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Category: Business
NNPCL reduces fuel price again
Nigerian National Petroleum Company Limited (NNPCL) has reduced its premium motor spirit price for the second time in one week. We observed on Wednesday, that…
Africa may never see new refineries built again – Dangote raises concern
Nigerian businessman, Aliko Dangote has said Africa may never see the construction of any new large-scale refineries again, except the rent-seeking behaviors in the petroleum…
Senate approves Tinubu’s $21bn foreign loan plan
The Senate has approved President Bola Tinubu’s external borrowing plan of over $21 billion for the 2025–2026 fiscal cycle. THE PRIME NEWS reports that the…
Fuel price cut: Dangote refinery dumps petrol marketers
Dangote Refinery has dumped petroleum products marketers as its direct fuel and diesel distribution nationwide scheme draws closer. This comes as a letter by the…
BREAKING: Nigerian petrol marketers to reduce fuel prices nationwide
The Nigerian Petroleum Products Marketers Association of Nigeria has announced a plan to reduce the premium motor spirit price from Monday following Dangote Refinery’s latest…
Air Peace plane veers off runway in Port Harcourt
An Air Peace plan on Sunday morning veered off the runway while landing in Port Harcourt. The operating flight P47190 with passengers onboard from Lagos…
Naira appreciates against dollar as pressure mounts on CBN to shift BDC recapitalisation deadline
Nigeria’s naira appreciated against the dollar at the official exchange market on Thursday, as pressure mounts on the Central Bank of Nigeria to extend the…
Missing N210tn: Again, NNPCL GMD Ojulari snubs Nigerian Senate
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Bayo Ojulari, has again snubbed the Nigerian Senate Committee on Public Accounts,…
NNPC refineries may never work again – Dangote
The President of Dangote Group, Alhaji Aliko Dangote, has stated that Nigeria’s state-owned refineries in Port Harcourt, Warri, and Kaduna may never function properly again,…
Nigerian stock market hits historic N1.806trn gains
The Nigerian Stock Exchange, under Nigerian Exchange Group (NGX) Limited, recorded a historic milestone as investors gained N1.806 trillion in a single day. This development…