Business
Fuel Imports Rise Despite NNPCL’s Local Refinery Promises
The cost of importing fuel reached around ₦3 trillion between October 1 and November 11, putting the Nigerian…
Business
Nigeria’s Foreign Debt Servicing Jumps 107.7% to N3.8 Trillion in Eight Months
Between January and August of 2024, the cost of servicing Nigeria's foreign debt increased by 107.7% to N3.8…
Business
IPMAN Highlights Cost of Petrol for Marketers at Dangote Refinery
According to the Nigerian Independent Petroleum Marketers Association, the cost of gasoline from the Dangote Refinery was N940…
Business
CBN Introduces Innovative Steps to Advance Financial Inclusion
Contractor corruption has been blamed by Mr. Ola Olukoyede, Executive Chairman of the Economic and Financial Crimes Commission…
Business
NNPC Set to Launch 12 CNG Stations
In an attempt to increase the current 1.6 billion cubic feet of gas supply for the domestic market,…
Business
NDIC Initiates Sale of Heritage Bank Assets
The dissolved Heritage Bank's physical assets and landed properties are up for auction nationwide by the Nigeria Deposit…
Business
NPA to Integrate Export Terminals, Domestic Export Warehouses
Nigerian Ports Authority (NPA) has stated that the Export Processing Terminals (EPTs) should be connected to the Domestic…
Business
Nationwide Strike Looms as NUPENG Condemns Naval Officers’ Invasion of Oil Platform in Nigeria
As the Naval Special Forces overran the Oritsetimeyin oil drilling rig to evict workers, the Nigeria Union of…
Business
Trump’s Victory Bolsters Dollar, Signals Possible Decline in Oil Price
Donald Trump's victory in the just ended 2024 US presidential election triggered a jump in the US dollar,…
Business
FG Establishes National Assets Register to Mitigate N39 Trillion Liability Burden
The federal government has begun the process of performing a comprehensive asset inventory in order to effectively profile,…
Business
FCCPC Commands Ikeja, Eko DisCos to Cease Unistar Meter Installations
Electricity distribution companies Ikeja Electric and Eko Electric have been instructed by the Federal Competition and Consumer Protection…
Business
Pinnacle Oil & Gas: We Stand Firm Against Selling Substandard Fuel to Nigerians
Pinnacle Oil & Gas announced Wednesday that it will never supply substandard petroleum products to Nigerians. Pinnacle Oil's…