…has been announced, the sustained rise in crude prices could force refiners and importers to review their rates as replacement costs increase.PAY ATTENTION: From breaking news to viral moments. Follow Legit.ng on Instagram!The development threatens to place additional pressure on households, transport operators and bus…

…Photo: BloombergImagesOutlook for the nairaThe naira could face renewed pressure as importers seek foreign currency ahead of the holiday season, while investors take profits on securities.Market participants have also indicated that further intervention by the Central Bank of Nigeria may be needed in the coming week to…

…market. In a notice issued on October 19, 2026, the NCC reminded manufacturers, importers, distributors, dealers and retailers of their obligations under the Nigerian Communications Act 2003, the Type Approval Regulations 2024 and the Type Approval Business Rules 2024. The commission stated that all device models inten…

…chain, which include the Nigeria Customs Service, Original Equipment Manufacturers, importers and relevant market associations, adding that “this collaborative approach reflects our belief that effective regulation is best achieved through partnership, consultation and shared responsibility, consistent with firm belief…

…reports that the commission is working with the Nigeria Customs Service, manufacturers, importers and dealers to ensure devices entering Nigeria are properly authenticated.The system is designed to help regulators track importation details, including the identity of importers, the dates devices entered the country and…

…reserves could provide additional support for the foreign exchange market as importers prepare for increased demand ahead of the December festive season.Last week, dollar transactions climbed to $3.37 billion from $1.70 billion a week earlier, with spot transactions accounting for almost all the increase.Analysts give…

…authenticity and encourage responsible pesticide management. It called on manufacturers, importers, distributors, farmers, and members of the public to support ongoing regulatory enforcement by complying with statutory guidelines and reporting suspected illegal or unsafe products through its nearest offices or official…

…responsible practices across the agricultural value chain, from manufacturers and importers to distributors, agro-input dealers and farmers.Giving details of the agency’s enforcement operations, Adeyeye said NAFDAC seized banned agrochemicals worth more than ₦800 million in Ogun, Ondo, Osun and Oyo states in 2025.Betwe…

…on petrol landing and ex-gantry costs.Under the proposed arrangement, refiners and importers would temporarily absorb costs above the ceiling and recover the difference later as market conditions improve.The government has maintained that the measure does not represent a return to the petrol subsidy removed in 2023.Ins…

…power or renewable energy,” the minister said. The announcement provides relief to solar importers, installers and consumers who had feared that an immediate restriction would disrupt supply, increase equipment prices and undermine investments in off-grid electricity systems.See more Punch stories on Google.Add Punch o…

…landing cost of petrol to keep pump prices stable," Oyedele said. He said refiners and importers would initially absorb costs above the ceiling and recover the shortfall later when market conditions allowed. Oyedele described the arrangement as a price-smoothing mechanism rather than a subsidy or price control."The re…

…Punch stories on Google.Add Punch on Google Under the proposed arrangement, refiners and importers would absorb any shortfall when costs rise above the ceiling and recover the difference when crude prices or the exchange rate become more favourable. Oyedele said, “The government is negotiating a ceiling of 1,350 naira…

…refinery owners in Nigeria would qualify under the arrangement, effectively excluding importers of refined petroleum products from the scheme.Reactions to Amaechi's fuel planThe proposal generated debate on social media, with several Nigerians questioning its practicality.@NigIsland wrote: "Amaechi is simply repackagin…

…routine transactions away from the street market. For businesses, manufacturers, and importers relying on foreign exchange for international trade, this currency stability offers much-needed predictability for cost planning. Analysts note that the trajectory of the naira in upcoming trading sessions will hinge on susta…

…supplied account provides no independently verified loading data.For private depots and importers, losing buyers to the refinery means competing more aggressively for the remaining orders.Expectations can be as influential as actual price changes. When marketers anticipate a Dangote price reduction, they may postpone p…

…with attendee Dele Badejo describing the event as a pivotal stepping stone for local importers looking to diversify into non-oil exports. Reaffirming the institution’s long-term strategy, the Divisional Executive at Wema Bank, Tajudeen Bakare, emphasized that the bank’s relationship with the cohort extends far beyond c…

…the PIA prohibits petroleum product imports or bars the NMDPRA from licensing eligible importers.PAY ATTENTION: From breaking news to viral moments. Follow Legit.ng on Instagram!He added that the regulator is legally required to promote competition in the midstream and downstream petroleum sector and prevent the abuse…

…rate from the one recorded at NFEM. Movements in the exchange rate remain relevant to importers, manufacturers and businesses with foreign-currency commitments, while consumers can also feel the impact through the prices of imported products and internationally priced goods and services.

…to 3,925 per dollar on September 24.Reuters reported that demand for dollars from energy importers, manufacturers and other businesses was weighing on the currency.Ghana’s cedi has also faced pressure. Reuters reported that the currency traded around GH¢11.50 per dollar on September 17, up from about GH¢11.45 a week ea…

…to promote competition and prevent abuse of dominant positions. The decision strengthens importers’ position in the wider dispute over domestic refining and foreign fuel supplies. Dangote Refinery losses court battle against fuel imports as NMDPRA proposes new rules against price fixing. ImagesDangote has separately ch…

…participate in the survey.” The stakeholders targeted include licensed customs agents, importers, exporters, bonded warehouse and terminal operators, shipping lines and airline operators, free trade zone operators, excise traders and transporters. The Service directed Command PROs to work closely with Customs Area Cont…

…Downstream Petroleum Regulatory Authority. Dangote Refinery to ban fuel sales to petrol importers, marketers

…further as increased dollar supply continued to support trading conditions.Good news for importers, dealers and others as naira sustains gains against the USD. ImagesData published by the Central Bank of Nigeria (CBN) showed that the Naira gained N1.29 from Thursday’s closing rate of N1,338.58 per dollar.PAY ATTENTION:…

…as Dangote Refinery sells at N1,165. Photo: BloombergImagesThat figure represents what importers would pay after factoring in international refined-product prices, freight, financing, foreign exchange, port charges and other associated costs.PAY ATTENTION: From breaking news to viral moments. Follow Legit.ng on Instagr…

…released guidelines for the implementation of the policy, which allowed qualified importers to bring in the affected commodities at zero import duty and other associated levies.Although the 2024 measure was presented as a temporary intervention, subsequent fiscal and tariff reforms have altered the import regime.In 202…