Nigerians consumed a total of 613.62 million litres of Premium Motor Spirit (PMS), commonly known as petrol, between October 2024 and October 10, 2025, according to fresh data from the …
Press Office
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Dangote IndustriesEconomyEnergyNigeriaOil & Gas
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BusinessDangote IndustriesEconomyEnergyOil & Gas
Petrol nears ₦1,000 per litre as marketers move to import fuel independently amid Dangote refinery supply disruptions
Petroleum marketers across Nigeria have begun moves to import petrol independently as pump prices edge closer to ₦1,000 per litre in several cities, amid worsening supply challenges and production setbacks …
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Access BankBankingBusiness GrowthCentral BankingFinance & ServicesGTCOStanbic IBTCZenith Bank
Banks That Have Fully Met the New CBN Minimum Capital Base (Access, Zenith, Stanbic IBTC, Wema, Lotus, Gtbank)
The Central Bank of Nigeria’s directive on the recapitalisation of banks has continued to shape discussions in the financial sector. Since the announcement, attention has been focused on which banks …
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BusinessInnovationMobile Telecommunications Network (MTN)NAMIBIASouthern AfricaTechnologyTelecommunications
5G Launch by MTC Marks First in Namibia
Namibia has joined the list of African countries adopting fifth-generation network technology, as Mobile Telecommunications Company (MTC) officially launched 5G services at the Ongwediva Annual Trade Fair. With this move, …
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BusinessDangote IndustriesEconomyEnergy
Nigerians Spend N1.3tn on Petrol in June as Consumption Hits 1.44bn Litres
Nigerians spent about N1.3 trillion on Premium Motor Spirit (petrol) in June 2025, amid rising energy costs and heavy reliance on self-power generation, according to the latest data from the …
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BusinessMobile Telecommunications Network (MTN)SecurityTechnologyTelecommunicationsUGANDA
MTN Uganda CEO Warns on Cybersecurity
The rapid rise of financial technology, mobile money, and e-services has transformed Uganda’s economy and connected millions of people. But alongside this digital progress has come a new threat—cybercrime. Fraud, …
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Dangote IndustriesEconomyEnergyInfrastructureInnovationNigeriaOil & GasPoliciesTransportation & Logisitics
Dangote Refinery Lowers Petrol Price to ₦820 per Litre
The Dangote Petroleum Refinery has announced a major step to make fuel cheaper and easier to access across Nigeria. From Monday, August 12, 2025, the refinery reduced its ex-depot price …
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AwardsBusinessCorporate EarningsFinance & ServicesInsuranceLeadershipLeadwayNigeria
AIICO, Leadway, NEM, Others Make 2025 Almond Insurance Industry
The Nigerian insurance industry is set for another major celebration as top companies and industry leaders have been shortlisted for the 2025 Almond Insurance Industry Awards. The nominees were officially …
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BusinessDigital EconomyFinance & ServicesSafaricomStartupsTechnologyTrade and Commerce
Safaricom, PayPal Link M-PESA Wallets for Global Transactions
Safaricom’s M-PESA service has partnered with PayPal to allow Kenyans to move money easily between their mobile money wallets and PayPal accounts. The new partnership is expected to benefit over …
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AfricaAirtelBusinessTechnologyTelecommunications
Airtel Subsidiary Xtelify Launches AI-Powered Software for Telecom Operators
Xtelify, a new digital subsidiary of Bharti Airtel, has introduced an artificial intelligence (AI)-powered software platform that aims to change how telecommunications companies (telcos) operate and relate with their customers. …