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Finance & Economy - Page 132

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

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

Business·Oil & Gas

Dangote Refinery: Eterna PLC Becomes Official Distributor

In a development, Eterna PLC has announced its official role as a domestic sales distributor for the Dangote Petroleum Refinery that just began operations in Nigeria. The Dangote refinery, having commenced the production of diesel and aviation fuel, marks a stride in

January 18, 2024

Naira Falls To ₦1,530/$ At Official Market After Public Holiday

Business·Currency

Naira Depreciation Sparks Surge In Dollar Savings As BDC Seeks Central Bank Review

Bureau De Change operators sounded the alarm as Nigerians flock to keep their savings in US dollars amid concerns over the eroding value of the naira.

January 18, 2024

NNPC: Petrol Import To Stop As Port Harcourt Refinery Begins Operations Soon

News·Oil & Gas

Oil Theft: 10,166 Illegal Refineries, Crude Pipeline Connections Destroyed In Nigeria Since 2021 – NNPCL

The Nigerian National Petroleum Company Limited (NNPCL) says 10,166 illegal refineries and crude oil pipeline connections have been destroyed in Nigeria since 2021. NNPCL, GCEO, Mele Kyari made this known when he spoke as a guest lecturer during the 2024 Faculty Lecture

January 18, 2024

Naira Ends Week With N30 Gain In Black Market: Hope For Naira?

Business·Currency

Naira Hits New Record Low At N1,320/$1

Naira plummeted to an unprecedented low of N1,320 per dollar on Wednesday, marking a 3.03% or N40.00 drop from the previous day's close at N1,280.

January 17, 2024

10 Ways To Ensure Your Safety During A Gas Explosion

Oil & Gas

Ibadan Explosion: 10 Safety Tips During Gas Explosion

In light of the tragic and terrible news of the recent gas explosion in Ibadan, emphasizing the importance of gas safety has become even more critical. Gas explosions are potentially catastrophic events with devastating consequences. To safeguard yourself and those around you,

January 16, 2024

Business·News·Oil & Gas

Shell To End Nigerian Onshore Oil Operations, Seals $2.4bn Deal With Renaissance Africa Energy

Shell has concluded plans to exit onshore oil operations in the Nigeria

January 16, 2024

Major Events That Shaped Nigeria's Oil & Gas Sector In 2023 And Looking Ahead 2024

Business·Oil & Gas

Will Oil, Gas Sector Increase Nigeria’s Revenue In 2024?

Nigeria's oil and gas sector has developed as the star entertainer of the year, encountering a noteworthy surge of 125% over the past year, making it the best-performing record in 2023.

January 16, 2024

Nigeria Week Ahead: Inflation, Naira and Oil In Focus

Finance & Economy

Experts Urge Nigerian Govt To Adopt Multi-sectoral Approach In Tackling Inflation

Economic experts have called on authorities to adopt a multi-sectoral approach in tackling high inflation in Nigeria.

January 16, 2024

Naira Appreciates, Ends Week Positive Across Official, Black Markets

Business·Currency

Naira Hits Record High, Surpassing N1,300/$ In Cryptocurrency, Parallel Markets

The Nigerian naira has surged past the N1,300 mark against the US dollar in both the Peer-to-Peer cryptocurrency window and the parallel market.

January 16, 2024

Kaduna Refinery: The Role Of Local Refining In Nigeria's Fuel Economy

Business·Oil & Gas

Conoil Plc, NNPC Retail, 5 Others To Distribute Dangote Petroleum

Dangote Petroleum Refinery in Nigeria has marked a pivotal milestone as seven major oil marketers, including 11 Plc, Conoil Plc, Ardova Plc, MRS Oil Nigeria Plc, OVH Energy Marketing Limited, Total Nigeria Plc, and NNPC Retail, have registered with the refinery for

January 15, 2024

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Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

The Federal Government of Nigeria has issued its debut bond

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

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Finance & Economy - Page 132

Tinubu Nominates New Oil Regulators as Ahmed, Komolafe Resign

Dangote Refinery: Eterna PLC Becomes Official Distributor

Naira Depreciation Sparks Surge In Dollar Savings As BDC Seeks Central Bank Review

Oil Theft: 10,166 Illegal Refineries, Crude Pipeline Connections Destroyed In Nigeria Since 2021 – NNPCL

Naira Hits New Record Low At N1,320/$1

Ibadan Explosion: 10 Safety Tips During Gas Explosion

Shell To End Nigerian Onshore Oil Operations, Seals $2.4bn Deal With Renaissance Africa Energy

Will Oil, Gas Sector Increase Nigeria’s Revenue In 2024?

Experts Urge Nigerian Govt To Adopt Multi-sectoral Approach In Tackling Inflation

Naira Hits Record High, Surpassing N1,300/$ In Cryptocurrency, Parallel Markets

Conoil Plc, NNPC Retail, 5 Others To Distribute Dangote Petroleum

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Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

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Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

SAFE IN NIGERIA: Boris Johnson’s Claim and the outrage

Enugu’s BRT Blitz: Modern Roads, Shattered Lives

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Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

Dollar Trades Flat In Black Market, Appreciates In Official Window

Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

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

Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

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Finance & Economy - Page 132

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