Business

Thirty-two subsidiaries of the Nigerian National Petroleum Company Ltd (NNPC) are grappling with N22 trillion debt incurred over a 12-month period, raising questions over their viability. Data gleaned from…

The federal government remains on course to achieve its target of average production of 2.0 million barrels per day (mbpd) by December 2024 as Oando continues to scale up its production. Following the…

The downward slide of the local currency worsened yesterday as the naira exchanged for N1, 639.41 to a dollar at the official rate. The figure yesterday indicated a whooping loss of N34 after the dollar…

Former Commissioner for Finance in Ogun State and Founder/President International Centre for Tax Research and Development, Mrs Morenike Babington-Ashaye, has counselled the Federal Government against…

Economic activities in Nigeria have shown a positive turn for the first time in over a year, according to the latest report from the Central Bank of Nigeria (CBN). The Purchasing Managers’ Index (PMI) for…

The federal government is considering granting Aliko Dangote’s refinery the authority to set petrol prices, according to reports from Bloomberg. This decision could reshape the government’s control over fuel prices…

The Federal Government on Thursday said at least 37,000 women will receive Point of Sales (POS) machines as part of the government’s…

Dangote Group has dismissed reports that the Nigerian National Petroleum Company Limited (NNPCL has started lifting Premium Motor Spirit (PMS), popularly known as petrol, from its refinery. A newspaper had reported…

The Nigerian National Petroleum Company Limited (NNPCL) says it has supplied 30 million barrels of crude to the Dangote refinery so far. The Executive Vice President of NNPCL Downstream, Adedapo Segun, who…

For the seventh consecutive years, Dangote Industries Limited, has again emerged as most valuable brand in Nigeria, leading other top brands like MTN, Airtel, Access…

Securing a reliable crude oil supply deal and determining the appropriate selling price are two major hurdles facing the Nigerian National Petroleum Company (NNPC) Limited as the state oil company assumes its role…

The Manufacturers Association of Nigeria (MAN) has reacted to the new price of Premium Motor Spirit (PMS), popularly known as petrol, saying there is a high possibility of a rise in inflation figures, impacting…

The Federal Government will, on or before Friday, announce the result of the $500 million domestic dollar bond recently offered to the Nigerian public. A source close to the deal disclosed this to BusinessDay under…

…Promises no more importation of polypropylene as from October For the first time, Nigerians will gain a clear…

Billionaire businessman and Chairman of Geregu Power PLC, Mr. Femi Otedola, has hailed his friend and President of the Dangote Group, Alhaji Aliko Dangote, for rolling out petroleum product from his refinery.…

Oando Plc has warned individuals and entities against spreading false information about the Nigerian Agip Oil Company (NAOC) transaction. In a…

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says Dangote refinery will supply 25 million litres of fuel daily in September. The agency said this following the commencement of petrol…

The price of Premium Motor Spirit (PMS) in Kano has jacked up to N1,200 across some filling stations as the Nigerian National Petroleum Company Limited (NNPCL) outlets adjusted pump price to N904 per litre.…

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has finalized an agreement with the Nigerian National Petroleum Corporation (NNPC) Limited to sell crude oil to Dangote refinery in local…

Aliko Dangote, the Chairman of Dangote group, has disclosed that the 650,000 bpd refinery will ensure availability Premium Motor Spirit (PMS), also known as petrol, in Nigeria. Dangote made this promise while…

Taiwo Oyedele, Chairman Presidential Fiscal Policy and Tax Reforms Committee, says the committee is proposing a law to the National Assembly to increase valued added tax from the current 7.5% to 10%. Oyedele stated…

The Dangote Petroleum Refinery has confirmed the production of petrol at its facility located in Lagos State.  Speaking Monday while featuring on Brekete Family live show, Devakumar Edwin, Vice President of Oil…

The Federal government has dismissed viral reports suggesting that the Ministry of Petroleum has ordered NNPCL to sell fuel at N1000, above the approved pump price. The report claimed that the Minister of State for Oil…

The chairman of the presidential committee on fiscal policy, Taiwo Oyedele, has revealed that the committee has proposed to the federal government…