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Category: Business
Why fuel price reducing in Nigeria – Marketer
A petroleum marketer has explained the real reason Nigeria’s premium motor spirit price has been reducing in the past months. According to an analysis by…
More heads will roll – CBN Governor, NSA warn Nigerians over Naira abuse
Governor of the Central Bank of Nigeria, CBN, Olayemi Cardoso, and Nigeria’s National Security Adviser, Nuhu Ribadu, have warned Nigerians against the abuse of the…
Lagos largest city in Africa after Cairo
Lagos State has been ranked as Africa’s second-largest city after Cairo, Egypt. This achievement comes as the state’s Gross Domestic Product, GDP, rose to $259…
Why retailers, marketers dump Dangote Refinery petrol for import – Stakeholders
Petroleum Products Retailers and marketers have explained why petrol imports have persisted despite the Dangote Refinery and other local refineries’ production capacity. The President, Petroleum…
Petrol price drop: PETROAN meets Nigerian Petroleum Minister
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) met with Nigeria’s Minister of State (Oil), Senator Heineken Lokpobiri, on Monday to discuss issues…
NNPCL refutes ending Naira-for-crude deal with Dangote Refinery
The Nigerian National Petroleum Company Limited (NNPCL) has denied terminating its naira-for-crude sale deal with Dangote Refinery. The spokesperson for NNPCL, Olufemi Soneye, made this…
Why retailers, marketers dump Dangote Refinery petrol for import – Stakeholders
Petroleum Products Retailers and marketers have explained why petrol imports have persisted despite the Dangote Refinery and other local refineries’ production capacity. The President, Petroleum…
LNG utilisation: NNPC to supply 80 mmscf/d gas to firm
The Nigerian National Petroleum Company Limited (NNPCL), through its gas marketing subsidiary and partners, has signed a Gas Sale and Purchase Agreement, GSPA, with Ssonic…
US tariffs will hit economies of Mexico, Canada if sustained – IMF
The International Monetary Fund (IMF) on Thursday said US tariffs imposed on Mexico and Canada will have a significant adverse impact on the those countries…
Again Naira slumps massively against dollar across black, official markets
Again, the Nigerian naira has slumped massively against the dollar across parallel and official foreign exchange markets. At the black market, the Naira depreciated to…