nigerian National Petroleum Corporation Limited (NNPCL) has increased its pump price to N855 per litre. This comes just as the NNPCL management admitted that it was facing a debt challenge to the tune of $6 billion from its supply chain abroad. While the

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The Motive Behind Banning of Jerrycans At Filling Stations

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The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) plays a crucial role in overseeing the distribution and sale of petroleum products in Nigeria. Recently, there has been discussion around the potential banning of petrol sales in jerrycans at filling stations. While the rationale behind such a policy—mainly safety concerns and the prevention of fuel

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How Popular Organization Surprised Bank Customers With #5million For Compensation

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The Nigeria Deposit Insurance Corporation says it has disbursed the insured deposits of N5 million each to 82.36 per cent of the total customers of the defunct Heritage Bank. It also noted that 17.64 per cent of the insured deposits still pending payment mainly belong to depositors with accounts that have Post-No Debits instructions or

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