Business

Dangote Refinery resumes petrol loading in Naira at N1,215 per litre

•As depots, filling stations adjust prices By Udeme Akpan, Energy Editor Dangote Petroleum Refinery has resumed gantry loading of Premium Motor Spirit (PMS), also known as petrol, in naira after a week suspension, ending uncertainty in the downstream sector over its temporary shift to dollar-denominated sales. Checks by Vanguard showed that the refinery has fixed […]
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LCFE to list Kian Smith’s N21 bn gold bars

By Peter Egwuatu The Lagos Commodities and Futures Exchange (LCFE) has finalized plans to list over N21 billion worth of Kian Smith FZE gold in a landmark transaction aimed at deepening Nigeria’s commodities market and expanding investable asset classes within the capital market. The forthcoming listing will feature internationally certified 1kg London Bullion Market Association […]

Nigeria’s oil, gas post gains, miss targets in 2025

By Udeme Akpan, Energy Editor Nigeria’s oil and gas industry recorded mixed performance marked with improvement in some indices marred by below expectation oil production, worsening gas flaring and dispute over the domestic fuel supply.   Improved Upstream activity The rig count, an index of measuring activities in the upstream sector, recorded a rise of 63% year-on-year in 2025. […]

Zenith Bank injects N140m into tech ecosystem with Zecathon 5.0

Zenith Bank concluded the 2025 edition of its flagship innovation competition, Zecathon 5.0, at the Zenith Tech Fair.   The event, which received thousands of applications and deployed a significant total of N140 million in prizes, was attended by dignitaries, including the founder and chairman of Zenith Bank Plc, Jim Ovia CFR, as well as Lagos State […]

Nigerian Tax Acts 2025 to benefit economy, citizens — NTPIC

Chairman of the National Tax Policy Implementation Committee (NTPIC), Mr. Joseph Tegbe, has said the Nigerian Tax Reform Acts 2025 will significantly strengthen the economy while protecting citizens, describing the legislation as a major shift toward a more sustainable fiscal framework. In an article, Tegbe explained that the Acts represent a comprehensive overhaul of Nigeria’s fiscal […]

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