Business

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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Refinery: My Friend Who Warned Me Against Investing In Nigeria Now Laughs

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The President of Dangote Group, Aliko Dangote, has disclosed that his friend who earlier warned him against investing in Nigeria is now taunting him for ignoring his advice. Dangote disclosed this in an interview with newsmen on Sunday just as reports quoted the Nigerian Midstream and Downstream Petroleum Regulatory Authority as claiming that diesel from

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Frustration: Dangote Voices Out On Selling Refinery To NNPCL

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The President of Dangote Group, Aliko Dangote, has said that he will sell the Dangote Refinery to the Nigerian National Petroleum Corporation Limited. Speaking in an exclusive interview with Premium Times on Sunday, the businessman expressed his willingness to sell the refinery to address allegations of monopoly in the industry. He stated that if the

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NNPCL Gives New Update For Petrol Stations

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The Nigerian National Petroleum Company Limited says fuel stations are to operate longer hours for the supply and distribution of petrol, calling on fuel stations to aid availability given the current tight situation. The company said the turnaround period of Premium Motor Spirit trucking is also elongated to ease the situation being witnessed. The Executive

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NDIC Boss Urges Bankers To Pay Attention To Cybersecurity Levy

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The Chief Executive Officer of the National Deposit Insurance Corporation, Bello Hassan, has urged bankers in the country to pay attention to cybersecurity. He stated this on Friday at the swearing-in ceremony of Professor Pius Olanrewaju as the 23rd president/chairman of the council of the Chartered Institute of Bankers of Nigeria in Lagos. “In this

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