Naira extends gains against dollar
The naira gained further against the dollar at both the official and parallel foreign exchange markets on Tuesday.
FMDQ data showed that the naira strengthened...
Onion prices increase by 200% in Nigerian markets ahead of Yuletide
A small-sized bulb onion is now sold for between N200 and N300 in Nigerian markets ahead of this year’s Yuletide.
This was revealed by a...
NNPCL supported Dangote refinery establishment with $1bn loan – Official
The Nigerian National Petroleum Company Limited has said it secured a $1bn loan backed by crude oil to support the coming on stream of...
Nigeria’s inflation rate spikes to 34.60 percent in November amid hardship
Nigeria’s inflation rate for the month of November 2024 rose to 34.60 percent from 33.88 percent in October, indicating worsening hardship for Nigerians.
This is...
Fuel subsidy removal, floating of Naira sparked inflation in 2024 – CIBN
The Chattered Institute of Bankers of Nigeria, CIBN, has stated that some government policies such as the removal of fuel subsidy and floating of...
Dangote petrol exported to three African countries
The Dangote Refinery said it has exported Premium Motor Spirit (petrol) to Cameroon, Angola, Ghana, and South Africa in the past few weeks alone.
In...
Drop in beans price excites Lagos traders, consumers
Some Lagos State foodstuff traders and consumers are elated over the recent drop in the price of beans.
The residents expressed their joy over the...
Marketer of recalled amoxycillin capsule in police custody — NAFDAC
The Director General of the National Agency for Food and Drugs Administration and Control, Prof Mojisola Adeyeye on Thursday said the Managing Director of...
NAFDAC seizes alcoholic beverages in sachet, pet bottles in Delta
The National Agency for Food and Drug Administration and Control on Wednesday seized alcoholic beverages packaged in sachets and pet bottles below 200ml in...
Dangote, PH refineries can meet local PMS demand – Delta commissioner
The Delta State Commissioner for Finance, Fidelis Tilije, has decried the continuous importation of Premium Motor Spirit into Nigeria, asserting that the Dangote and...
Naira appreciation may force price reduction, inflation decline – Economists
Nigerian economists are optimistic that the Naira’s appreciation against the dollar, if sustained, may lead to a drastic reduction in the prices of imported...
Marketers begin direct loading from Dangote refinery
The Independent Petroleum Marketers Association of Nigeria has begun lifting Premium Motor Spirit (petrol) from the Dangote Petroleum Refinery.
This follows an agreement reached with...
Fuel Price Slash: PETROAN, Dangote Refinery sign agreement on direct petrol sale
The Association of Nigeria Petroleum Products Retail Outlets Owners and Dangote Refinery have signed an agreement on direct premium motor spirit sale to further...
NNPC pledges to reduce Methane emissions by 60%
The Nigerian National Petroleum Company Limited has reaffirmed its commitment to reducing methane emissions in the oil and gas sector by 60% by 2031,...
Port Harcourt refinery operating at 70 per cent – Onanuga reveals after fact-finding visit
President Bola Tinubu’s Special Adviser on Information and Strategy, Bayo Onanuga, has said the Port Harcourt refinery is operating at 70 percent installed capacity...
Naira appreciates massively against dollar at the black market
The naira appreciated significantly against the dollar at the parallel foreign exchange market on Wednesday.
Abubakar Alhassan, a Bureau De Change operator at Wuse Zone...
Fuel import hits 2.3bn litres despite Dangote, Port Harcourt refineries
Nigeria’s Premium Motor Spirit (petrol) import has increased to 2.3 billion litres from September 11 to December 5, 2024, despite the coming on stream...
Less than 3 per cent of Nigerians are insured – Cubecover Survey
Less than 3 percent of Nigerians have active insurance plans, according to a recent survey by Cubecover.
The firm disclosed this recently in an event...
Port Harcourt refinery is still functional – PENGASSAN
The Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, has confirmed that the Port Harcourt Refinery is functional.
There were claims last week...
FG auditors probe NNPCL’s N2.7tn subsidy refund claim
The Office of the Auditor-General of the Federation has received the necessary and complete documents required to verify the N2.7 trillion fuel subsidy claim...