Business

Petrol prices have been adjusted upward twice within 24 hours by the Nigerian National Petroleum Company Limited (NNPCL) and other fuel retailers, with NNPCL outlets now selling at as high as ₦875 per litre in parts of Abuja. A survey by DAILY POST on Thursday revealed that the latest increase came barely a day after NNPCL raised its pump price to ₦839 per litre on Wednesday, from ₦815. The new rate has taken effect at NNPCL filling stations in areas including Gwarimpa, Kubwa Express, Wuse Zones 4 and 6, as well as other parts of the Federal Capital Territory. Confirming the development, a fuel attendant at one of the stations said staff were informed of the change on Wednesday night, with sales at the new price beginning on Thursday. “We were told last night, but we started se...

] Zamfara State Governor, Dauda Lawal Dare, has hosted the head coach of the Super Eagles, Eric Chelle, at the Government House in Gusau as part of efforts to promote sports development and youth engagement in the state. The meeting, which held on Wednesday, January 28, 2026, was disclosed by the governor via his verified 𝕏 (formerly Twitter) account. Governor Lawal said discussions centered on ways to strengthen grassroots sports and expand opportunities for young people through structured sporting programmes. Describing the visit as warm and productive, the governor praised Chelle for his impact on Nigerian football. “I welcomed Mr. Éric Sékou Chelle, head coach of the Super Eagles, to my office. It was a delight to interact with such an accomplished sports professional,”...

The member representing Ogbaru Federal Constituency, Anambra State, in the House of Representatives, Afam Ogene, has urged the Anambra State Governor, Prof. Chukwuma Soludo, to reconsider his decision on the closure of the Onitsha Main Market. Ogene, in a press statement released on Thursday, expressed concern that the one-week closure would inadvertently cause further hardship and economic losses to thousands of traders, as well as have a detrimental impact on the state’s economy. He therefore called on Soludo to embrace dialogue with market leaders with the aim of diplomatically resolving the situation. The lawmaker noted that the governor’s directive to close the market has met widespread public outcry, with many questioning the constitutionality of the action. He added that th...

The Nigeria Police Force, through its National Cybercrime Centre, NPF–NCCC, has uncovered and dismantled a sophisticated cyber-enabled fraud syndicate responsible for the illegal diversion of a telecommunications company’s airtime and data resources, with estimated losses of over N7.7 billion.  Force Public Relations Officer, CSP Benjamin Hundeyin, who disclosed this in a statement on January 28, 2026, said the breakthrough followed a petition submitted by a Nigerian telecommunications firm after it detected suspicious and unauthorised activities within its billing and payments infrastructure. Hundeyin said investigations revealed that internal staff login credentials of the affected company were compromised, allowing the suspects to gain unlawful access to core systems and dive...

The Independent Corrupt Practices and Other Related Offences Commission, on Thursday, sealed a strategic partnership with the Nigerian Bar Association Anti-Corruption Committee to deepen the fight against corruption and reinforce ethical standards within Nigeria’s legal profession. The collaboration was formalised with the signing of a Memorandum of Understanding at the ICPC headquarters in Abuja, signalling a renewed commitment by both institutions to uphold integrity, accountability and the rule of law. A second MoU was also signed between the NBA-ACC and the Anti-Corruption Academy of Nigeria, the ICPC’s training and research arm, aimed at strengthening institutional and human capacity through education, research and professional development. Speaking at the ceremon...

Senate President Godswill Akpabio has rejected claims that the newly signed tax laws by President Bola Tinubu differ from the versions approved by the National Assembly. Speaking during plenary on Wednesday, Akpabio described reports alleging post-passage alterations to the gazetted tax laws as false and misleading. He stressed that the laws signed by the President faithfully reflect the resolutions reached by lawmakers in both chambers of the National Assembly. In his remarks, Akpabio dismissed allegations made by House of Representatives member Abdussamad Dakuku, who had suggested that the tax reform bills passed by parliament were not the same as the versions later released to the public. According to the Senate President, such claims are baseless. He emphasized that only docum...

Amazon has announced plans to cut 16,000 jobs worldwide as part of a broader restructuring effort, expanding on workforce reductions first signaled in October.  The tech giant had earlier indicated it would eliminate about 14,000 roles, but the latest announcement increases the scope of the layoffs as the company continues to streamline operations amid slower growth and rising costs.  According to Amazon, the job cuts are intended to simplify its corporate structure and improve efficiency. Senior Vice President Beth Galetti said the move is aimed at “reducing layers, increasing ownership, and removing bureaucracy” across teams.  The cuts are expected to affect multiple divisions globally, adding to a wave of layoffs that has swept through the global tech industry as...

The Central Bank of Nigeria (CBN) has approved the temporary use of expired National Agency for Food and Drug Administration and Control (NAFDAC) licences by importers for import documentation purposes. In a circular issued on January 26, 2026, by the Trade and Exchange Department of the apex bank and published on its website on Tuesday, the CBN said authorised dealer banks may continue to process Form M applications using NAFDAC licences that expired on December 31, 2025. The bank said the decision was necessitated by operational challenges arising from the migration from the legacy Nigeria Integrated Customs Information System II platform. According to the circular, the temporary approval takes immediate effect and will run for two months, expiring on February 28, 2026. “The ...