Business

The Nigerian National Petroleum Company (NNPC) Limited says oil marketers cannot import or buy petrol from Dangote refinery because the business…

The world’s oldest Sunday newspaper, The Observer, could be sold to an online startup media group, its owner of more than 30 years announced Tuesday. The Guardian Media Group said in a statement that it is in…

The Central Bank of Nigeria, CBN, has said that fuel subsidy removal, lower import bills, and increased external debt servicing obligations could pose downside risks for the growth of external reserves by 2024/2025.…

The Managing Director of Financial Derivatives Company Limited, Bismarck Rewane, says it is suicidal for Dangote Refinery to sell petrol below its production cost. Rewane stated this on Channels Television’s…

A United States (US)legal representative, James Hill (R-AR) has cautioned the Nigerian Government that the prolonged custody of Binance Executive,…

The Central Bank of Nigeria has confirmed that it will sustain its Ways and Means Advances to the federal government at a 5 per cent limit for the fiscal years 2024-2025. The latest development is contrary to a bill…

The Central Bank of Nigeria has appointed members of the board of directors for Polaris Bank. The bank, in a statement on Tuesday, said the board will be headed by Kassim Gidado as the chairman. Other non-executive…

Almost a year in the saddle, President Bola Tinubu has ordered Olayemi Cardoso to resign his appointment as the Governor of the Central Bank of Nigeria (CBN) owing to his inability to stop the poor performance of…

Fresh findings have revealed why only about three percent of local oil marketers have patronised Dangote Petroleum Refinery since it commenced…

The Federal Government will on Wednesday launch a comprehensive strategy to position Nigeria as a leading player in…

Nigeria’s foreign exchange (FX) unification policy, implemented by the Central Bank of Nigeria (CBN) in June 2023, aimed to simplify the country’s multiple exchange rate system by consolidating it into a single…

Nigeria’s headline inflation rate eased to 32.15% in August 2024 down from the 33.40% recorded in July 2024, reflecting a decrease of 1.25 percentage points. This represents the second consecutive monthly slowdown…

Hopes for a reduction in the price of Premium Motor Spirit (PMS), popularly known as petrol, have been shattered as the Nigerian…

The Nigerian National Petroleum Company Limited (NNPCL) has altered the breakdown of the estimated price of petrol bought from the Dangote refinery. SaharaReporters had reported that a press statement issued by the…

The Independent Petroleum Marketers Association of Nigeria (IPMAN) says it doesn’t make sense for the Nigerian National Petroleum Company Limited (NNPCL) to sell petrol lifted from the Dangote Refinery higher than…

United Capital Group, a leading financial services group in Nigeria, has successfully spearheaded the issuance of the inaugural Domestic FGN US Dollar Bond,…

The Nigerian National Petroleum Company Limited has said that it will sell the petrol lifted from the Dangote Refinery at a price above N1,000 per litre in the far…

…NNPC deploys 300 trucks, vessels …We await clarity on pricing mode – Depots’ owners A historic moment in Nigeria’s energy sector unfolded today as petrol refined at the Dangote Refinery began to hit…

Naira may see a rebound in the coming weeks as a result of accretion in exter­nal reserves which was attributed to the successful over-subscription of the recent Federal Government’s domestic dollar bond. The maiden…

The group of oil marketers accused by the Vice President of Dangote Industries Limited, Devakumar Edwin, to have reported the Dangote Refinery to President Bola Tinubu for its low-priced product is the Depot and…

Nigerian banks and discount houses borrowed N3tn from the Central Bank of Nigeria through the Standing Lending Facility within a week, according to a report by Afrinvest Research. The lenders and discount houses,…

The Nigerian National Petroleum Company Limited (NNPCL) has insisted that it paid N898 per litre for the purchase of petrol from the Dangote Refinery. Olufemi Soneye, Chief Corporate Communications Officer…

The Federal Government has said the commencement of petroleum lifting from the Dangote Petroleum Refinery and Petrochemicals marks a return to industrialisation and local refining in Nigeria. The Minister of Finance…

Dangote Petroleum Refinery says the claim by the Nigerian National Petroleum Company (NNPC) Limited that the refiner sold petrol at N898 per…