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Category: Business
Nigeria spent N6.2tn, N4.5tn on FX, fuel subsidies in 2022 — CBN
The Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso said the federal government spent N6.2 trillion on foreign exchange subsidy in 2022 alone compared to…
Nigerian govt investigates Air Peace, bank, Telco over violations
The Nigerian government has launched an inquiry into Air Peace, Guarantee Trust Bank (GTB), a telecommunications firm, and MTN over possible violations of consumers’ rights….
Kwara Govt plans Mega Empowerment as committee meets stakeholders
In an effort to continually improve the living conditions of the people and boost the local economy, the Kwara State Government under His Excellency, Governor…
‘Don’t Japa’ – CBN Gov, Cardoso begs Nigerians
Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has appealed to Nigerians, especially the youths, not to leave the country. This as he…
Port Harcourt refinery to sell PMS at N1,030 — PETROAN
The Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN), has announced that the Port Harcourt refinery will sell petrol at N1,030 per litre, affirming…
Port Harcourt refinery produces kerosene, diesel, 1.4m liters of PMS daily – NNPCL
The Nigerian National Petroleum Company Limited (NNPCL), says the revived 60,000 barrels-per-day Port Harcourt Refinery is currently producing at least 1.4 million liters of Premium…
Kwara, 24 other states to benefit from $500m W’Bank loan
No fewer than 25 state governments will be beneficiaries of the newly approved $500m World Bank loan to improve water resource management for hydropower and…
Dangote petrol: Nigeria’s fuel price may crash to N900/litre by Yuletide – Marketers
Nigeria’s petroleum marketers said that the Premium Motor Spirit (Petrol) price may be reduced to between N900 and 1000 per litre by this year’s Yuletide…
Port Harcourt Refinery commences production
Nigeria’s owned Port Harcourt Refinery has commenced processing crude oil production. The spokesperson of the Nigerian National Petroleum Company Limited (NNPCL), Olufemi Soneye, disclosed this…
Nigerian Govt saved $20bn by removing subsidies – Finance minister, Edun
The Federal Government says it has saved $20 billion by removing petrol subsidy and adopting market-based foreign exchange pricing. The Minister of Finance and Coordinating…