Telecom operators are facing a strong backlash from subscribers and workers after implementing a 50 per cent tariff hike without waiting for the outcome of a review process that was agreed upon, prompting the Nigeria Labour Congress to call for a nationwide boycott of telecom services. While the NLC has called for a boycott and […]

Equity investors gained N779bn on the Nigerian Exchange Limited on Wednesday as the market capitalisation rose to N67.3tn from N66.5tn recorded in the previous trading session, nearing the N70tn mark. The All-Share Index appreciated by 1.17 per cent to close at 107,822.52 points. VFD Group led the gainers’ chart with a 10 per cent increase […]

The Organization of the Petroleum Exporting Countries (OPEC) in its monthly report, said world oil demand will rise by 1.45 million barrels per day (bpd) in 2025 and by 1.43 million bpd in 2026. Both forecasts were unchanged from last month. The OPEC on Wednesday stuck to its forecast for relatively strong growth in global […]

The Shell Petroleum Development Company of Nigeria Limited (SPDC Joint Venture) and the Bayelsa state government inaugurated the Gbaran Biodiversity Action Plan (Gbaran BAP), last week, in which more than 150 people from Taylor Creek Forest Reserve communities have been trained in alternative livelihood skills to reduce exploitation of resources at the forest. The trainees […]

The Central Bank of Nigeria (CBN) has said that charges will now apply anytime customers use the Automated Teller Machines (ATMs) of banks. In a circular dated February 10, 2025, and addressed to all banks and financial institutions, CBN’s acting Director of Financial Policy and Regulation Department, John Onojah, offered more details on the situation. […]

The Chief Corporate Communications Officer of the Nigerian National Petroleum Company (NNPC) Ltd, Olufemi Soneye, has called on the public to be vigilant and be part of efforts in safeguarding critical infrastructure such as oil and gas pipelines and power plants. He warned that vandalism poses a significant threat to the economy, national security, and […]

The Nigerian Exchange sustained its bullish momentum at the close of trading on Tuesday, with investors gaining N426bn as market capitalisation rose to N66.5tn. The benchmark All-Share Index appreciated by 683.38 points, or 0.65 per cent, closing at 106,574.71 points. This represents a 1.7 per cent gain in one week, a 2.85 per cent gain […]

Dangote Petroleum Refinery and Petrochemicals says it has reduced the cost of its diesel to N1,020 per litre, down from N1,075 per litre at the gantry price. In a statement on Tuesday, the company said the reduction was to better serve its customers and Nigerians in general. The PUNCH recalls that when it began diesel […]