Economy

Nigeria's state oil company has attributed the current fuel shortage and lengthy queues at petrol stations across the nation to inclement weather conditions. The company's…
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The federal government says it will begin crude oil sales in naira to Dangote refinery and others in October. FG to commence crude oil sales in naira to Dangote refinery, others…
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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 to…
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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 Ajiya,…
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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 diesel.…
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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…
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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 Naira strengthened on the…
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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…
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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…
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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 by 2030. This…
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