The full deregulation of Nigeria’s downstream oil sector appears to have taken off, as the Nigerian National Petroleum Company Limited (NNPCL) raised petrol pump prices […]
Category: Economy
Economy
Dangote Urges End to Crude Oil-For-Loan, Calls for Domestic Refining Boost
Aliko Dangote, President of Dangote Group, has emphasized the need for Nigeria to halt mortgaging its crude oil to secure sufficient feedstock for local refineries. […]
FCT Residents Lament as NNPCL Increases Petrol Price to N1,030 per Litre
On Wednesday, October 9, residents of the Federal Capital Territory (FCT) were thrown into dismay after the Nigerian National Petroleum Company Limited (NNPCL) raised the […]
South Korean Consortium to Build Four Refineries in Nigeria, Says FG
A consortium of South Korean investors is set to build four refineries in Nigeria, each with a capacity of 100,000 barrels, the Federal Government announced […]
Naira-for-Crude Deal with Dangote Refinery Set to Last Six Months
The Nigerian National Petroleum Company Limited (NNPC) has initiated a naira-for-crude deal with the Dangote Petroleum Refinery, set to last for six months in its […]
Banks Thrive Amid Economic Gloom
The Nigerian banking sector is experiencing a notable surge in profits despite the broader economic challenges facing the country. Key findings from Financial Vanguard’s report […]
NNPC Set to Supply Crude in Naira to Dangote Refinery as Local Refineries Gear Up for Petrol Production
The Nigerian National Petroleum Company Limited (NNPC) is preparing to supply crude oil in naira to the Dangote Petroleum Refinery this week, following the Federal […]
Vice President Shettima Disburses N150,000 Grants to MSMEs in Enugu, Inaugurates MSME Fashion Hub in Enugu
Vice President Kashim Shettima, on behalf of President Bola Tinubu, disbursed N150,000 grants to Micro, Small, and Medium Enterprises (MSMEs) in Enugu State yesterday. The […]
NDLEA Kaduna Seizes Over 1,000 kg of Illicit Drugs, Arrests 420 Suspects
The Kaduna State Command of the National Drug Law Enforcement Agency (NDLEA) has seized 1,045.93 kg of various illicit substances and arrested 420 suspects in […]
10 Key Highlights from President Tinubu’s 64th Independence Anniversary Address
In his address to the nation marking Nigeria’s 64th Independence Anniversary, President Bola Ahmed Tinubu outlined the progress made by his administration, acknowledging the challenges […]