Due to insufficient crude oil feedstock, the refinery has not yet begun producing gasoline even though it started operations in January 2024 and is currently producing...
Yesterday, the federal government passed the law that will exempt certain basic food goods from value added tax (VAT) and impose a zero percent duty rate...
The value of the Naira increased from N1,585 per dollar last weekend to N1,580 per dollar in the parallel market yesterday. In a same vein, the...
With a trailblazing decision, the Central Bank of Nigeria (CBN) has thrown open the doors for next-of-kin, legal representatives, and beneficial owners to claim unclaimed balances...
A severe fuel supply and distribution crisis has gripped parts of Lagos and the Federal Capital Territory (FCT), leaving motorists and residents stranded. The Nigerian National...
The Dangote Petroleum Refinery, Africa’s largest and most ambitious oil project, in a stunning twist, is facing unprecedented technical challenges, forcing it to resell crude oil...
A bitter impasse is brewing between Aliko Dangote, Africa’s richest man, and the President Ahmed Bola Tinubu’s administration, threatening the continent’s largest economy. Dangote has abandoned...
Nigerian banks are bracing for reduced profits and capital adequacy as the Federal Government plans to tax 50% of their 2023 foreign exchange (FX) revaluation gains....