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Petrol pump prices jump by over 55% in May, hit N1, 596/ltr
Latest data released by the National Bureau of Statistics (NBS), Wednesday, has shown that the average retail pump price of Premium Motor Spirit (PMS) or petrol jumped by 55.31 per cent year-on-year to N1,596.25 per litre in May 2026, from…
Food inflation maintains steady rise, hits 17% in May — NBS
National Bureau of Statistics (NBS) says the country’s food inflation has continued its upward trajectory for the fourth consecutive month, reaching 16.96 per cent in May. NBS disclosed this in its May report on food inflation in Nigeria. According to the…
39 vessels to berth at Lagos ports with petroleum products, food, fertilizer, others – NPA
Nigerian Ports Authority (NPA) has disclosed that a total of 39 vessels laden with petroleum products, food items and other goods are expected at the Lekki Deep Sea Port, as well as, the Apapa and Tincan Island ports in Lagos, Tuesday….
SpaceX shares crash by $600bn in market value in one week, as Musk loses trillionaire status
SpaceX shares had peaked at $225.64 on June 16, but less than a week after the largest IPO in history, shares crashed to $147.11 briefly dipping below the opening price before recovering again to close at around $156. The slide wiped…
Wigwe University tops of Nigeria’s 10 most expensive private varsities
Ahead of commencement of the 2026/2027 admission cycle, the Wigwe University in Rivers State, South-South of Nigeria has emerged as the country’s most expensive tertiary institution. The newly-established institution registering between N9 million to N12 million in tuition fees alone emerged…
FG disburses N13bn interest-free loans to 7,450 workers in 153 tertiary institutions, as fresh applications open June ending
Federal Government says it has disbursed about N13 billion in interest-free loans to 7,450 academic and non-academic workers across 153 public tertiary institutions nationwide. According to a statement issued, Friday, and signed by Boriowo Folashade, the Director of Press and…
SEC bans marketing of ‘unapproved’ Dangote Refinery IPO with immediate effect
Capital market regulator, the Securities and Exchange Commission (SEC) has banned the marketing and promotion of a purported initial public offering (IPO) by Dangote Petroleum Refinery & Petrochemicals FZE with immediate effect. According to SEC, no application for such an…
‘Upgrade your fleet by October or lose access to airports,’ FAAN orders cab operators
Federal Airports Authority of Nigeria (FAAN) has ruled out any further extensions to its earlier notice to all airport cab operators to upgrade their fleets to newer vehicle models by October, this year or lose access to the facilities. FAAN stated,…
Local refineries reach 48mlpd PMS production – FG
Federal Government has disclosed that local production of premium motor spirit (PMS) or petrol has hit 48 million litres per day (lpd). petrol Special Adviser to the President on Oil and Gas, Mrs Olu Verheijen, who disclosed this at the…
Otedola acquires 680m First HoldCo shares to raise stake to 20.42%
Group Chairman, First HoldCo, Femi Otedola, has become the company’s single largest majority shareholder after acquiring about 680 million shares of the group, representing a 20.42 per cent stake. According to a private placement allotment from the group, Otedola was…
