Category Archives: Business

As competition in Nigeria’s petroleum sector heats up, independent marketers are reportedly weighing the option of abandoning the Nigerian National Petroleum Company Limited (NNPCL) in favor of Dangote Petroleum Refinery. The shift is fueled by an escalating price war, which has seen Dangote’s refinery offering refined products at more competitive rates than the state-run oilContinueContinue reading “Fuel Market Showdown: Marketers Consider Ditching NNPCL as Price War with Dangote Intensifies”

In a landmark ruling, a Federal High Court in Abuja has declared the Federal Government’s N10 excise duty on carbonated drinks invalid, delivering a major victory for beverage manufacturers and consumers.The decision, first reported by Nigerian Stories via its official X handle, comes after months of legal battles and public outcry against the controversial levy,ContinueContinue reading “Federal High Court Strikes Down FG’s N10 Excise Duty on Carbonated Drinks”

In a bold move to protect consumer rights, the Federal Competition and Consumer Protection Commission (FCCPC) has called on Nigerians to report loan apps and businesses that engage in harassment over unpaid debts. The commission made this announcement via Nigerian Stories’ official X handle, emphasizing that “No consumer should live in fear.”The FCCPC’s statement comesContinueContinue reading “FCCPC Urges Nigerians to Report Loan Apps Harassing Them Over Unpaid Debts”

In a shocking turn of events, butchers in Lagos State have raised the alarm over skyrocketing cow prices, with the cost of purchasing a single cow now reaching a staggering N1.7 million. This alarming surge in prices has sent shockwaves through the local meat industry, leaving many butchers struggling to make ends meet.The price hike,ContinueContinue reading “Crisis in Lagos: Butchers Sound Alarm as Cow Prices Surge to N1.7 Million”

In a groundbreaking move set to reshape Nigeria’s energy landscape, the Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) has sealed a strategic agreement to commence the nationwide distribution of Dangote Refinery’s premium motor spirit (PMS).The announcement was made via the official X handle of Nigerian Stories, sparking widespread reactions from industry stakeholders andContinueContinue reading “Dangote Refinery Strikes Landmark Deal with Petroleum Retailers for Nationwide Fuel Distribution”

The Minister of Marine and Blue Economy, Gboyega Oyetola, has announced the Federal Government’s plan to implement the National Single Window (NSW)—a game-changing initiative designed to streamline operations, enhance efficiency, and significantly reduce the cost of doing business at Nigerian ports.The announcement was made through the official X handle of Nigerian Stories, highlighting the government’sContinueContinue reading “Oyetola Unveils National Single Window Initiative to Slash Business Costs at Nigerian Ports”

The Central Bank of Nigeria (CBN) has announced a significant relief measure for Bureau de Change (BDC) operators by waiving the 2025 license renewal fee. This groundbreaking decision was shared through Nigerian Stories’ official X (formerly Twitter) handle, capturing the attention of financial stakeholders across the nation.In an official statement, the apex bank explained thatContinueContinue reading “CBN Grants 2025 License Renewal Fee Waiver for BDC Operators to Ease Financial Burden”

In a welcome relief for Nigerian households, the average retail price of refilling a 12.5kg cylinder of Liquefied Petroleum Gas (LPG), popularly known as cooking gas, has dropped by a substantial 13.3% month-on-month (MoM) in January 2025. The price fell to N16,250 from N18,750 in December 2024, sparking optimism among consumers struggling with rising costsContinueContinue reading ““Cooking Gas Prices Drop Significantly by 13.3% in January 2025: What This Means for Consumers””

In a stunning turn of events, Nigerian fuel marketers are reportedly reconsidering their reliance on the Dangote Petroleum Refinery due to a sharp drop in the cost of imported petrol. The revelation was made on the official X handle of Nigerian Stories, sparking widespread discussions about the implications for the domestic oil sector.According to industryContinueContinue reading ““Fuel Marketers Mull Shift from Dangote Refinery Amid Falling Import Prices””

The once-prestigious culture of owning cutting-edge smartphones has persisted in Nigeria despite the nation’s persistent economic challenges. However, a significant shift is underway as more Nigerians are turning to foreign used phones, abandoning their preference for brand-new devices. This change is fueled by growing concerns about the rapid depreciation of new smartphones and a lackContinueContinue reading “Fast Depreciating Values: Nigerians Shift to Foreign Used Phones Amid Economic Woes”