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Category: Business
Dangote vows ‘major shakedowns’ in Nigeria’s oil sector
The president of Dangote Group and founder of Dangote Refinery, Aliko Dangote has vowed that there will be major shakedowns in Nigeria’s downstream oil and…
Why Dangote should sell PMS for N770 per litre — IPMAN
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has explained that Dangote Refinery should sell premium motor spirit around N770 per litre. The spokesperson of…
Customers to pay banks USSD fees through airtime – NCC
The Nigerian Communications Commission (NCC) has directed Deposit Money Banks to start deducting charges for unstructured supplementary service data transactions directly from users’ mobile airtime….
Nigeria’s petrol price 55 percent below West African average – Dangote
President of Dangote Refinery, Aliko Dangote, has said that with the 650,000 barrels per day refinery price cuts, Nigeria’s premium motor spirit price is now…
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…