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Category: Business
NNPCL reduces fuel pump price
The Nigerian National Petroleum Company Limited (NNPCL) has reduced the pump price of premium motor spirit, PMS. Our correspondent who went round NNPCL filling stations…
Naira depreciates against dollar at black market
Nigeria’s currency, the naira, recorded depreciation against the dollar at the parallel foreign exchange market to end the week on a negative note. Bureau de…
Fuel price may drop to N800 per litre – Marketers
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has said the price of Premium Motor Spirit may nosedive further to N800 per litre in the…
Fuel Price Drop: NNPCL encouraging Monopoly — IPMAN alleges
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has alleged that the Nigerian National Petroleum Company Limited is encouraging monopoly in the country’s oil and…
Naira bounces back, appreciates against dollar at foreign exchange market
The naira bounced back, appreciating against the dollar at the official foreign exchange market on Thursday. Central Bank of Nigeria (CBN) exchange rate data indicated…
Nigeria to earn $7m daily revenue from fertiliser export – Dangote
The president of Dangote Group, Aliko Dangote, has said that in the next two years, the 650,000 barrels per day refinery will be exporting almost…
2,000MW electricity generation capacity stranded due to N600bn debt – NDPHC
The management of Niger Delta Power Holding Company has lamented that its 2,000-megawatt electricity generation capacity is stranded due to N600 billion in gas debts…
Naira appreciates against dollar across official, black markets
The naira on Wednesday appreciated against the dollar across official and parallel foreign exchange markets. Central Bank of Nigeria (CBN) official exchange rate data showed…
Dangote refinery commits to petrol price stability, reduction in Nigeria
Dangote Petroleum Refinery & Petrochemicals has reaffirmed its commitment to premium motor spirit price stability despite the fluctuations in global crude oil prices. The 650,000…
FG to sell 753 housing units estate recovered from Emefiele
The Ministry of Housing and Urban Development has officially taken delivery of a 753-unit housing estate formerly owned by embattled ex-Central Bank Governor, Godwin Emefiele….