- FG alerts Nigerians ahead of electricity tariff hike
- NCDC tightens security around airport as Uganda suffers Ebola outbreak
- Marketers fear losses as news of Dangote Refinery slashes price
- Naira appreciates against US dollar in foreign exchange market
- ALTON reveals that telecoms will soon implement new tariff
Across Nigeria’s 36 states and the Federal Capital Territory, these are the five top Nigerian news stories you shouldn’t miss.
FG alerts Nigerians ahead of electricity tariff hike
The Federal Government has announced that it is working on an electricity tariff hike that will be introduced within the coming months.
However, they also emphasised that subsidies for lower-income users should complement this proposed increase.
“One of the main challenges we aim to tackle in the next few months is finding a balance between cost-effective and cost-reflective tariffs,” Special Adviser to President Bola Tinubu on Energy, Olu Verheijen said.
NCDC tightens security around airport as Uganda suffers Ebola outbreak
In light of the Ebola Virus Disease outbreak confirmed in Uganda, the Nigeria Centre for Disease Control and Prevention (NCDC) has tightened surveillance at the country’s entry points, including airports.
The agency also urged Nigerians to avoid non-essential travel to the impacted nations.
In a public health advisory issued by Dr Jide Idris, the Director-General of the NCDC, it was emphasised that there are currently no reported cases of Ebola in Nigeria.
Marketers fear losses as news of Dangote Refinery slashes price
Marketers have indicated that the recent price cut by the Dangote refinery may have been prompted by warnings that some traders were considering turning to importation if the prices of foreign PMS continued to be lower than the ex-depot rates for locally refined products.
“In a significant effort to provide economic relief for Nigerians, Dangote Petroleum Refinery has decreased the ex-depot price of Premium Motor Spirit, commonly referred to as petrol, from ₦950 to ₦890 per litre, effective Saturday,” announced the Group’s Chief Branding and Communications Officer, Anthony Chiejina.
However, marketers noted that this price reduction could have both benefits and drawbacks for their businesses.
It was reported that some marketers who purchased the product just hours before the announcement would be compelled to sell at a loss, leading to debts amounting to millions of naira.
Naira appreciates against US dollar in foreign exchange market
In January 2025, Nigeria’s exchange rate saw a significant appreciation, increasing by ₦63.72 against the dollar to finish the month at ₦1,474.78/$ on January 31 in the Nigerian Foreign Exchange Market.
As reported by the FMDQ Securities Exchange Limited and the Central Bank of Nigeria, this rise of 4.14% marks the highest value of the local currency in the past seven months.
Eligible currency dealers reported the dollar price ranging from ₦1,495.01/$ to ₦1,447.50/$ in the official foreign exchange market.
ALTON reveals that telecoms will soon implement new tariff
The Association of Licensed Telecommunications Operators of Nigeria (ALTON) has declared that telecom companies will begin implementing new tariffs in March.
On January 20, the Nigerian Communications Commission (NCC) authorised a 50% tariff increase for these companies.
Gbenga Adebayo, ALTON’s chairman, indicated that the telecoms will announce their tariffs separately and are currently filing, reviewing, and obtaining approvals from the regulatory body.
