Dangote Petroleum Refinery has said that its ability to lower petrol prices is due to the federal government’s naira-for-crude oil policy. The company noted that this arrangement has helped reduce…
The naira appreciated to ₦1,625 per dollar in the parallel market on Monday, strengthening from ₦1,630 recorded over the weekend. In the official Nigerian Foreign Exchange Market (NFEM), the naira…
Chairman of the National Hajj Commission of Nigeria (NAHCON), Prof. Abdullahi Saleh Usman, has commended ZAKMAD TECHNICAL NIGERIA LIMITED for the quality of its products and its timely delivery as…
Nigeria’s inflation rate slightly eased in April 2025, according to the latest Consumer Price Index (CPI) report by the National Bureau of Statistics (NBS). Headline inflation stood at 23.71% year…
The Central Bank of Nigeria (CBN), in partnership with the Nigeria Inter-Bank Settlement System (NIBSS), has launched a new digital platform called the Non-Resident Bank Verification Number (NRBVN). This platform…
The World Bank says Nigeria’s ongoing economic reforms are yielding positive results, with government revenue rising to ₦31.9 trillion in 2024 up from ₦16.8 trillion in 2023. This was revealed…
Dangote Petroleum Refinery has reduced the gantry price of Premium Motor Spirit (PMS), commonly known as petrol, to ₦825 per litre. This is a ₦10 drop from the previous price…
Oil production by the Organisation of the Petroleum Exporting Countries (OPEC) slightly declined in April, despite plans to boost supply, according to a Reuters survey released on Thursday. OPEC’s total…
Aliko Dangote, President of Dangote Group, has accused major oil marketers and traders of undermining the success of his $20 billion refinery in Lekki, Lagos. He clarified that his statements…
The landing cost of petrol in Nigeria has surged to an average of ₦870 per litre, according to data from the Major Energies Marketers Association of Nigeria (MEMAN). On April…
