Telcos seek tariff hike to offset soaring costs

By Justice Okamgba Telecom operators in Nigeria have insisted on calls for an upward tariff review in a move to offset the soaring costs of operation and investment in the sector. This demand... Read more »

Anambra gas stations to shut down supply services over ₦900 million areas

By Okey Maduforo Fuel Stations in Anambra state would be shut down indefinitely if the state government fails to pay the sum of N900 million owed to it’s members for the supply... Read more »

Consumers lament as food prices rise 30% in eight states

Dare Olawin, Olasunkanmi Akinlotan and Anozie Egole Prices of essential food items have gone up by at least 30 per cent between December and April in at least eight states, according to... Read more »

MRS slashes diesel price to N1,050

By Adetutu Sobowale MRS Oil Plc has slashed the price of Automotive Gas Oil popularly known as diesel to N1,050 per litre across its outlets nationwide. This was disclosed in a flier prepared... Read more »

Naira depreciates to N1,305/$ in parallel market

By Elizabeth Adegbesan The Naira Similarly, the Naira depreciated in the Nigerian Foreign Exchange Market, NAFEM, to N1,308.52 per dollar. Data from FMDQ showed that the indicative exchange rate for NAFEM rose... Read more »

CBN releases more dollars as naira weakens to 1,300/$

Damilola Aina and Daniel Adaji The naira depreciated further against the United States dollar at the official market on Tuesday, closing at 1,300/$. This came as the Central Bank of Nigeria stepped... Read more »

Dangote drops diesel to N940, stations sell N1,400

Okechukwu Nnodim, Dare Olawin and Anozie Egole Oil marketers have continued to dispense Automotive Gas Oil, popularly called diesel, at a price between N1,350/litre and N1,450/litre in various locations across the country... Read more »

Again, Dangote crashes diesel, aviation fuel prices to N940, N980 respectively

Dangote Petroleum Refinery has again announced a further reduction in the prices of both diesel and aviation fuel to N940, N980 per litre respectively.  This is coming at the wake of its... Read more »

UPDATED: CBN resumes forex sale to BDCs at N1,021/$

By Daniel Adaji The Central Bank of Nigeria has resumed the sales of dollars to Bureau De Change operators. It disclosed this in a circular referenced TEM/FEM/PUB/001/013 uploaded to its website on Tuesday... Read more »

Naira tumbles to N1,234/$ at official market, speculators resume hoarding

By Lara Adejoro The naira depreciated in its value against the United States dollar to N1,234 at the official foreign exchange market on Monday, according to data obtained from the FMDQ securities exchange.... Read more »