Business
South Korean Investors Plan to Build Four Refineries in Nigeria
In a major boost for Nigeria’s oil and gas industry, a group of South Korean investors is planning to build four refineries across different...
Business
IPMAN Denies Lifting Oil From Dangote Refinery, Talks Ongoing
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has clarified that it has not yet started lifting oil products from the Dangote Refinery. According...
Business
Minister Refutes Claims of Directing NNPCL to Abandon Abandon Refinery
Senator Heineken Lokpobiri, Nigeria’s Minister of State for Petroleum Resources, has strongly denied reports that he directed the Nigerian National Petroleum Company Limited (NNPCL)...
Business
DSS, Oil Marketers Set for Crucial Meeting Over Rising Pump Prices
Petroleum marketers have announced a critical meeting with the Department of State Services (DSS) over the increasing price of Premium Motor Spirit (PMS), commonly...
Business
Cardoso Defends FX Matching System: Trust is the currency of central banking
In a bold move aimed at restoring market credibility, the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, announced the introduction of...
Business
Naira Loses N89 Against Dollar as Exchange Rate Hits N1631.21
The Naira has experienced a significant drop in value against the U.S. dollar, losing N89.27 in just one week of trading. This marked a...
Business
Naira-for-Crude: FG Kicks Off Landmark Deal with Dangote Refinery
The Federal Government has officially begun the sale of crude oil and refined petroleum products in Naira as part of a landmark agreement with...
Business
Emirates Bans Pagers, Walkie-Talkies After Hezbollah Attack Pager-Explosions
Emirates, the largest airline in the Middle East, has announced a ban on pagers and walkie-talkies on all its flights. This follows deadly explosions...