Business

Competition for market share continues to heighten between the Dangote Refinery and the Nigeria National Petrol Company Limited, as the latter has slashed Premium Motor Spirit’s price to ₦860 per litre. A market survey by Channels Television on Tuesday confirmed the development. The price cut by the NNPCL comes just…

BUA Cement has announced a final dividend of N2.05 per ordinary share of 50 Kobo each for the period ending 31st December 2024. Payable to registered members, the announcement detailed in a press release published on the Nigerian Exchange Group (NGX) on Monday, was signed by the company secretary, Hauwa…

Nigerian Air Traffic Controllers Association, NATCA, has warned that there is a shortage of Air Traffic Controllers, ATCOs, in the country, saying there is a need to recruit and train. The President of NATCA, Mr Amos Edino, lamented the excessive workloads, extended duty hours and stress suffered by ATCOs, saying…

The Federal Competition and Consumer Protection Commission (FCCPC) has directed MultiChoice Nigeria, the operator of DStv and GOtv, to maintain its current subscription prices pending the conclusion of an ongoing investigation into the company’s proposed tariff adjustment. FCCPC disclosed this in a statement on Thursday by its Director of Corporate…

Importers of petroleum products have lamented the repeated reduction of petrol prices by the Dangote Petroleum Refinery, The PUNCH reports. Some of the importers said dealers might be compelled to sell below their cost prices as consumers would only buy from where petrol is cheaper. On Wednesday, the Dangote refinery…

Nigeria and China have signed a €7.6 billion green hydrogen energy agreement aimed at gradually transitioning from fossil fuels to clean energy in line with global best practices. The landmark deal was formalized over the weekend in Uyo, Akwa Ibom State, between the Federal Government, APPL Hydrogen Limited (AHL), and LONGi…

The Federal Government on Wednesday disclosed that Nigeria’s petrol consumption has dropped to 50 million litres per day with local refineries supplying half of the daily requirements. The government said the other half is being sourced through importation. It clarified that none of the companies involved in domestic refining was…