Author: Ogochukwu Ndubuisi

Dangote Refinery Slashes Petrol Price by N30 Dangote Petroleum Refinery has announced a reduction in the ex-depot (gantry) price of Premium Motor Spirit (PMS), commonly referred to as petrol, by N30.00, from N850 to N820 per litre, effective from 12th August 2025. As part of our unwavering commitment to national development, Dangote Petroleum Refinery assures the public of a consistent and uninterrupted supply of petroleum products. In line with our dedication to operational excellence and sustainable energy solutions, Dangote Petroleum Refinery will commence the phased deployment of 4,000 Compressed Natural Gas (CNG)-powered trucks for fuel distribution across Nigeria, effective August…

FG Disburses N5.12bn Pension Arrears to 90,689 DBS Pensioners The Federal Government assurance to clear outstanding pension liabilities as funds are disbursed N5.12 billion pension Arrears to 90,689 Defined Benefit Scheme (DBS) pensioners under Pension Transitional Arrangement Directorate (PTAD). This is contained in a statement issued on Monday in Abuja by Mr Olugbenga Ajayi, Head of Corporate Communications of PTAD. He said that the directorate had finalised the disbursement of the money. Ajayi said that the 90,689 pensioners across the four pension departments, reaffirms its dedication and commitment to pensioners welfare. The Nigeria Customs Service, the Nigeria Immigration Service and…

FIRS Begins E-Invoicing, Electronic Fiscal System for Large Taxpayers The Federal Inland Revenue Service (FIRS) has launched a new electronic invoicing solution to transform how businesses pay taxes in Nigeria, a move that will make tax compliance faster, easier, and more transparent. The Executive-Chairman, FIRS, Dr Zacch Adedeji, disclosed this in a statement by Dare Adekanmbi, his Special Adviser on Media in Abuja on Sunday. Adedeji said that the e-invoicing solution went live on Aug. 1, following a successful pilot phase which began in November 2024. Adedeji said that large taxpayers, which are companies with annual turnover of five billion…

Ethereum, Dogecoin, XRP Post Top Weekly Gains Ethereum, Dogecoin, and Ripple (XRP-USD) experienced strong price upticks in the cryptocurrency market. The cryptocurrencies delivered impressive weekly gains to investors and were still maintaining their price uptrends at the time of writing. According to data from coinmarketcap.com, Ethereum is trading at $4,238, up by 21.53% over the last seven trading sessions. ETHUSD has successfully broken the resistance and is set for a further uptrend. XRP is trading at $3.19, up by 10.27% in seven trading sessions as investors increased bets on the digital asset. The market anticipates XRPUSD will surge to $4…

I’ll Defeat Tinubu in 2027 If Given ADC Ticket – Rotimi Amaechi Former Minister of Transportation, Chibuike Rotimi Amaechi, has thrown his hat into the ring for the 2027 presidential election, declaring his confidence in defeating President Bola Tinubu if he secures the African Democratic Congress (ADC) ticket. Amaechi, a former Governor of Rivers State, made this declaration during a live conversation on X Spaces, citing his knowledge of Tinubu’s strengths and weaknesses as a key factor in his potential victory. Amaechi emphasized his clean track record, challenging any politician to provide evidence of his involvement in election rigging. He…

Nigeria Non-Oil Exports Hit $3.225bn in Half-Year 2025 – NEPC DG Nigerian Export Promotion Council (NEPC) has announced that the country’s non-oil exported products in the half-year of 2025 were valued at 3.225 billion dollars. Director-General of the council, Mrs Nonye Ayeni, disclosed this to newsmen while presenting a report on the first half of 2025 Non-Oil Export Performance, in Abuja on Sunday. Ayeni said that the report was aimed at providing a comprehensive overview of the council’s achievements, challenges and prospects. “I am pleased to inform you that non-oil products exported in the first half of 2025 were valued…

Nigeria Exports 663m Metric Tonnes of Products Within ECOWAS in 6 Months The Nigeria Export Promotion Council (NEPC), says Nigeria exported products worth 663 million metric tonnes to 11 ECOWAS countries in the first half year of 2025. The Director-General of the NEPC, Mrs Nonye Ayeni, made this known to newsmen, while presenting a report on first half of 2025 Non-Oil Export Performance, in Abuja on Sunday. Ayeni said that the figure showed an increase in exported products as against the same period in 2024. “In the same vein, Nigeria exported 488 million metric tonnes of products worth 83.538 million…

FirstBank Champions Inclusive Fintech Innovation at CAFS 2025 FirstBank sponsored the recently held Canada-Africa Fintech Summit (CAFS 2025), which took place from August 5–8 at the Sheraton Centre in Downtown Toronto, according to an official statement. Convened by Dr. Segun Aina, President of the African Fintech Network, CAFS 2025 was a landmark event that united fintech leaders, regulators, startups, and investors from Africa and Canada to explore scalable digital solutions, encourage investment, and promote inclusive economic development across both continents. As a legacy institution with over 131 years of leadership in financial services, FirstBank’s sponsorship highlights its commitment to fostering…

Afreximbank Signs $300m Trade Deals at AfriCaribbean Forum The Fourth AfriCaribbean Trade and Investment Forum (ACTIF2025) concluded with over 300 million dollars in investment and trade deals signed. A statement issued by Vincent Musumba, Afreximbank’s Communications and Events Manager, on Friday said eight deals and memoranda were announced, spanning infrastructure, tourism, digital transformation, and trade finance Musumba said that the(ACTIF2025) was co-hosted by Afreximbank and the Government of Grenada. Musumba said the two-day event brought together no fewer than 2,100 delegates from 80 countries, including 11 Heads of State and Government, representatives of governments, private sector leaders, and development partners.…

Israel Secures Major Gas Export Deal with Egypt Worth $35 Billion Israel has signed a landmark $35 billion natural gas export agreement with Egypt, marking the largest energy deal in Israel’s history. The agreement involves the supply of 130 billion cubic meters of gas from Israel’s Leviathan offshore gas field to Egypt through 2040 or until the full contracted volume is delivered. The deal is divided into two phases. The first phase, expected to begin in early 2026, will deliver 20 billion cubic meters of gas to Egypt after new pipeline connections are completed. The second phase will supply an…