Major oil marketers have raised concerns that the federal government’s decision to impose a 15 per cent import duty on petrol and diesel could trigger another...
The Nigerian Naira continued its upward momentum on Monday, appreciating to ₦1,452.79 per dollar at the official foreign exchange market. According to data released by the...
The Dangote Refinery is set to commence crude oil production in the coming weeks, according to a new report by S&P Global. The report revealed that...
The Dangote Petroleum Refinery has announced an ambitious plan to expand its production capacity from 650,000 barrels per day (bpd) to a record-breaking 1.4 million bpd,...
Africa’s richest man and President of the Dangote Group, Alhaji Aliko Dangote, has seen his fortune climb significantly this year, according to the latest Bloomberg Billionaires...
The naira maintained its position at the official Nigerian Foreign Exchange Market (NFEM) on Friday, even as it continued to trade weaker on the parallel market....
The landing cost of imported premium motor spirit (petrol) has declined slightly from N849.61 to N839.97 per litre, according to fresh data from the Major Energies...
The President Bola Tinubu-led Federal Government has approved a $1 billion (₦1.4 trillion) modernisation project for Lagos’ Apapa and TinCan Island ports. The move is aimed...
The Naira recorded a modest gain in the parallel market on Wednesday, appreciating to N1,492 per dollar from N1,495 per dollar the previous day. However, in...
The naira started the week on a positive note, gaining N10 against the US dollar on Monday at the Nigerian Foreign Exchange Market (NFEM). The local...
