In a heartwarming development for Nigeria’s oil industry, seven major oil marketers have received approval from the Dangote Petroleum Refinery to distribute refined petroleum products from...
Recent investigations by the Nigerian Tribune have illuminated a concerning absence of Nigerian shipping firms in the six crude oil deliveries made to the $19.5 billion...
Dangote Petroleum Refinery has confirmed its request for approval from the Nigerian Government to introduce diesel and other petroleum products into the domestic market. The company,...
In a historic move for Nigeria’s economy, the Dangote Refinery, touted as Africa’s largest with a staggering 650,000 barrel-per-day capacity, has officially commenced production. Situated in...
The Nigerian Foreign Exchange Market (NAFEM) witnessed a remarkable surge as the naira strengthened to N874.79 per dollar, marking a substantial 19% appreciation. Data sourced from...
In a press statement on Thursday, the Federal Government clarified its decision to set the Naira to dollar exchange rate at N800 in the 2024 Appropriation...
In a swift move following the dissolution of the boards of Polaris, Union, and Keystone banks, the Central Bank of Nigeria (CBN) has appointed new executives...
In a positive development for the Nigerian economy, the Naira has registered its third consecutive gain against the US dollar at the official foreign exchange market....
In a promising development, the $19 billion Dangote Refinery is gearing up to initiate its refining operations as it receives its 6th one million barrels of...
Recent developments in Nigeria’s financial sector indicate a deepening cash crunch, despite the Central Bank of Nigeria (CBN) taking steps to alleviate the situation. The scarcity...