The Dangote Petroleum Refinery has again increased the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, to N1,275 per litre, marking the fifth upward review in three weeks. The latest adjustment represents a N100 increase from the N1,175 per litre sold earlier in the month, translating to an 8.5 per cent rise,…
The dream by Nigerians of homeownership is taking a bold new turn and those who move early will gain the most. Through a strategic partnership with the Ministry of Finance Incorporated Real Estate Investment Fund (MREIF), First Bank of Nigeria Limited is unlocking access to one of the most affordable mortgage windows currently available in…
Olusegun Alebiosu MD/CEO FBN Ltd For millions of Nigerians, homeownership has long felt like an ambition deferred. Squeezed by rising property prices, persistent double-digit inflation and high commercial lending rates, the dream of owning a home has remained just that – a dream. But that narrative is quietly changing. Thanks to FirstBank. The N1 Trillion…
Egbin Power Plc, Nigeria’s foremost power generation company, has once again demonstrated its unwavering commitment to its workforce with the unveiling of 80 new residential housing units for employees within its plant premises in Egbin, Lagos State. This strategic investment underscores the company’s philosophy that a well-supported workforce is fundamental to sustained operational excellence. The…
For many Nigerians, home ownership has always felt like a long dream parked somewhere between someday and maybe. However, the MREIF Mortgage Loan by FirstBank of Nigeria is quietly changing that narrative. Here are five things you should know: Designed for Real People. This is not a luxury only scheme. It is structured to help…
Canal+, the new owner of Multichoice Group, is set to discontinue Showmax, the video streaming platform, as part of a broader cost-cutting drive. According to reports, the decision comes after a review of the company’s streaming operations, with Canal+ seeking to reduce expenses and streamline its business. Nairametrics reports that MultiChoice and Canal+ confirmed the…
The Joint Revenue Board (JRB) has banned the use of roadblocks for tax collection across the country. This is as part of the rollout of new Presumptive Tax Regulations. The regulations were unveiled by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, as part of efforts to streamline tax administration and…
Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos, on Wednesday, admitted in evidence more documents tendered by the Economic and Financial Crime Commission, EFCC, in the alleged N76bn, $31.5m fraud trial involving a former Managing Director of the Asset Management Corporation of Nigeria (AMCON), Ahmed Kuru, and others. Kuru, alongside Kamilu…
Sustainability has become a critical priority for businesses and governments across the world, driving growth, innovation, and positive change. As the world grapples with climate change, social inequality, and economic uncertainty, organisations are recognising the importance of adopting sustainable practices that balance Environmental, Social, and Governance considerations. In Nigeria, the sustainability agenda has become a…
The Lagos State Government on Monday announced the approval of a 13 per cent increase in all Bus Reform Initiative (BRI) scheme fares. This upward review of transportation fare also affects the Bus Rapid Transit (BRT) and standard routes. This was contained in a statement issued by the Head Corporate Communication for the Lagos Metropolitan…
