Aliko Dangote, Africa’s wealthiest man, has announced his willingness to sell his multibillion-dollar oil refinery to the state-owned energy company, NNPC Limited. The announcement comes […]
Category: Business
Business
IPMAN and Rights Group Criticize Prolonged Closure of Warri Jetty and Depot
The Independent Petroleum Marketers Association of Nigeria (IPMAN) and the rights group Justice Agenda have expressed their dissatisfaction over the extended closure of the Taurus […]
National Assembly Approves Forex Windfall Tax on Banks
The National Assembly has approved an Executive Bill seeking to tax banks’ windfall from foreign exchange business, passing it for a second reading. This bill, […]
ANRPM Seeks NSA’s Support to Combat Oil Theft in Niger Delta
The Association of Nigeria Refinery and Petroleum Marketers (ANRPM) has called for collaboration with National Security Adviser Nuhu Ribadu to eliminate oil theft in the […]
Nigeria’s Inflation Rate Rises to 34.19% in June 2024
The National Bureau of Statistics (NBS) reported on Monday, July 15, that Nigeria’s inflation rate increased from 33.95% in May 2024 to 34.19% in June […]
CBN Excludes Bureau De Change Operators from Latest Forex Sales
The Central Bank of Nigeria (CBN) has excluded Bureau De Change (BDC) operators from its latest tranche of foreign exchange (forex) sales, limiting the intervention […]
Dangote Refinery to Begin Petrol Production Next Month Following Resolution of Crude Supply Issues
The Dangote Group, led by Chief Executive Officer Alhaji Aliko Dangote, announced that petrol production will commence next month at the Dangote Petroleum Refinery. This […]
Governor Adeleke and Lawmaker Advocate for Youth Involvement in Agriculture
Governor Ademola Adeleke of Osun State and Adewumi Adeyemi, a lawmaker representing Obokun State Constituency, have called for increased participation of youths and fresh graduates […]
Three Illegal BDC Operators Sentenced to One Year Imprisonment in Maiduguri
Justice K. Dagat of the Federal High Court in Maiduguri, Borno State, has convicted and sentenced three illegal Bureau-de-Change (BDC) operators to one year imprisonment […]
CBN Resumes Forex Sales to BDC Operators After Four-Month Break, Injects $122.67 Million to Stabilize Market
The Central Bank of Nigeria (CBN) has resumed forex sales to Bureau De Change (BDC) operators after a four-month hiatus, injecting $122.67 million into the […]