The Nigerian National Petroleum Company Limited (NNPCL) has reduced petrol prices at its filling stations in Abuja and Lagos following a downward price adjustment by the Dangote Refinery. Checks by Legit.ng on Wednesday, November 4, showed that NNPCL outlets in Abuja had reduced their pump price to N1,325 per litre from the previous range of…
Moniepoint has explained how the Federal Government identifies Nigerians selected to receive the N50,000 monthly cash support under the National Economic Recovery and Support Initiative (NERSI). The explanation comes as payment notifications begin reaching some beneficiaries across the country. According to the programme’s guidelines, the government selects recipients using information from the National Social Register…
Enugu Air has received regulatory approval to begin direct flights between Lagos and London Gatwick in December 2026. The state-owned airline announced on Wednesday, November 4, that bookings for the new route are now open through its online booking portal. In a statement, the airline described the approval as a major step in its international…
God Is Good Mobility (GIGM) has introduced a 20 per cent discount on travel fares for members of the National Youth Service Corps (NYSC) to help reduce their transportation expenses amid rising costs. The company also announced a partnership with the NYSC to improve the safety of corps members travelling to their places of primary…
President and Chief Executive of Dangote Industries Limited, Aliko Dangote, has called on Lotus Capital Limited to increase its support for Nigeria’s real sector by financing critical areas of the economy. The call comes as the financial institution plans to expand its financing activities across agriculture, real estate, renewable energy and industry. The Managing Director…
Nigeria’s public debt per capita has risen from approximately ₦88,800 in 2016 to ₦716,800 in 2026, reflecting the country’s growth in borrowing burden over the past decade. According to data from the Debt Management Office (DMO), the country’s total public debt increased from ₦17.36 trillion in 2016 to ₦166.79 trillion as of June 30, 2026,…
FCCPC Chief Executive Officer, Tunji Bello confirmed that officials are examining the manner of the exit, particularly whether customers were left with unfulfilled services, pending payments, or other unresolved obligations.
The company discontinued its operations in Nigeria on Wednesday, September 2, 2026, following a review of its “evolving business priorities and investment focus” across Africa.
“So our dream is that we want to make sure we double the capacity of the refinery … which will take us to 1.4 million barrels per day. The IPO will open in the next 10 to 12 days,” he said, adding that the goal is to double the refinery’s capacity from its current capacity.
The Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS) on Monday, 17th August reveals that Nigeria’s inflation rate has eased to 15.43 per cent in July 2026 from 15.91 per cent in June. Nigeria’s inflation rate has eased, but food prices continue to increase. While the general rate of inflation…