News as it breaks
The Dangote Petroleum Refinery has reduced the gantry price of petrol from N828 to N699 per litre, representing a N129 drop, about 15.58%, in the benchmark price of Premium Motor Spirit (PMS). The new pricing took effect on December 11, 2025, marking the refinery’s 20th petrol price adjustment this year,…
A former President of the Nigerian Association of Small and Medium Enterprises (NASME), Alhaji Garba Ibrahim, has urged the Securities and Exchange Commission (SEC) to work more closely with Micro, Small and Medium Enterprises (MSMEs) to strengthen structural support for the sector. He said this collaboration is critical if Nigeria…
The Nigerian Tourism Development Authority (NTDA) has officially launched “Naija Flavour… Destination December 2025”, a major cultural tourism initiative designed to showcase Nigeria’s heritage, empower small businesses, and reposition tourism as a strategic economic pillar under the Renewed Hope Agenda of President Bola Ahmed Tinubu. Speaking at the unveiling ceremony…
A major digital innovation is set to take center stage at the upcoming Africa Tourism and Creative Economy Expo (AFTCREE), as the Local Organising Committee (LOC) prepares to unveil the Cultourmetre—a real-time monitoring tool designed to track the progress of African countries in tourism and the creative economy. Speaking during…
Paystack has suspended its co-founder and Chief Technology Officer, Ezra Olubi, following an allegation of sexual misconduct involving a subordinate that surfaced on November 12, 2025. The company confirmed the suspension to TechCabal, stating that a formal investigation is currently underway. Olubi has not responded to requests for comment. In…
The Nigerian Exchange (NGX) closed the week deep in the red as the All-Share Index (ASI) fell for the fifth straight session, settling at 149,524.8 points on November 7, a decline of 501.7 points from the previous day. This downturn erased roughly N2.8 trillion in market value, translating to a…
The Nigerian National Petroleum Company Limited (NNPCL) has announced a reduction in the pump price of petrol following improved fuel supply from the Dangote Refinery. As of Saturday, NNPCL adjusted the retail price at its filling stations from ₦955 to ₦945 per litre, marking a ₦10 decrease. The new pricing…
President Bola Tinubu has approved the introduction of a 15 per cent ad-valorem import duty on petrol and diesel imports into Nigeria. The new policy aims to protect domestic refineries, stabilise the downstream petroleum market, and promote energy security which may lead to a modest increase in pump prices. In…
The management of Transcorp Hilton Abuja has hosted top media executives to a warm evening of networking and appreciation, reaffirming its commitment to sustaining a strong and mutually beneficial partnership with the media. This include Mr Martin Zarybnicky, General Manager Transcorp Hilton Abuja; Ijeoma Osuji, Communications & Marketing Manager Transcorp…
President Bola Tinubu has hosted Denmark’s richest man and Chief Executive Officer of Bestseller, Anders Holch Povlsen, at the State House in Abuja. The meeting, disclosed by the President’s Special Adviser on Information and Strategy, Bayo Onanuga, in a post on his official X (formerly Twitter) account, was part of…
