Business

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says the country has significantly reduced its importation of Premium Motor Spirit (PMS), fondly called petrol. The Chief Executive Officer of NMDPRA, Farouk…
Read More...

Monthly disbursements to the federal, states and local government areas dropped for the third consecutive time yesterday. The Federation Account Allocation Committee (FAAC) shared N1.58 trillion to the three tiers for March. The…
Read More...

Dangote refinery has reduced the price of its ex-gantry loading cost of Premium Motor Spirit (PMS), otherwise known as petrol, to N865 per litre. Dangote refinery informed its customers of the price reduction via a notice on Thursday,…
Read More...

Director General of the Energy Commission of Nigeria, ECN Dr. Mustapha Abdullahi ENSE has commended President Bola Ahmed Tinubu for the unwavering support towards the completion of a Hybrid Electric Vehicle Charging Station, situated in…
Read More...

The naira depreciated against the dollar across foreign exchange markets to begin the week despite a drop in Nigeria’s inflation. The Central Bank of Nigeria’s foreign exchange data showed that the Naira fell to N 1,528.03 per dollar…
Read More...

The Nigerian National Petroleum Company Limited (NNPC) has lowered the ex-depot price of Premium Motor Spirit (PMS), commonly referred to as petrol, from N890 to N825 per litre, reflecting the heightened competition in Nigeria’s downstream…
Read More...

President Bola Tinubu has kicked against the recommendation of the National Economic Council (NEC) to withdraw the tax reform bills generating controversy. At the 144th meeting of the NEC, presided over by Vice President Kashim…
Read More...

The Federal Executive Council (FEC) has approved the sale of Crude oil to Dangote Refinery and other local Refineries in naira instead of dollars. This was disclosed to State House Reporters by the Chairman of the Federal Inland Revenue…
Read More...

…Say BEDC Officials Manipulated Systems, Decry Monthly Charges In Excess of N7m Hoteliers and owners of business concerns in the ancient city of Sapele, headquarters of Sapele local Government are crying out to the government and well…
Read More...

The Central Bank of Nigeria (CBN) has sacked the Boards of Directors of Union, Keystone, Polaris, and Titan Banks. The boards dissolution is with immediate effect. Sources at the apex bank told The Star that the decision to sack the…
Read More...