Petrol price is likely to rise again following the decision by the Nigerian National Petroleum Company Limited (NNPCL) to end its exclusive offtake agreement with the Dangote Refinery, allowing other marketers to... Read more »

Having lifted about 103 million litres of petrol from Dangote Refinery between September 15 and 30, the Nigerian National Petroleum Company Limited (NNPC) is now set to implement a new pricing regime... Read more »

Zenith Bank, one of Nigeria’s leading financial institutions, has restored improved services across its electronic transaction channels, ensuring customers have seamless access to banking services. In a statement released on Thursday via... Read more »

Petroleum marketers have raised an alarm that the Nigerian National Petroleum Company Limited, NNPCL, portal used for the purchase of Premium Motor Spirit (Petrol) has been shut down against dealers, making it... Read more »

Data from the Central Bank of Nigeria (CBN) has shown that the currency in circulation has reached an all-time high of N4.1trillion as of August 2024. The report also revealed that currency... Read more »

The Technical Sub-Committee on Domestic Sales of Crude Oil in Local Currency has confirmed that the supply of crude in naira by the Nigerian National Petroleum Company Limited to the Dangote Petroleum... Read more »

Join us at the Expanded National MSME Clinics this week to celebrate innovation, creativity, and commerce among Enugu’s businesses. Showcase your efforts to key stakeholders, including federal agencies, and receive support to... Read more »

Nigeria’s import bills on used vehicles, popularly known as tokumbo, fell by 83 percent year-on-year, YoY, to N138.62 billion in the first half of the year (H1’24) from N819.15 billion in H1’23.... Read more »

Dangote Group has said that it plans to transport refined petroleum products by sea. This announcement was made in a statement on Sunday by the Senior Adviser to the Group President on... Read more »

The Nigerian National Petroleum Company Limited (NNPCL), on Saturday, declared that production of 3 million barrels of crude oil per day was achievable from the 1.7 million currently produced. Making the declaration... Read more »

The naira depreciated to N1,700 per dollar at the parallel section of the foreign exchange (FX) market on Friday. At the end of trading hours, the naira depreciated by 1.49 percent compared... Read more »

Zenith Bank Plc has informed its customers of an early closure of its branches nationwide on Friday, September 27, and Monday, September 30, 2024. According to a notice issued by the bank,... Read more »

The Central Bank of Nigeria (CBN), on Wednesday, announced it has approved the sale of $20,000 to each eligible Bureau De Change (BDC) at the rate of N1,590 per dollar. A circular... Read more »

The President and Chief Executive of Dangote Group, Alhaji Aliko Dangote, has revealed that the price of petrol produced by his 650,000 barrels per day refinery in Ibeju-Lekki, Lagos State, is about... Read more »

11plc, Total Energies, AA Rano, and other marketers have begun lifting Dangote Petrol through Nigerian National Company (NNPC) Trading Limited for N765.99 to retail outlets nationwide. Akelicious findings showed some petroleum marketers... Read more »

Domestic crude oil refiners and officials at the Dangote Petroleum Refinery have kicked against the commencement of the importation of Premium Motor Spirit, popularly called petrol, by major oil marketers in Nigeria.... Read more »

The Central Bank of Nigeria (CBN) has announced that it will continue enforcing the controversial cybercrime levy at 0.005% on all electronic transactions under its new guidelines for the 2024-2025 fiscal year.... Read more »

The Nigerian National Petroleum Company Limited NNPCL) has authorised major petroleum marketers to commence lifting premium motor spirit, PMDS, otherwise known as petrol, from Dangote Petroleum Refinery under the existing agreement between... Read more »

On Monday, NNPC announced that it would sell the petrol lifted from the Dangote refinery at a price above N1,000/litre in the far north. Its spokesperson, Olufemi Soneye, disclosed in a statement titled,... Read more »