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The Nigerian National Petroleum Company (NNPC) has debunked a viral video claiming Dangote Refinery’s petrol is superior. NNPC dismissed the fuel comparison test as misleading and unscientific. The company warned against misinformation, reaffirming its commitment to quality and threatening legal...
The Central Bank of Nigeria (CBN) has introduced new ATM withdrawal charges, requiring customers to pay ₦100 per ₦20,000 withdrawn from other banks' ATMs. Off-site ATMs will incur an additional ₦500 surcharge. The policy, effective March 1, 2025, aims to ensure cash availability while helping...
The NNPCL has refuted claims in a viral video alleging its fuel burns faster than Dangote Refinery’s. The company dismissed the test as flawed and misleading, emphasizing that its PMS meets industry standards. NNPCL warned against misinformation and vowed legal action against false claims aimed...
![Today's Naira Rate [14-02-2025]: Naira Strengthens in Parallel Market, Holding at N1,570/$1](/data/attachments/213/213474-fe4f456557ac46841395d40aa8ea5439.jpg?hash=FXjrHIaYd4)
The Nigerian naira has stabilized in the parallel market at N1,570/$1 after fluctuating earlier in the week. Meanwhile, official rates show minor declines. Despite this relative stability, analysts warn that market forces, policy interventions, and dollar supply will continue to influence the...
The Central Bank of Nigeria (CBN) has warned banks against limiting ATM withdrawals below ₦20,000 per transaction, threatening sanctions for non-compliance. The new policy also introduces a ₦100 fee for withdrawals from other banks’ ATMs. Customers are encouraged to report violations and explore...
MTN Nigeria has apologized after a 200% price hike on its 15GB data bundle sparked public outrage. Customers slammed the move on social media, prompting MTN to issue a casual apology, urging forgiveness. The Nigerian Labour Congress condemned the hike, while other telecoms may follow suit.
MTN...
President Bola Tinubu met with Google CEO Sundar Pichai in France to discuss a strategic AI partnership. The collaboration aims to enhance cloud infrastructure, boost AI research, and position Nigeria as a global technology hub. The initiative aligns with Tinubu’s Renewed Hope Agenda for digital...
Lagos, Nigeria – February 9, 2025 – In a continued effort to uplift and support vulnerable children, Bcbet.ng, operated by Blockdance Africa Limited, successfully executed a two-day Corporate Social Responsibility (CSR) initiative on February 7th and 8th, 2025. The initiative focused on...
![Today's Naira Rate [12-02-2025]: Naira Falls to N1,570/$1 as Forex Shortage Persists](/data/attachments/213/213389-e4a2172565e06538ffb086f5ae94c27a.jpg?hash=bRaHhFf4n0)
The naira depreciated further, trading at N1,570/$1 in the parallel market amid rising forex demand and limited supply. It also weakened against the pound and euro. Despite CBN’s interventions, analysts warn of continued depreciation unless forex liquidity improves. Governor Cardoso vows strict...
Dangote Refinery has reduced diesel prices from N1,075 to N1,020 per litre, marking another price cut since January. Experts commend its impact on fuel price stabilization and economic relief. With global firms like BP and Saudi Aramco buying Nigerian fuel, the country is emerging as a key...
The Nigeria Customs Service (NCS) has suspended the 4% free-on-board (FOB) levy on imports to allow for stakeholder consultations. The decision follows concerns from businesses about rising costs and inflation. Authorities will review the policy and engage industry players before determining the...
The Central Bank of Nigeria (CBN) has scrapped the three free monthly ATM withdrawals for customers using other banks’ ATMs. Effective March 1, 2025, all such transactions will now incur charges. The CBN says the move aims to improve ATM efficiency and encourage digital banking, but customers...
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