BUSINESS

  • Fuel Price Rises Again As NNPCL Sells Petrol At ₦1,430/Litre

    Fuel Price Rises Again As NNPCL Sells Petrol At ₦1,430/Litre1

    The Nigerian National Petroleum Company Limited (NNPCL) has increased the pump price of Premium Motor Spirit (PMS), commonly known as petrol, in another adjustment that has pushed retail prices higher across several of its filling stations in Abuja and surrounding areas. The latest increase was implemented on Tuesday, September 15, 2026, with several NNPCL retail

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  • J.P. Morgan Adds Nigeria To New Bond Index With 7.4% Weight

    J.P. Morgan Adds Nigeria To New Bond Index With 7.4% Weight0

    Global financial institution J.P. Morgan has included Nigeria in a new bond index, assigning the country a 7.4 per cent weighting in a development that could increase international investor attention on Nigeria’s fixed-income market. The inclusion places Nigeria among the markets tracked by the new index and could improve the visibility of Nigerian government securities

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  • Fresh Concerns As Petrol Nears N1,500/L In Nigeria

    Fresh Concerns As Petrol Nears N1,500/L In Nigeria0

    Fresh concerns are mounting over another increase in the price of petrol in Nigeria as pump prices approach ₦1,500 per litre in parts of the country. The latest development followed an increase in the ex-depot price of Premium Motor Spirit, commonly known as petrol, by Dangote Petroleum Refinery. The refinery reportedly raised its petrol gantry

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  • Reno Omokri Says N3,000 Can Sustain Average Nigerian For One Day

    Reno Omokri Says N3,000 Can Sustain Average Nigerian For One Day0

    Nigeria’s Ambassador-designate to Mexico, Reno Omokri, has claimed that ₦3,000 is enough to sustain an average Nigerian for one day, arguing that poverty should be measured within the economic realities of individual countries. Omokri made the statement during an appearance on Channels Television’s Sunday Politics, where he discussed Nigeria’s rising cost of living and the

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  • Blackout As Kainji-Birnin Kebbi Power Line Tower Collapses

    Blackout As Kainji-Birnin Kebbi Power Line Tower Collapses0

    By Henryrich Ojo | Newsworld The Transmission Company of Nigeria (TCN) has declared force majeure on the 330kV Kainji-Birnin Kebbi transmission line after strong winds and heavy rainfall caused the collapse of a major transmission tower. TCN disclosed this in a statement issued on Tuesday, September 8, 2026, following a fault that disrupted bulk electricity

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  • LAWMA Reveals Plan To Arrest Lagosians Buying From Roadside Traders

    LAWMA Reveals Plan To Arrest Lagosians Buying From Roadside Traders0

    By Henryrich Ojo | Newsworld The Lagos Waste Management Authority (LAWMA) has warned residents who patronise traders operating illegally on roads, medians, walkways and other unauthorised public spaces that they risk arrest and prosecution. The Managing Director/Chief Executive Officer of LAWMA, Muyiwa Gbadegesin, issued the warning on Tuesday at the Authority’s headquarters, as the agency

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