In a significant move for Nigeria’s fuel market, the Dangote Refinery has reduced the price of Premium Motor Spirit, commonly known as petrol, by 49 naira per litre. The refinery now sells the product at 828 naira per litre, down from its previous price of 877 naira. This price reduction, which represents a 5.6…
Vice-President Kashim Shettima arrived in Katsina State on Monday to inaugurate the National Micro, Small and Medium Enterprises (MSMEs) Clinic. His aircraft landed at the Umaru Musa Yar’adua International Airport at about 5 p.m. The News Agency of Nigeria (NAN) reports that the MSMEs Clinic is designed to bring together entrepreneurs, financial institutions, and regulatory…
The governments of Jigawa, Katsina, and Kano states have entered into a strategic alliance to establish a tri-state electricity market and acquire equity in Future Energies Africa (FEA), the core investor in the Kano Electricity Distribution Company (KEDCO). The Jigawa State Commissioner for Information, Youth, Sports and Culture, Sagir Musa, disclosed this during a press…
Nearly eight in ten informal businesses in Nigeria have experienced an increase in operating costs over the past year, according to the Moniepoint Informal Economy Report 2025, released in Abuja on 17 October. The report revealed that 79 per cent of business owners in the informal sector attributed the rise in expenses to soaring supplier…
Moniepoint Inc. says it is collaborating with the Federal Ministry of Industry, Trade and Investment and the Corporate Affairs Commission (CAC) to make it easier for informal businesses to formalise their operations. Mr. Tosin Eniolorunda, Group Chief Executive Officer and Co-founder of Moniepoint Inc., disclosed this during the unveiling of the company’s Informal Economy Report…
The Arewa Agricultural Forum has commended the Managing Director and Chief Executive Officer of the National Agricultural Insurance Corporation, Hon. Yazeed Shehu Danfulani, for reaffirming his commitment to President Bola Tinubu’s Renewed Hope Agenda. The Secretary of the forum, Abdulwahab Kure, in a statement issued in Kaduna on Monday, said Danfulani’s support would strengthen the…
Global and local leaders in the building, design and construction industries are set to converge in Lagos for the Ecobank Build and Design Expo 2025, a premier exhibition spotlighting innovation and excellence in the sector. According to a statement by Ecobank’s Head of Corporate Communications, Mr. Austene Osokpor, the five-day event will run from September…
Consumers in Nigeria are voicing frustration over growing bank charges, alleging unauthorised debits that have left many questioning the fairness of the country’s financial system. Customers interviewed by the News Agency of Nigeria (NAN) said the deductions ranged from alert fees to inflated transfer levies and account maintenance charges. Helen Agodo, a First HoldCo Plc…
Professor Uche Uwaleke, a leading capital market expert, has called for the creation of a National Compensation Fund to provide relief to victims of Ponzi frauds, warning that the schemes pose a growing threat to citizens’ financial security. Speaking at a virtual workshop on Sunday, Uwaleke, who also serves as President of the Capital Market…
Africa’s most populous nation, has formally institutionalized soil health as a core national infrastructure priority, according to Dr. Kingsley Uzoma, Special Advisor to the President on Agribusiness. Speaking at the AFSF 2025, Dr. Uzoma detailed how the country is leveraging high-level political will to meet its commitments under the African Union’s major agricultural frameworks. Recognizing…
