Tag: President Bola Tinubu

Housing

FCCPC Orders MultiChoice Nigeria to Maintain Subscription Prices Amid Investigation

The Federal Competition and Consumer Protection Commission (FCCPC) has instructed MultiChoice Nigeria…

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Fraudulent transactions in Nigeria’s banking sector have tripled over four years, rising from N11 billion to N52 billion.
Housing

Nigeria’s Banking Fraud Soars from N11bn to N52bn in Four Years – NIBSS

Fraudulent transactions in Nigeria’s banking sector have tripled over four years, rising…

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The Nigeria Deposit Insurance Corporation (NDIC) has called on external solicitors to assist in recovering debts and managing failed bank assets.
Housing

NDIC Seeks Legal Support to Recover Debts, Manage Heritage Bank’s Assets

The Nigeria Deposit Insurance Corporation (NDIC) has called on external solicitors to…

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Police operatives assigned to Lagos Speaker Mojisola Meranda and the Assembly have been withdrawn, raising serious security concerns.
Housing

Police Withdraw Security Detail for Lagos Speaker, Assembly

Police operatives assigned to Lagos Speaker Mojisola Meranda and the Assembly have…

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Works Minister David Umahi has urged cement manufacturers to cut prices to N7,000, citing the naira's appreciation and falling petrol costs.
Housing

Umahi Urges Cement Price Cut, Warns MTN, RCC Over Road Project Delay

Works Minister David Umahi has urged cement manufacturers to cut prices to…

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The Naira strengthened to N1,490 per dollar in the parallel market yesterday, up from N1,502 per dollar on Tuesday.
Housing

Naira Appreciates to N1,490/$ in Parallel Market, N1,499.8/$ in Official Market

The Naira strengthened to N1,490 per dollar in the parallel market yesterday,…

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Housing

NASENI Nears Completion of First Made-in-Nigeria Helicopter

The National Agency for Science and Engineering Infrastructure (NASENI) confirmed Nigeria’s first…

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Dangote Refinery Announces Nationwide Petrol Price Reduction The new price regime, which marks a N15 reduction per litre across all regions and partner retail outlets, was posted on the official social media handle of Dangote Refinery on Thursday. It applies to all major fuel marketers in partnership with the refinery, including MRS, Ardova, Heyden, Optima Energy, Techno Oil, and Hyde Energy. In the earlier pricing template, Lagos residents paid N890 per litre, while prices rose to N920 in the North East and South-South regions. Fire Outbreak as National Sport festival at Underway At Alake Complex0:00 / 0:00 Ogun Women’s Volleyball Team Seal Comeback Win Over Rivers | Punch0:00 / 0:00 With the new adjustment, Lagos residents will now pay N875, while those in the North East and South South will pay N905 per litre. A breakdown of the revised prices shows, Lagos: N875, South-West: N885, North-East: N905, North-West & Central: N895, and South-South & South-East: N905 The Dangote Refinery urged consumers to purchase fuel only from its partner outlets and encouraged Nigerians to report non-compliance via its hotline: +234 707 470 2099 or +234 707 470 2100. “Our quality petrol and diesel are refined for better engine performance and are environmentally friendly,” the company stated in the notice. Related News Petrol price jumps 76% in one year – NBS Naira-for-crude deal caused reduced petrol prices – Dangote NNPCL refineries not producing enough petrol – DAPPMAN Our correspondent gathered the new reduction follows the return of a refund benefit policy offered to its customers earlier this week. The development comes hours after The PUNCH reported that independent oil marketers resumed large-scale importation of petrol, as fresh data shows that over 496.17 million litres of petrol were brought into the country within nine days. Findings using the Tanker Position Report, a document that tracks oil tankers’ movement and was obtained from Blue Sea Maritime by our correspondent on Monday, revealed that 370,000 metric tonnes of petrol were discharged at various depots. These products berthed at seaports between May 11 and 20, 2025. On Monday, the 650,000 Lekki-based facility said the naira-for-crude deal allowed it to reduce the price of petrol, which translates to reduced costs at the pumps. This is even as the company affirmed that the prices of petrol will remain affordable and stable. They said that despite the fluctuations in global crude oil prices, it has consistently reduced the price of petrol. The company, in a release signed by its Group Chief Branding and Communications Officer, Anthony Chiejina, said the decision to maintain price stability reflects its unwavering commitment to supporting the Nigerian economy and alleviating the burden on consumers from the increase in fuel prices by maintaining price stability.
Housing

Dangote Refinery Reduces Petrol Price by N65 Ahead of Ramadan

The Dangote Petroleum Refinery has announced a reduction of N65 in the…

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The cost of renting homes in Lagos continues to rise, leaving many residents struggling and calling for government intervention.
Housing

Rising Rent Crisis in Lagos: Tenants Demand Government Intervention as Housing Costs Surge

The cost of renting homes in Lagos continues to rise, leaving many…

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Housing

FRC Endorses Tax Reform Bill, Calls for Measures to Boost Economic Growth

The Fiscal Responsibility Commission (FRC) has expressed strong support for the proposed…

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