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Finance & Economy - Page 90

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

NLC Accuses Tinubu Of Betrayal As Fuel Prices Rise, Demands Immediate Reversal

Business·News·Oil & Gas

NLC Accuses Tinubu Of Betrayal Over Fuel Price Hike, Demands Immediate Reversal

The hike in fuel prices has sparked a wave of outrage across Nigeria, with the Nigeria Labour Congress (NLC) branding President Bola Tinubu a “betrayer” of the people. The NLC, which represents the interests of workers nationwide, expressed its strong disapproval in

September 3, 2024

Business·News·Oil & Gas

Marketers Halt Sales In Ogun As Dangote Refinery Rolls Out Petrol

Several filling stations in Ogun State abruptly stopped selling Premium Motor Spirit (PMS) on Tuesday, following Dangote Refinery’s announcement that it was ready to release locally refined petrol products in “48 hours.” Many motorists in Ijebu Ode were stranded on Tuesday as

September 3, 2024

Business·News·Oil & Gas

Lagos Residents Lament As High Fuel Price Triggers Transportation Chaos

Fuel prices have skyrocketed in Lagos, creating a scarcity that has disrupted daily life and led to an unprecedented increase in transportation costs. As filling stations across the city struggle to meet demand, residents are left grappling with the financial burden of

September 3, 2024

Oando Plc's Share Price Rise By %1,286% In One Year, Market Cap Crosses N1trn

Business·Markets·News·Oil & Gas

Oando Share Price Rises By 1,286% In One Year, Market Cap Crosses N1trn

Oando Plc has made a climb on the Nigerian Exchange Limited (NGX), reflecting a 1,286 per cent gain in its share price from September 4, 2023, to September 2, 2024. The stock closed at N84.55, up from N6.10 just a year earlier.

September 3, 2024

Dangote Refinery: Of Hopes, Drools And Jokes

Business·News·Oil & Gas

Our Refinery’s Capacity Will Meet Nigeria, Sub-Saharan Petrol Demands – Dangote

Aliko Dangote, the chairman of Dangote Group, has announced that the Dangote Refinery, with a capacity of 650,000 barrels per day, is set to satisfy the petrol demands in Nigeria and across the entire sub-Saharan region. This statement was made during a

September 3, 2024

Dangote Refinery Reduces Ex-depot Price Of Diesel To ₦1,020 Per Litre

Business·News·Oil & Gas

Dangote Refinery Rolls Out First PMS Products

Dangote Refinery has finally begun refining Premium Motor Spirit (PMS) also known as petrol. President of Dangote Group, Aliko Dangote, made a presentation of the first sample of petrol produced from the refinery on Tuesday. This comes after a series of postponements

September 3, 2024

Nigeria’s Energy Crisis: A Fuel Hike Or A Broken System?

Business·News·Oil & Gas

Petrol Price To Hit N1,300, NNPC Faces Financial Strain

The price of petrol in Nigeria is on the verge of a significant increase, with estimates suggesting it could reach N1,300 per litre. This rise is attributed to the financial challenges faced by the Nigerian National Petroleum Company (NNPC) Limited, which is

September 3, 2024

Business·News·Oil & Gas

NNPCL Admits Financial Strain Amid Rising PMS Supply Costs

NNPC Faces Financial Challenges Due to Rising Supply Costs NNPC Ltd. is facing significant financial pressure due to rising Premium Motor Spirit (PMS) supply costs. This situation is putting a strain on the company’s ability to maintain a stable fuel supply, raising

September 2, 2024

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 1st July 2025

Business·Currency·Markets·News

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 2nd September 2024

What is the Dollar to Naira Exchange rate at the black market, like the Aboki FX? The exchange rate for the US dollar (USD) to Nigerian Naira (NGN) in the parallel market, also known as black market, especially the Aboki fx as

September 2, 2024

Nigerian Govt Spends More On Debt Servicing Than Capital Expenditure, Personnel Costs, In Q1 2024

Finance & Economy·News

How Nigerian Govt Can Raise $50bn To Tackle Debt Burden – Expert

Chief Executive Officer of CFG Advisory, Tilewa Adebajo, has stated that the Nigerian government can raise $50 billion through sale of assets, reduce its debt burden. He warned that if the federal government does not take drastic measures to address the debt

August 31, 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 90

Tinubu Nominates New Oil Regulators as Ahmed, Komolafe Resign

NLC Accuses Tinubu Of Betrayal Over Fuel Price Hike, Demands Immediate Reversal

Marketers Halt Sales In Ogun As Dangote Refinery Rolls Out Petrol

Lagos Residents Lament As High Fuel Price Triggers Transportation Chaos

Oando Share Price Rises By 1,286% In One Year, Market Cap Crosses N1trn

Our Refinery’s Capacity Will Meet Nigeria, Sub-Saharan Petrol Demands – Dangote

Dangote Refinery Rolls Out First PMS Products

Petrol Price To Hit N1,300, NNPC Faces Financial Strain

NNPCL Admits Financial Strain Amid Rising PMS Supply Costs

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 2nd September 2024

How Nigerian Govt Can Raise $50bn To Tackle Debt Burden – Expert

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