Federal Government and Dangote Reach Agreement on Petrol Supply, Lifting to Begin Tomorrow
The Federal Government has announced that it has reached an agreement with Dangote Refinery on the pricing and supply of […]
Business
Foundation Empowers 1,500 Women, Trains 3,000 in Agribusiness in Adamawa
The Africa Nature Investors Foundation has empowered 1,500 women and trained an additional 3,000 in agribusiness in Toungo Local Government
CBN Directs PoS Operators to Use Licensed Aggregators Within One Month
The Central Bank of Nigeria (CBN) has issued a directive requiring all Point of Sale (PoS) operators to route transactions
Naira Plunges to New Low: N1,655/$ in Parallel Market
The Nigerian currency, Naira, continued its downward spiral, depreciating to N1,655 per dollar in the parallel market, a decline from
Business
The economy is really taking a toll with sacked workers withdrawing N9.2bn from their pension savings
while PenCom approves N10.5b mortgage for pension account holders. The economy’s tough times have led to 14,179 Retirement Savings Account
Central Bank and NDIC to Discuss Bank Recapitalization at Finance Correspondents Association of Nigeria Conference
The Central Bank of Nigeria (CBN) and the Nigeria Deposit Insurance Corporation (NDIC) will lead a discussion on the impact
Dangote Refinery: NNPC’s Condition for Exclusive Distribution
NNPC Limited will only become the sole distributor for Dangote Refinery if market prices exceed Nigeria’s pump prices. The Nigerian
Naira’s Value Falls Again with 25% Decrease in Market Activity
Naira dropped to N1,635 per dollar in the parallel market from N1,625 per dollar over the weekend. It appears that
Business
NNPC Raises Fuel Price by 45% to N897 Per liter.
The Nigerian National Petroleum Corporation (NNPC) Limited has announced an increase in the pump price of fuel from N617 per
Business
Petrol Price Hike Looms as Subsidy Removal Nears
Deputy Transport Editor, Theodore Opera and Emery Correspondents, Udeme Akpan, Edin Ejoh and Mariam Eko Report from Lagos: Nigeria’s downstream