Business
Naira Gains Against Dollar as CBN Implements New Forex Auction System
The Naira continued its upward trajectory against the US dollar at the official foreign exchange market on Monday, reflecting a positive trend amid ongoing...
Business
Gold Prices Soar Amid Middle East Tensions, Falling US Yields
Gold prices experienced a notable surge on Monday, reflecting the heightened demand for safe-haven assets amidst falling US Treasury yields and escalating tensions in...
Business
Edo Refinery Calls NNPCL to Address Critical Crude Supply Shortages
The Edo Refinery and Petrochemicals Company Limited (ERPCL), a modular refinery with a 1,000-barrel-per-day capacity in Edo State, is confronting severe operational difficulties due...
Business
Victims of NNPCL Demolition Demand ₦160bn Compensation, Justice
Residents of Ilorin, whose properties were demolished in 2018 by the Nigerian National Petroleum Company Limited (NNPCL), are demanding compensation of over ₦160 billion. The...
Business
NUPRC Yet To Supply 26 million Barrels of Crude – Dangote
The turmoil in Nigeria’s oil and gas sector shows no signs of easing as Dangote Refinery has reported that it has not received the...
Business
CBN Sells $815.36m in Inaugural Dutch Auction
The Central Bank of Nigeria (CBN) has conducted its first Retail Dutch Auction System (rDUS), selling $815.36 million to 26 banks at an exchange...
Business
How Buhari, Kyari Stopped Me From Buying Oilfield – Elumelu
Chairman Heirs Holdings and one of Africa’s most influential businessmen, Tony Elumelu, has made a startling revelation about a significant deal he was unable...
Business
NNPC Does Not Import Substandard Fuel – CEO
In a heated Senate hearing on August 7, 2024, Mele Kyari, the Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company (NNPC)...