By Smart Chuks Nigeria’s downstream petroleum sector is facing fresh turbulence following a sharp reduction in petrol prices by the Dangote Petroleum Refinery, a move that has unsettled fuel importers and marketers already grappling with thin margins in a volatile market. Industry players warn that the latest price adjustment could translate into billions of naira […]
Fintech operators like Opay and PalmPay led Nigeria’s mobile money transactions haul of N79.55 trillion in 2024, a 69.58 percent increase from 2023. Since 2020, mobile money transactions have grown by 2,507.94 percent, mirroring the surge in electronic payments, which crossed over N1 quadrillion last year. While fintechs continue to thrive, telecom operators are struggling
By Smart Chuks For millions of Nigerians struggling with rising transport fares and the knock-on effects of high fuel costs, a modest sense of relief may finally be in sight. The Dangote Petroleum Refinery has resumed the sale of Premium Motor Spirit (PMS) in naira and has simultaneously reduced its ex-gantry petrol price, a move
