Business
Dangote Refinery Denies Selling Fuel to NNPCL at N898/Litre
The Dangote Refinery has dismissed claims by the Nigerian National Petroleum Company Limited (NNPCL) that it sold petrol to the company at the exorbitant...
Business
Forex: Naira Soars Massively Against Dollar, Closes at N1,558
The naira, over the weekend, appreciated significantly against the United States dollar in the official foreign exchange market. According to data from the FMDQ Securities...
Business
NNPC Begins Lifting Petrol from Dangote Refinery
The Nigerian National Petroleum Corporation Limited (NNPC) has commenced the lifting of refined petrol from the Dangote Petroleum Refinery. This major development follows an announcement...
Business
Dangote Refinery to Start Selling Petrol Today But Only To NNPC
The Federal Government has announced that the Dangote Petroleum Refinery will begin distributing premium motor spirit (PMS), also known as petrol, starting this Sunday. Wale...
Business
Reps Order GTBank to Pay VAT on Remita Commissions 2015-2022
The House of Representatives has directed Guaranty Trust Bank (GTBank) to remit the Value Added Tax (VAT) on the commissions it received from Remita...
Business
Naira Falls Massively Against Dollar, 24 Hours After Presidential Celebration
In a dramatic turn of events, the Naira has significantly depreciated against the Dollar, falling to N1,655 per dollar in the parallel market on...
News
Edun Meets Customs Board to Discuss Zero Percent Duty on Food Imports
In a bid to tackle Nigeria's escalating food prices and shortages, Finance Minister Wale Edun held a crucial meeting with the Nigeria Customs Service...
Business
Tinubu’s Aide Blames NLC for Blocking Sale of Refineries to Dangote
The Nigerian government has accused the Nigeria Labour Congress (NLC) of impeding the sale of key refineries to billionaire Aliko Dangote in 2007. This accusation...