Dave Ibemere
5443 articles published since 20 Sep 2021
5443 articles published since 20 Sep 2021
NNPC petrol prices now trail Dangote partners, as motorists abandon costlier stations, buying cheaper fuel amid widening price gaps in Lagos and Abuja nationwide.
Nigerian banks have begun deducting 7.5% VAT on card maintenance and selected electronic banking fees, while deposits and transfers remain exempt.
The naira weakened in the official market as dollar demand outpaced supply, while it stayed stable at GTBank’s FX desk and unchanged in the parallel market.
FG invites Nigerian youths to register for the 3MTT NextGen Fellowship before January 31 to gain digital skills, mentorship, and real-world tech experience.
The CBN data show Nigerian banks charge up to 60% on loans while paying as little as 2.7% on savings, widening the gap between borrowers and depositors.
The combined net worth of the world’s top 10 billionaires has soared past $2.4 trillion in 2026, led by the richest man, Elon Musk, whose fortune is $714.2 billion.
Banks have begun deducting new charges, including 7.5% Value Added Tax on electronic service fees, prompting customers to express concern over rising costs.
NNPC is unlikely to change petrol prices this week as depots cut rates to match Dangote’s N699, leaving Lagos cheapest and Gombe costliest nationwide.
Dangote Refinery drives Nigeria’s petrol supply growth, producing 32 million litres daily, whereas modular refineries contribute marginal diesel.
Dave Ibemere
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