Dangote’s Fuel Price Cut Sparks Concerns Among Importers
The Dangote Petroleum Refinery has reduced the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, from N950 to N890 per litre. The price adjustment, which took effect…
NNPCL Hikes Fuel Prices: ₦990 in Abuja, ₦960 in Lagos
The Nigerian National Petroleum Company Limited (NNPCL) has raised the pump price of petrol to ₦990 per litre in the Federal Capital Territory (FCT), while outlets in Lagos now sell…
Court Adjourns Dangote Refinery’s N100bn Import Licence Suit Against Marketers
The Federal High Court in Abuja has adjourned the hearing of a suit filed by Dangote Petroleum Refinery and Petrochemicals FZE against the Nigeria Midstream and Downstream Petroleum Regulatory Authority…
Petrol Price Stays at N1,025/L Despite Dangote Refinery Price Cuts
The minimum pump price of petrol has not yet reflected the recent reduction in the ex-depot price of Premium Motor Spirit (PMS) by Dangote Petroleum Refinery. The price was reduced…
Oil Producers and NMDPRA Clash Over Petroleum Levy Collection
A disagreement has arisen between oil producers and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) over the collection of a 0.5% wholesale price levy. The NMDPRA insists that…
Naira Appreciates to ₦1,550/$ in Parallel Market
The Naira appreciated in the parallel market today, trading at ₦1,550 per dollar, compared to ₦1,555 per dollar over the weekend. In contrast, the Naira experienced a slight depreciation in…
Iftar: FCMB Ilorin sets template for other banks in Nigeria
A glittering record was made on Thursday, March 14, 2024 in Ilorin, the Kwara State capital, for the entire Nigerian banking industry. The First City Monument Bank (FCMB) Ilorin organised…
I’m Not Responsible For Nigeria’s Economic Woes — Cardoso
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, says himself and his team are not responsible for the current economic woes in the country. He stated this…
GMD UniAbuja Ventures, Hon. Teslim Balogun, secures $30m Agric Funding from Turkish investors and companies for Food Security
In a bid to enhance farming activities in the country, the University of Abuja, UniAbuja Ventures Limited has concluded plans to enrol 100,000 youths and students nationwide with the target…
Asiwaju Returns from France, Calls Emergency Meeting on Food Security
President Ahmed Bola Tinubu, on Tuesday night, returned to Nigeria after a two-week private visit to Paris, France. The presidential jet, NAF 001, touched down at the Presidential Wing of…