The Central Bank of Nigeria (CBN) has come under fire for recent expenditures reportedly amounting to several billions of naira, despite the ongoing economic challenges facing...
The naira fell against the dollar on the foreign exchange market on Wednesday, 24 hours after appreciation. FMDQ data on Wednesday showed that the naira depreciated...
The Central Bank of Nigeria, CBN, said it would sell Treasury Bills, TBs, worth N2.2 trillion in the fourth quarter of 2024 (Q3’24). This represents a...
Olufemi Soneye, Chief Corporate Communications Officer, NNPC Ltd in a statement on Monday asserted that NNPC Ltd. achieved the milestone through the collaboration of two of...
The official naira black market exchange rate in Nigeria today including the Black Market rates, Bureau De Change (BDC), and CBN rates. Please note that the...
The total consideration for the deal is $783 million, which includes reimbursement and consideration for the asset, as confirmed by Oando in a press release. Oando...
The naira appreciated massively against the dollar at the official foreign exchange market on Wednesday. FMDQ data showed that the naira gained N1543.84 per dollar on...
The Federal Government has announced that it will begin making payments in Naira for crude oil sales to the Dangote Refinery and other entities starting October...
The Nigerian oil and gas industry is a cornerstone of the nation’s economy, significantly impacting both regional and global energy markets, with several billionaires shaping its...
The Naira dropped to N1,590 per dollar in the parallel market, down from N1,580 per dollar on Monday. In addition, the Naira fell to N1,582.09 per...
The naira slumped on Tuesday against the dollar at the official foreign exchange market for the first time in two weeks. FMDQ data showed that the...
Like Dangote Refinery, the management of AIPCC Energy Limited, operators of the Edo Refinery and Petrochemicals Company Limited (ERPCL), has raised the alarm over non-supply of...
Management of Dangote Petroleum Refinery has urged the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to enforce the domestic crude supply obligation as specified in the Petroleum...
The Nigerian National Petroleum Company Limited has demanded a refund of N4.71tn from the Federal Government to settle outstanding debts used to import Premium Motor Spirit,...
In what appears a major shift from previous clam by the Dangote Refinery company, the Group Chief Strategy Officer, Dangote Refinery and Petrochemicals Company, Aliyu Suleiman...
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has revealed that the Port Harcourt Refinery will indeed commence operations in August 2024. The refinery is expected...
The naira continued its appreciation streak against the dollar at the official foreign exchange market. FMDQ data showed that the naira gained N2.9 at N1593.62 per...
The Federal Government has withdrawn the suspension it placed on Arik Air’s operations and has allowed it to resume flights with immediate effect. The airline was...
The Organisation of Petroleum Exporting Countries, OPEC, has said supplies from Nigeria-based world’s largest single-train Dangote Refinery and Petrochemicals will put pressure on the performance of...
The Dangote Refinery is planning to sell a 12.7 per cent stake in 2024 for loan servicing, Fitch Ratings, a credit rating agency says in a...
