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Finance & Economy - Page 107

Tinubu Nominates New Oil Regulators as Ahmed, Komolafe Resign

President Tinubu has nominated new chief executives for Nigeria’s petroleum regulatory agencies following the resignation of the heads of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), developments that come amid intense controversy

December 18, 2025

Business·Oil & Gas

Asharami Synergy Leads Aviation Fuel Market, Applauds IATA’s Sustainability Efforts

Asharami Synergy Limited, a Sahara Group downstream company in Nigeria has attributed its sterling performance in the aviation fuel market to the firm’s commitment to safety, technology-driven solutions and environmental sustainability.

June 18, 2024

Dangote Refinery: Of Hopes, Drools And Jokes

Business·Oil & Gas

Dangote Refinery Wouldn’t Have Been Successful Without Afrexim Bank – Dangote

Chairman of Dangote Group, Alhaji Aliko Dangote, has disclosed that his $20 billion refinery would not have been successfully completed without financing support that came from Africa Export-Import Bank (Afrexim Bank).

June 17, 2024

FEATURES·Finance & Economy

Nigeria: Top 10 Performing Sectors By VAT Contribution In Q1 2024

Value Added Tax (VAT) collection in Nigeria has continued to record significant improvement over the years.

June 17, 2024

Nigeria's Inflation Rate Hits 33.88% In October Amid Fresh Fuel Price Spike

Finance & Economy

Food Prices Remain Major Contributor To Nigeria’s High Inflation

As Nigeria's inflation rate continues to surge, high food prices has remained a major contributor to it.

June 16, 2024

NNPC Seeks New $2 Billion Oil-Backed Loan To Boost Finances

Business·News·Oil & Gas

NNPCL Seeks Judicial Support To Combat Crude Oil Theft, Pipeline Vandalism

The Chief Executive Officer of the Nigerian National Petroleum Corporation Limited (NNPCL), Mr. Mele Kyari, has called on the judiciary to play a crucial role in addressing the persistent issues of crude oil theft and pipeline vandalism. Kyari emphasized the need for

June 14, 2024

Petrol Landing Cost Price Now At N1,117/litre, MEMAN Reveals

Business·News·Oil & Gas

Petrol Importation Cost Rise By 31.4% Amid Reduced Consumption In Nigeria

Nigeria’s spending on petrol importation has increased, despite a substantial drop in the country’s consumption rate. Reports from the Nigeria Bureau of Statistics (NBS) reveal that N2.63 trillion was spent on importing Premium Motor Spirit (PMS) in the first quarter of 2024.

June 13, 2024

Dangote Refinery: Fueling Nigeria's Economic Resurgence or Monopoly Menace?

Business·News·Oil & Gas

Mixed Reaction As Dangote Refinery Postpones Petrol Supply To July 15

Dangote Refinery has announced that its plan to release Premium Motor Spirit (PMS) into the market this month, will no longer be possible, leading to diverse reactions from Nigerians. The President of Dangote Group, Aliko Dangote, made this known during a facility

June 12, 2024

Oil & Gas

Disorganized Gas Sector In Nigeria

Nigeria has over 209.5 trillion cubic feet of natural gas reserves based on the estimates of 2022, the largest natural gas reserves in Africa, which accounts for 33% of total gas reserves in the continent. In addition to this volume, the Nigerian

June 10, 2024

Business·News·Oil & Gas

NNPCL Denies Inflating Fuel Subsidy Payments

The Nigerian National Petroleum Company Limited (NNPCL) has denied inflating fuel subsidy payments at any point in time.

June 10, 2024

Vessels Discharge Hitches Causing Fuel Scarcity – NNPC

Business·News·Oil & Gas

Modular Refineries: How Local Refining May Crash Petrol Price To N300/litre

The price of Premium Motor Spirit (PMS), commonly known as petrol, could drop to about N300 per litre, with the commencement of large-scale production by the Dangote Petroleum Refinery and other local Modular refineries. This was the statement made by operators of

June 10, 2024

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Dollar Trades Flat In Black Market, Appreciates In Official Window

The dollar traded at N1,487.01/$1 in the parallel market on

Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

The government of Venezuela has condemned what it described as

Bank of Japan Poised to Lift Rates to 30-Year High as Inflation Pressures Persist

The Bank of Japan (BOJ) is set to raise its

SEC Orders Full Registration of Tradable Instruments by January 2026

The Securities and Exchange Commission (SEC) has ordered all Capital

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Finance & Economy - Page 107

Tinubu Nominates New Oil Regulators as Ahmed, Komolafe Resign

Asharami Synergy Leads Aviation Fuel Market, Applauds IATA’s Sustainability Efforts

Dangote Refinery Wouldn’t Have Been Successful Without Afrexim Bank – Dangote

Nigeria: Top 10 Performing Sectors By VAT Contribution In Q1 2024

Food Prices Remain Major Contributor To Nigeria’s High Inflation

NNPCL Seeks Judicial Support To Combat Crude Oil Theft, Pipeline Vandalism

Petrol Importation Cost Rise By 31.4% Amid Reduced Consumption In Nigeria

Mixed Reaction As Dangote Refinery Postpones Petrol Supply To July 15

Disorganized Gas Sector In Nigeria

NNPCL Denies Inflating Fuel Subsidy Payments

Modular Refineries: How Local Refining May Crash Petrol Price To N300/litre

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