
Business
Again, Dangote refinery cuts petrol price to N815/litre


The price competition within the downstream oil sector persisted on Thursday as the Dangote Refinery discreetly implemented a price reduction at its loading gantry, lowering the cost of petrol loading from N825 to N815 per litre.
This marks the third time in 2025 that the Dangote Refinery has reduced the loading cost of petrol, following previous adjustments on February 1 and February 26.
The new pricing structure introduced on Thursday was reportedly met with enthusiasm by oil marketers, who consequently chose to bypass private depot owners and began sourcing their products directly from the refinery.
This N10 reduction in price is also expected to elicit a competitive response from private fuel depots, which may lower their prices to retain their market share.
On Tuesday, the landing cost of imported petrol in Nigeria decreased to N774.72 per litre, with industry analysts suggesting that the ongoing decline in prices could result in a reduction of pump prices to approximately N800 per litre.
The overall cost, which encompasses various expenses such as shipping, import duties, and exchange rate fluctuations, has led retail marketers to favour importation over sourcing products from the Dangote Refinery.
It was speculated that the landing cost could potentially reduce the pump price to N800 per litre, a factor that may have influenced the refinery’s decision to implement a recent price reduction.
In response to this development, depots in Lagos have begun adjusting their prices, with selling rates now ranging between N820 and N839 per litre to align with the refinery’s revised pricing.
Business
First Bank launches Digital Xperience Centre at UNN


First Bank of Nigeria has officially inaugurated its Digital Experience Centre at the University of Nigeria, Nsukka (UNN), Enugu State, as part of efforts to revolutionise the banking industry in Nigeria.
The bank stated that the centre is the sixth fully automated branch, the first in the Southeast region, and will operate 24 hours a day, providing digital and physical banking services.
Speaking during the launch, the Managing Director of the bank, Mr Olusegun Alebiosu, praised the longstanding relationship between the bank and UNN, which he noted has existed for decades.

• First-Bank-of-Nigeria-Digital-Experience-Centre
He recalled that the land on which the bank is situated was generously provided to First Bank at no cost by the university authorities.
He outlined the key features of the centre, which include Automated Teller Machines (ATMs) for account updates, ATM card issuance, and fixed deposit booking; Teller Cash Recyclers (TCRs) for quicker cash dispensing and management; as well as humanoid robots to assist customers with inquiries and transactions.
Mr. Alebiosu, disclosed that similar centres had been previously commissioned at different locations across Nigeria.
The other centres, he said, included those at Adetokunbo Ademola branch, Victoria Island, University of Ibadan, Wuse Branch, Abuja, Banana Island and that of Admiralty way.
He explained that the Digital Xperience Centre is a significant leap by FirstBank towards revolutionizing the banking industry in the country as it is a state-of-the-art hub which puts customers at an advantage in experiencing world class innovative banking services thereby exploring the future of banking firsthand.
Alebiosu, emphasized that the facility is designed to cater to the growing and evolving needs of consumers and the banking public, enabling customers to navigate the digital landscape with confidence.
“The initiative aligns with the Bank’s commitment to delivering exceptional customer experiences and staying at the forefront of financial innovation.
“The FirstBank Digital Xperience Centre at University of Nigeria Nsukka offers 24/7 tech driven services for seamless, fast and secure transaction, saying “Come experience smart banking today” he stated.
Asked why the emphasis on University Campuses, the First bank (CEO), said you know the future is digital, and the students are the future of Nigeria so, it’s an Innovation to strengthen those who owns tomorrow.
“I mean, wether we like it or not, the young ones will replace us. And so, if the future is digital, and this is a university environment where people are educated, and they can also operate some of these machines easily, it is important we bring the Centre closer to them.
“Like i said earlier, this is a 24/7 Centre that is self service and allows you to do things easily. For example, it allowes you to deposit your money, and the system will analyse the denominations and give you your receipt like teller.
“You can also use one of the machines to carry out money transfer, ask for your statement of account. Also, the other machine you are seeing there can allow you to get your ATM card.
” What you just need to do, is to key in your account number, and provide your biometrics, place your finger, and the system will recognize you and then, we will send you an OTP on your phone so as to truly authenticate again that you are truly the real person, after that, there will be a number for you to put in there, and in less than three minutes your ATM card is out . So, of your ATM card is missing, you don’t have to border your self”
The First Bank chief, however, thanked the UNN authorities for the cordial relationship that has existed between the institution and Firstbank over the years, assuring the leadership of a continue partnership with the university.
Mr Calistus Obetta, the Group Executive for Technology, Digital Innovations and Technology Services, described the FB Digital Technology Experience as a blend of digital and physical experiences.
He explained, “Whether you are doing account opening or withdrawal, they can be done without hitches. It reflects the dynamics of the era. The banking operations are now available twenty-four hours.”
The Vice Chancellor of UNN, Prof Oguejiofor Ujam, at the event, highlighted that First Bank had been a valuable partner to the institution and expressed his commitment to sustaining the relationship.
He stated, “UNN has been doing business with First Bank for a long time. It is an honour that UNN is the first university to get this digital experience in the country.”
Business
UBA Unveils Upgraded PoS Terminal, Revamped MONI App to Accelerate Digital Payments, Empower Businesses Across Africa

…New UBA PoS, UBA MONI App Offer instant Payment, Real-Time Network Monitoring

Africa’s Global Bank, United Bank for Africa (UBA) Plc, has unveiled its vastly improved Point of Sale (POS) Terminal as well as the UBA MONI App to redefine the digital payment landscape and empowering small and Medium Scale Enterprises across Africa.
The upgraded platforms form part of the bank’s ongoing campaign with the theme: Innovation for Progress: Empowering SMEs, Connecting Communities, Simplifying Banking.
The newly improved PoS, which provides customers efficiency and ease in transacting their businesses, boasts of exciting features designed to boost efficiency, transparency, and trust for merchants; including instant settlement, real-time monitoring, pay-by-link functionality, and a 100% transaction success rate.
With the new service, customers can enjoy flexibility, as the terminals have been equipped to serve businesses of all sizes, providing the speed, reliability and fast-paced services demanded by today’s merchants.
The UBA MONI App which is designed to further strengthen UBA’s agency banking network has also been modified with new features including instant settlement, pay-by-transfer options, secret question security, an enhanced inbox, and a redesigned homepage – offering agents and customers an even more intuitive and secure experience. This is in addition to its core features of instant account opening with BVN/NIN, real-time transfers, cash deposits and withdrawals, airtime/data payments with agent discounts, and instant POS deployment remain at the heart of the app.
Speaking on the modified features of both platforms, UBA’s Group Head, Retail and Digital Banking, Shamsideen Fashola, said, that as a forward-thinking financial institution, UBA is always on the look-out for modern ways to improve their services and offerings, to give customers top-notch experiences while conducting their daily businesses.
He said, “At UBA, we are constantly innovating to provide seamless and secure payment solutions for businesses of all sizes. The new UBA PoS and MONI App is designed to empower merchants and agency banking with instant settlements, real-time transaction tracking, and unmatched reliability – ensuring they can focus on growing their businesses with a trusted partner.”
Continuing, he said “This next-generation PoS is not just a payment device; it’s a powerful tool that helps businesses stay competitive in a fast-paced economy. With UBA’s extensive reach and robust infrastructure, we are bringing convenience and confidence to every transaction. With the upgraded MONI App, we are equally equipping our agents, many of whom serve smaller communities, with faster tools, greater transparency, and an enhanced user experience that will help them grow their businesses while serving millions of underserved customers.”
Business
ANAMMCO unveils Matador Pickup truck in grand outing at 36th Enugu International Trade Fair

…Lauds Enugu Governor, Peter Mbah

ANAMMCO, a foremost Nigerian vehicle manufacturing company, has made a significant impact at the 36th Enugu International Trade Fair with the unveiling of its latest product, the Matador Pickup truck.
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The Company’s General Manager (Sales), Mr. Olalekan Sanyaolu addressed journalists at the Enugu International Trade Fair pavilion, highlighting the key features of the new vehicle that is offered in only 4×4 drive has both manual and automatic transmission versions.
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The Matador pickup is a all-terrain vehicle designed to effortlessly navigate Nigeria’s on-road and off-road terrains. Built with Nigeria in mind, the vehicle boasts a perfect balance of high performance and safety.
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Sanyaolu emphasized that ANAMMCO’s participation in the trade fair is aimed at showcasing the Matador to the Nigerian Automobile market.
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The response to the new vehicle has been exciting, with a significant increase in exhibitors, existing customers and prospective customers trouping to ANAMMCO pavilion to check out the Matador.
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Key features of the Matador include:
– Advanced technology
– Optimum performance
– Superb fuel efficiency
– Spacious double cabin
– Multimedia display screen
– Reverse camera
– Customised booth cover
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Sanyaolu also emphasized the strategic locations of ANAMMCO 3S shops ( Sales, Services and Support) in Enugu, Lagos and Abuja. These 3S shops are robustly supported by a wide network of affiliate workshops of GUO Transport and other accredited dealers nationwide. The unparalleled aftersales services network makes ANAMMCO the preferred choice of commercial vehicles fleet operators.
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Sanyaolu expressed optimism about the future of the production and assembly of commercial vehicles business in Nigeria, citing the country’s major reliance on road transport for the movement of passengers, goods and services.
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ANAMMCO continues to offer a wide range of services in the automotive industry of Nigerian economy, including Vehicle production, Third Party Assembly Contracts, Commercial vehicles sales, Spare parts sales, Vehicles Refurbishments, Workshop and Field Services, Vehicles body building, Training and Consulting. These services guarantee market-leading uptime and lowest operational costs.
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Also speaking, the Director, Corporate Services, Mr Uche Okeke, commended Governor Peter Mbah of Enugu State for his innovative , practical and people oriented governance.
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The Director further said, “I will not miss the opportunity of appreciating the commitment of His Excellency, Peter Mbah to the job and wealth creation through strategic engagement of the private sector.
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“ANAMMCO is one the major beneficiaries of his Excellency’s patronage domestication. His steadfast stance on if it can be done in Enugu, why take it elsewhere, is uncommon in Nigeria.
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“The refurbishment and re-engineering of the Coal City shuttle buses project is a classic case of His Excellency’s masterclass in maximum utilisation of available resources for cost effectiveness. The project is creating both direct and indirect employments, providing skills development for youths and is attracting investment to the state.
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“His leadership inspired us to boldly showcase the ANAMMCO brand as proudly Nigerian and a star of Enugu State. ANAMMCO is an indigenous brand not only in the name but also local production capacity. The sustained support of the government will bring to fruition in the near future a wholesome technology transfer and development in the Nigerian automotive sector.”
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Further speaking on their presence in the trade fair, the ANAMMCO Director said “Enugu is the home of ANAMMCO”, stressing that it is always a pleasure to identify with anything Enugu.
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“This trade fair is special to us because it is the first time ANAMMCO is coming with its own brand, which wasn’t the case in previous years. The Matador pick-up is the first of others to follow from the ANAMMCO Motors products localisation mandate. It represents high performance with trusted sturdy build of Dongfeng Automobile and powered by world-class engine technology of Mitsbushi engines.
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“We are here to showcase the Matador to the State, Citizens and Residents, the Business community, Security agencies , the Military and para – military.
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