The Federal Government has accumulated a staggering N7.8 trillion ($4.9 billion) in subsidy debts to the Nigerian National Petroleum Company Limited (NNPC) for the seven months...
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has declared N3.3 trillion in profit for the 2023 financial year. Chief financial officer of NNPC Ltd., Umar...
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...
In response to the announcement by aviation workers’ unions to protest President Bola Tinubu’s government’s withdrawal of 50% of all internally generated revenue of aviation agencies,...
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...
The Organisation of Petroleum Exporting Countries has said supplies from Nigeria-based world’s largest single-train Dangote Refinery and Petrochemicals will put pressure on the performance of Europe’s...
According to Trade Map data, Nigeria imported petroleum oils derived from bituminous minerals worth $2.8 billion in 2023, a significant 342 percent increase from $47.5 million...
In a bold declaration, Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, has assured that the nation’s economy is poised to reach a staggering $1 trillion...
On Thursday, lawmakers in the House of Representatives committed to donating 50% of their salaries for six months to help combat hunger in the country. This...
By Babajide Komolafe The Central Bank of Nigeria, CBN yesterday, announced the resumption of dollar sales to bureaux de change, BDCs, a...