Business
Former Finance Minister Kemi Adeosun Urges Tinubu to Appoint National Export Adviser to Boost Nigeria’s Export Sector
Former Minister of Finance, Kemi Adeosun, has called on President Bola Tinubu to appoint a National Export Adviser to help drive reforms aimed at increasing Nigeria’s export potential. Adeosun...
Business
Dangote Refinery Temporarily Suspends Sales of Petroleum Products in Naira
Dangote Petroleum Refinery, one of Nigeria’s largest oil refineries, has announced the temporary suspension of the sale of petroleum products in Naira. This decision,...
News
Weak Demand Hits Nigerian Oil Exports as 12 March Cargoes Go Unsold
Nigeria’s oil industry is facing mounting challenges as it struggles to find buyers for its crude exports. As of mid-March, 12 crude cargoes, due...
News
Court Dismisses FCCPC’s Request to Join Dangote Refinery Lawsuit Against NNPCL, Oil Marketers
The Federal High Court in Abuja has dismissed the request by the Federal Competition and Consumer Protection Commission (FCCPC) to join a lawsuit filed...
Business
Nigeria’s Total Trade Exports Surge to $50.4 Billion in 2024
Nigeria’s foreign trade reached a historic milestone in 2024, with total exports soaring to $50.4 billion, marking a significant increase fueled by the depreciation...
Business
Tax Reforms: Reps Retain VAT at 7.5%, Rejects VAT Hike, Inheritance Tax
The House of Representatives has decided to maintain the Value Added Tax (VAT) rate at 7.5%, rejecting a proposal to gradually increase it to...
Business
Reps Ask CBN to Suspend ATM Charges Increase
The House of Representatives has called on the Central Bank of Nigeria (CBN) to suspend the recent increase in Automated Teller Machine (ATM) charges...
Business
Importers Face Higher Costs as CMA CGM Increases Shipping Charges
Importers and clearing agents operating at Nigeria’s ports are expressing frustration over a recent increase in shipping charges by CMA CGM, a leading French...
News
NMDPRA Approves New Refineries with Capacity to Produce 140,000 Barrels Per Day
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has issued licences to three oil companies to establish refineries. The new facilities are set...
Business
IMF Praises Tinubu’s Economic Reforms, Says They’re Strengthening the Naira
The International Monetary Fund (IMF) has lauded the economic reforms undertaken by President Bola Ahmed Tinubu’s government, stating that they have played a crucial...
Business
Nigeria Exceeds OPEC Oil Quota by 70,000 Barrels Per Day
Nigeria’s oil production saw a significant rise in February, surpassing its OPEC (Organization of the Petroleum Exporting Countries) production quota by 70,000 barrels per...