The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has described the depreciation of the naira as an opportunity for the country to enhance...
The value of the naira has continued its downward trend, depreciating further in the unofficial market, trading at ₦1,705 to the dollar on Wednesday, according to...
Nigeria’s oil production, including condensates, witnessed a decline in September 2024, falling to 1.544 million barrels per day (bpd) from 1.570 million bpd in August. This...
The Department of State Services (DSS) has intervened in the dispute between the Nigerian National Petroleum Company Limited (NNPCL) and petroleum marketers in the country. Following...
The Dangote Group, owners of the Dangote Refinery, has put mechanism in place to commence crude oil production. According to reports by S&P Global Commodity Insights,...
The Nigerian government has increased the landing cost for imported premium motor spirit (PMS), also known as petrol, by 4% to N956.13 per litre in October...
The Federal Government has granted petroleum marketers the authority to lift petrol directly from the Dangote refinery, bypassing the Nigerian National Petroleum Company Limited (NNPC). This...
The Independent Petroleum Marketers Association of Nigeria (IPMAN) says members of the organisation are ready to sell petrol at N970 per litre despite the recent adjustment...
The National President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Abubakar Shettima, has called on the Nigerian National Petroleum Company Limited (NNPC) to provide...
On Wednesday, the Naira depreciated significantly in the Nigerian Autonomous Foreign Exchange Market (NAFEM), reaching an exchange rate of N1,625.13 per dollar. Data from FMDQ revealed...
