Business

*Okays $2.2bn new borrowing plan, N250bn real estate investment fund *Crude oil price pegged at $75 per barrel, exchange rate N1,400 to dollar, and oil production of 2.06million barrels per day The Federal Executive Council (FEC),…
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The General Overseer of the Redeemed Christian Church of God (RCCG), Pastor Enoch Adeboye, has alleged a plot by oil cabals in Nigeria in collaboration with some International Oil Companies (IOCs) to make sure private refineries in the…
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The Independent Petroleum Marketers Association of Nigeria has secured an agreement with Dangote Refinery to lift products directly. IPMAN’s National President, Abubakar Garima, announced this at an ongoing press briefing on Monday in…
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Dangote Refinery has disclosed the price of its petrol, revealing that it sells petrol at N960 per litre for ships and maintains a price of N990 per litre for trucks. The statement follows claims from the Independent Petroleum Marketers…
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Oil marketers have again written a letter to the Dangote Petroleum Refinery expressing their willingness to buy refined petroleum products from the $20 billion plant. They disclosed this on Wednesday following Tuesday’s remarks by the…
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Dangote Petroleum Refinery and Petrochemicals FZE has asked the Federal High Court in Abuja to void import licenses issued to the Nigeria National Petroleum Corporation Limited (NNPC), Matrix Petroleum Services Limited, A. A. Rano Limited,…
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The World Bank has urged the federal government not to reverse the ongoing economic reforms, warning that it may have negative implications for the country. Removal of fuel subsidy and abolishing multiple foreign exchange systems were…
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The national grid collapsed on Monday, plunging millions of Nigerians into darkness. Several electricity distribution companies said the incident happened around 6 pm and work is in progress to restore the system. Eko Electricity…
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The National President of the Independent Marketers Association of Nigeria, Abubakar Garima, has revealed that the Nigerian National Petroleum Company Limited (NNPCL) is currently asking oil marketers to buy petroleum products from its…
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The Nigerian National Petroleum Company Limited (NNPCL) has increased the price of Premium Motor Spirit (PMS), otherwise known as petrol, from N897 to N1,030 per litre at its outlets in Abuja, the nation’s capital. It was gathered that…
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