FCCPC Directs MultiChoice to Suspend Price Hike

Nigeria — The Federal Competition and Consumer Protection Commission has directed MultiChoice Nigeria, the operator of DStv and GOtv, to maintain its current subscription prices pending the conclusion of an ongoing investigation into the company’s proposed tariff adjustment. The consumer watchdog on Thursday, disclosed this in a statement signed by its Director of Corporate Affairs,…

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Dangote Refinery Slashes Petrol Price Again by ₦65

Lagos, Nigeria  —   Dangote Petroleum Refinery and Petrochemicals has implemented another price reduction on petrol, marking the second adjustment within a month. In a statement released Wednesday in Lagos, the company’s Head of Media Communications, Anthony Echiejina, announced a ₦65 per litre cut, lowering the ex-depot price from ₦890 to ₦825 per litre. This follows…

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FG Moves to improve Steel with Metallurgical Bill 2023

Abuja, Nigeria  —  The Federal Government has intensified efforts to rejuvenate Nigeria’s steel sector through the Nigerian Metallurgical Industry Bill 2023, aimed at strengthening regulatory oversight and fostering sustainable growth.   The Ministry of Steel Development convened a stakeholder meeting to deliberate on the Bill, which is expected to provide a structured legal and regulatory framework…

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Osinbajo, Awosika to Speak at Exponential Conference 2025

Lagos, Nigeria — The Exponential Conference 2025, a premier gathering of global ministry and marketplace leaders, is set to inspire transformative leadership with its dynamic lineup of speakers. The organizers confirmed the participation of former Vice President Prof. Yemi Osinbajo, alongside other distinguished figures, in the highly anticipated event scheduled to take place in Lagos…

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Skills Development Key to Economic Growth, Says Minister

Ibadan, Nigeria  — Minister of Education, Dr. Marufu Alausa, has emphasized that skill acquisition is now more critical than ever in driving economic growth and social development, urging greater investment in technical and vocational training. Speaking at the closing ceremony of the Technical Teachers and Instructors Training Workshop in Ibadan, the minister stressed the importance…

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FG Calls for Stronger Economic Ties with China

Abuja, Nigeria  —  The Federal Government of Nigeria has called on China to ease trade restrictions and strengthen economic collaboration to drive industrialization and diversification. This appeal was made by Ambassador Bianca Odumegwu-Ojukwu, Minister of State for Foreign Affairs, during a meeting with the Chinese Ambassador to Nigeria, Yu Dunhai, in Abuja. Highlighting over five…

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House of Reps Investigates NNPCL, Firms Over Unpaid Debts

Abuja, Nigeria  —  The House of Representatives Committee on Public Accounts has opened an investigation into outstanding debts owed to the Federation Account by the Nigerian National Petroleum Company Limited (NNPCL) and several oil firms. The probe was initiated following concerns raised by the Office of the Auditor General for the Federation, highlighting unresolved financial…

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FG, UK Partner to Boost Rice Production with SRI

Abuja, Nigeria  —  The Federal Government, in collaboration with the UK Foreign, Commonwealth and Development Office (FCDO), is intensifying efforts to enhance rice production through the System of Rice Intensification (SRI), aiming to increase yields, cut greenhouse gas emissions, and boost smallholder farmer incomes. Key agricultural stakeholders gathered at a Propcom+ knowledge-sharing event to assess…

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Senate Seeks N10bn Allocation to Boost Capital Market Literacy

Abuja, Nigeria—The Senate Committee on the Capital Market has urged the Minister of Finance, Mr. Wale Edun, to approve a special allocation of N10 billion to enhance literacy and investor confidence in Nigeria’s capital market. The appeal was made during an[ez-toc] interactive session with the Minister of Finance and the Director-General of the Securities and…

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Nigeria, Venezuela Strengthen Partnership on Mining actions

Cape Town, South Africa  — Nigeria and Venezuela have announced plans to collaborate on investment opportunities in the mining sector, reinforcing their commitment to economic diversification and sustainable resource development. The agreement was reached following high-level discussions between a Venezuelan delegation led by Deputy Minister of Mining, Alejandro Martinez, and Nigeria’s Minister of Solid Minerals…

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