Daily Post has shared on its online handle that, In a swift move that sent ripples across the downstream petroleum sector, several filling stations in Abuja have slashed the pump price of Premium Motor Spirit (PMS) following the Federal Government’s suspension of its proposed 15% import duty on petrol and diesel.Daily Post can confirm thatContinueContinue reading “BREAKING: Fuel Price Crash in Abuja as FG Halts 15% Import Duty — Pump Price Drops Nationwide”
Category Archives: Business
Dollar Soars as Naira Wobbles: Black Market Hits ₦1,505 per $1 on September 29, 2025
By Business Desk Nigeria’s foreign exchange market witnessed yet another dramatic twist on Sunday, September 28, 2025, as the naira struggled against the United States dollar in the parallel market, popularly known as the black market or Aboki FX.According to bureau de change operators in Lagos, the dollar exchanged at ₦1,505 for sellers and ₦1,485ContinueContinue reading “Dollar Soars as Naira Wobbles: Black Market Hits ₦1,505 per $1 on September 29, 2025”
Cooking Gas Prices Hit Nigerians Hard: ₦990/kg in Some States, Soaring to ₦1,600 in Others
The price of refilling Liquefied Petroleum Gas (LPG), popularly known as cooking gas, has continued to fluctuate sharply across Nigeria, leaving households struggling to keep up with daily kitchen needs.A Naija News market survey reveals that while a handful of outlets, such as BOVAS and Ise-Olorun filling stations, now sell at ₦990 per kilogram—the mostContinueContinue reading “Cooking Gas Prices Hit Nigerians Hard: ₦990/kg in Some States, Soaring to ₦1,600 in Others”
Relief at Last: Food Prices Begin to Fall, Easing Pressure on Nigerian Households
After months of biting inflation and food insecurity, a welcome wave of price reductions is sweeping through markets in Lagos and other major Nigerian cities—bringing much-needed relief to households struggling under the weight of economic hardship.A market survey conducted last week across prominent markets like Ogba, Ile-Epo, and Iddo in Lagos revealed a significant declineContinueContinue reading “Relief at Last: Food Prices Begin to Fall, Easing Pressure on Nigerian Households”
MultiChoice Announces Another Price Hike for DStv, GOtv—Subscribers Groan
MultiChoice, the parent company of DStv and GOtv, has once again announced an increase in subscription prices, set to take effect from March 1, 2025. This marks yet another price adjustment, sparking frustration among Nigerian subscribers already grappling with economic hardship.The company disclosed the new rates in a statement sent to its customers on Monday,ContinueContinue reading “MultiChoice Announces Another Price Hike for DStv, GOtv—Subscribers Groan”
Naira Slips to ₦1,570/$ in Parallel Market as Forex Pressure Mounts
The Naira continued its volatile trajectory in the foreign exchange market, sliding to ₦1,570 per dollar in the parallel market on Wednesday, marking a ₦10 depreciation from ₦1,560/$ recorded the previous day.Conversely, the local currency showed slight resilience in the Nigerian Foreign Exchange Market (NFEM), appreciating marginally to ₦1,513 per dollar, up from ₦1,513.1/$ onContinueContinue reading “Naira Slips to ₦1,570/$ in Parallel Market as Forex Pressure Mounts”
N500m Subsidy: Poultry Farmers Predict Egg Price Drop Amid Lagos State’s Feed Support Initiative
The Poultry Association of Nigeria (PAN), Lagos State chapter, has projected a significant drop in egg prices following the implementation of the Lagos State Farmers’ Feed Subsidy Programme. The initiative, which provides a 25% subsidy on poultry and fish feeds, is expected to ease production costs and stabilize the market.Speaking in an interview with theContinueContinue reading “N500m Subsidy: Poultry Farmers Predict Egg Price Drop Amid Lagos State’s Feed Support Initiative”
Tony Elumelu Calls for Global Backing to Empower Young African Entrepreneurs
Vanguard Newspaper, through its official X handle, has announced that Tony Elumelu, Chairman of the Tony Elumelu Foundation (TEF), is rallying global support for young African entrepreneurs as a catalyst for the continent’s transformation.Speaking at the Legacy Builders Palm Beach Conference in Florida, U.S., Elumelu, who also chairs UBA Group Plc and Heirs Holdings, emphasizedContinueContinue reading “Tony Elumelu Calls for Global Backing to Empower Young African Entrepreneurs”
2025: FG Unveils Ambitious Industrialisation Plan, Set to Conduct MSMEs Census
In a bold move to drive Nigeria’s industrial transformation and economic growth, the Federal Government has unveiled a comprehensive strategy for 2025, with a major focus on micro, small, and medium enterprises (MSMEs). The Federal Ministry of Industry, Trade, and Investment (FMITI) announced plans to conduct a nationwide MSMEs census, which will serve as aContinueContinue reading “2025: FG Unveils Ambitious Industrialisation Plan, Set to Conduct MSMEs Census”
Naira Gains Strength: Nigerian Stories Reports Appreciation to N1,595 per Dollar
In a welcome development for Nigeria’s economy, Nigerian Stories has announced via its official X (formerly Twitter) handle that the naira has appreciated to N1,595 per dollar. This marks a significant improvement in the exchange rate, offering a glimmer of hope to businesses and individuals grappling with currency fluctuations.The strengthening of the naira comes amidContinueContinue reading “Naira Gains Strength: Nigerian Stories Reports Appreciation to N1,595 per Dollar”
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