Abuja, March 27, 2026 (NAN) – The National Bureau of Statistics (NBS) reports a modest rise in the average retail price of petrol, climbing from N1,034.76 in January to N1,051.47 in February. The National Bureau of Statistics (NBS) released its Premium Motor Spirit (Petrol) Price Watch for February on Friday in Abuja. According to the…
The Central Bank of Nigeria has formally imposed restrictions on banking services for chronic defaulters and significant borrowers with non-performing loans. In a significant step to bolster credit management and protect the nation’s financial framework, the central bank released a policy statement on Wednesday, which followed comments made by CBN Governor Olayemi Cardoso at the…
Dangote Petroleum Refinery & Petrochemicals has announced a decrease in its gantry price for petrol to N1,200 per litre, while the coastal price has been set at N1,153 per litre. This strategic adjustment occurs in the context of ongoing tensions in the Middle East, which are exerting considerable influence on global oil markets. The adjustment…
CALABAR, CROSS RIVER STATE – In a significant advancement for Nigeria’s technological education sector, OPay, a prominent player in the Financial Technology (Fintech) industry, has announced its intention to set up a specialized cybersecurity laboratory at the University of Calabar (UniCal). On Tuesday, March 24, 2026, a significant announcement was made during a strategic visit…
Timi Frank, the former Deputy National Publicity Secretary of the All Progressives Congress (APC), has claimed that President Bola Ahmed Tinubu is considering moving Nigeria’s capital from Abuja to Lagos if he secures re-election in 2027. Frank disclosed his concerns in a statement released on Monday.The former APC leader criticized Tinubu’s administration for what he…
Nigerian tax filing on March 31. The national youth conference portal is unveiled by the federal government led by President Bola Tinubu. Where you live can have a big impact on how far your salary goes, as growing living expenses continue to affect household choices throughout Nigeria. Headline inflation, which represents the general rise in…
Several filling stations across Nigeria have adjusted their premium motor spirit prices in response to recent fluctuations in crude oil prices. According to DAILY POST, both Ranoil and Sharon filling stations in Abuja and the surrounding regions have lowered their petrol prices to N1,280 per liter from N1,300, representing a reduction of N20 or 1.54…
The Times of Israel reported on March 19, 2026, that US President Donald Trump has declared that he will not allow any more Israeli attacks on Iran’s South Pars natural gas field after the Israel Defense Forces attacked the significant energy plant on Wednesday. Trump said that Israel “violently lashed out” at South Pars “out…
The capital of Borno State, Maiduguri, was shaken by several bomb explosions on Monday night, resulting in at least 23 confirmed deaths and 108 injuries.The popular Monday Market, the gate of the University of Maiduguri Teaching Hospital, and the Post Office flyover area were the three areas in the city that were targeted by the…
As Nigeria faces escalating petrol prices, shipments of 129,000 metric tonnes of Premium Motor Spirit (petrol) and Automotive Gas Oil (diesel) are slated to arrive at Lagos Ports from March 14 to 17, 2026, according to The PUNCH.This development comes as representatives from the Nigerian Midstream and Downstream Petroleum Regulatory Authority clarified the situation regarding…
The Central Bank of Nigeria (CBN) has implemented enhanced regulations for Bank Verification Numbers (BVN). These include a one-time limit on changes to registered phone numbers and the establishment of a temporary watchlist to monitor potential fraudulent activities. In a circular issued on March 12, 2026, titled “Addendum to the Revised Regulatory Framework for Bank…
Governor Hope Uzodimma of Imo State shares some positive news! He believes that despite fuel prices nearly doubling, President Bola Tinubu is successfully protecting Nigeria from the global fuel crisis stemming from the conflict in the Middle East. Fuel prices have soared globally following the barricade at the Strait of Hormuz, a vital 30-mile-wide shipping…
We are absolutely furious about the recent false reports flying around on social media and online platforms, claiming that our Lagos and Abuja offices were sealed by the Nigeria Revenue Service (NRS) due to supposed non-compliance with Value Added Tax (VAT) and Company Income Tax under the Nigeria Tax Act 2025! This is outrageous and…
The Federal Inland Revenue Service (FIRS) of Nigeria has reportedly imposed a seal on the Lagos and Abuja offices of OPay, citing alleged infractions of the Nigeria Tax Act 2025, specifically pertaining to Value Added Tax (VAT) and Companies Income Tax (CIT). The enforcement action reportedly impacted OPay’s offices in Lagos and Abuja, where officials…
