Nigerians, business owners in squeeze amid fourth inflation decline
Nigeria’s inflation rate has dropped for the fourth month in a row, but the reality for citizens and business owners has not improved. Daily life remains tough as food, fuel, and transport prices continue to rise despite the official numbers showing progress. According to INFOLAND, inflation eased to 21.88 percent in July from 22.22 percent […]
Again, Nigerian filling stations reduce fuel prices to woo buyers
Nigerian fuel stations, including members of the Independent Petroleum Marketers Association of Nigeria (IPMAN), have lowered petrol prices for the second time this week to attract more buyers. Abubakar Maigandi, the National President of IPMAN, told INFOLAND on Friday that petrol now costs between N860 and N870 per litre in Lagos, and between N895 and […]
Billionaire businessman, Bill Chisholm officially takes over basketball club Boston Celtics in $6.1bn deal
American billionaire Bill Chisholm has officially taken over the Boston Celtics after the NBA approved a record-breaking $6.1 billion sale. The announcement comes five months after the deal was first agreed. The NBA confirmed in a statement that its Board of Governors unanimously approved the sale of the controlling stake in the Celtics to an […]
Indian refiners abandon Russia for Nigerian crude, as Dangote Refinery relies on US
Indian oil refiners have switched from Russian crude to Nigerian oil, while the Dangote Refinery in Nigeria is now depending heavily on West Texas Intermediate crude from the United States. This change follows a warning from US President Donald Trump, threatening sanctions on India if it continued to buy oil from Russia. Industry insiders told […]
Nigerian businesses to lose billions of naira as 25-day blackout hits Lagos, Ogun
Businesses, banks, and manufacturers in Lagos and parts of Ogun State may lose a lot of money as a 25-day power cut begins. The electricity companies, Ikeja Electric and Eko Electricity Distribution, made separate announcements last Friday that there will be daily blackouts in Lagos and some areas in Ogun State, like Agbara. Eko DisCo […]
Dangote: Africa must curb wealth concentration – Ex-CBN Deputy Gov, Moghalu
Former Central Bank of Nigeria (CBN) Deputy Governor, Professor Kingsley Moghalu, has said that African leaders are not thinking wisely about how to reduce the wide gap between the rich and the poor. He explained that the continent has a serious problem because only four billionaires in Africa have more money than half of the […]
Real estate overtakes oil in Nigeria’s economy after GDP rebasing
Nigeria’s economy has grown to ₦372.8 trillion in 2024, which is about $145.3 billion using the current exchange rate. This growth was largely due to improvements in the services, industrial, and agriculture sectors. However, even with this growth, many Nigerians are still struggling. Inflation remains very high. As of June 2025, food inflation is 21.97% […]
Dangote Halts Fuel Discount Scheme Amid Fraud Allegations
The Dangote Petroleum Refinery has stopped its discounted fuel supply program after it found out that some of its affiliate marketers were abusing the system. These marketers were supposed to sell the discounted fuel directly to customers at their stations, but instead, they sold it to outside dealers for higher profits. An investigation by the […]
Marketers Protest As Dangote Moves To Crash Cooking Gas Price
Aliko Dangote, the president of the Dangote Group, has shared plans to reduce the price of cooking gas (LPG) in Nigeria. He said he might start selling directly to consumers if current sellers do not agree to lower the price. But many people working in the gas business are not happy about this move. They […]
Nigerian marketers reduce fuel prices as FG shuts down economy in honour of Buhari
Nigerian fuel marketers have decided to lower the cost of petrol, starting from Tuesday, July 15. This decision comes as the Nigerian government shuts down operations for the day due to a public holiday declared in honour of the late former President Muhammadu Buhari. Abubakar Maigandi, who leads the Independent Petroleum Marketers Association of Nigeria […]