Ogaga Ariemu
Writer and Editor at Daily Post (Nigeria)
Brilliant Journalist/Researcher/Advertiser/Salesperson, see profile at https://t.co/9UYDr4cWCr
Articles
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1 week ago |
dailypost.ng | Ogaga Ariemu
The Nigerian National Petroleum Company Limited, NNPCL, has reduced the pump price of premium motor spirit, PMS. DAILY POST correspondent who went round NNPCL filling stations at Kubwa Expressway, Central Business District, and Wuse Zone 4, Abuja, on Saturday gathered that the state-owned oil firm has slashed its petrol price to N895 per litre from N910. This showed that NNPCL reduced its fuel pump by N15.
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1 week ago |
dailypost.ng | Ogaga Ariemu
The Nigerian Electricity Regulatory Commission said electricity customers within the Abuja Electricity Distribution Company franchise received a N28.99 billion monthly electricity subsidy. This was disclosed in NERC’s Multi-Year-Tariff Order for AEDC in May, 2025. NERC explained that the electricity subsidy allowed tariffs for Bands B-E customers have been frozen since 2022.
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1 week ago |
dailypost.ng | Ogaga Ariemu
Nigeria’s currency, the naira, recorded depreciation against the dollar at the parallel foreign exchange market to end the week on a negative note. Bureau de Change operator in Wuse Zone 4, Abuja, Abubakar Alhasan, confirmed to DAILY POST that the naira dropped to N1,628 per dollar on Friday from N1,623 traded on Thursday. “We buy at N1,624 per dollar and sell between N1,628 and N1,630 per dollar due to a surge in demand,” he told DAILY POST on Friday.
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1 week ago |
dailypost.ng | Ogaga Ariemu
The Independent Petroleum Marketers Association of Nigeria has said the price of Premium Motor Spirit may nosedive further to N800 per litre in the coming days. IPMAN spokesperson, Chinedu Ukadike disclosed this to DAILY POST in an interview. According to him, with partnership between petroleum marketers and Dangote Refinery, petrol prices may crash further from an average price of between N875 and 910 per litre in Lagos and Abuja.
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1 week ago |
dailypost.ng | Ogaga Ariemu
Investors in Nigerian Exchange Limited shed N48 billion to end the week on a bearish note Friday. NGX data showed that stocks’ key performance indicators dipped by 0.07 percent. Accordingly, the market capitalisation declined by 0.07 percent, or N48 billion, to close at N70.462 trillion from N70.510 trillion recorded on Thursday. The All-Share Index also dropped by 0.07 percent, or 76.07 points, to close at 111,742.01, down from 111,818.08 posted on Thursday.
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