The Nigerian National Petroleum Corporation Ltd. (NNPCL) has explained why fuel scarcity resurfaced nationwide. Dapo Segun, NNPCL’s Vice President (Downstream), addressed the situation during a press conference Tuesday, August 20, at the NNPC Towers... Read more »
The Nigerian National Petroleum Company Limited (NNPC Ltd.) says it has not paid fuel subsidies to anyone in the last nine months. The Chief Financial Officer of the company, Alhaji Umar Ajiya,... Read more »
Average price of petrol per litre across states and the FCT as at July 2024 1. Katsina: N9502. Jigawa: N9033. Benue: N8474. Osun: N8425. Borno: N8296. Taraba: N8277. Kebbi: N8228. Bauchi: N8169.... Read more »
Dangote Group has denied fixing petrol prices, refuting a Punch Newspaper headline that suggested a projection of N600/litre by the Independent Petroleum Marketers Association of Nigeria (IPMAN). The company clarified that IPMAN... Read more »
Dangote Refinery has insisted that Premium Motor Spirit (PMS), popularly known as petrol, refined at the refinery, will hit the market by August. The company’s Group Chief Branding and Communications Officer, Anthony... Read more »
The management of AIPCC Energy Limited, operators of the Edo Refinery and Petrochemicals Company Limited (ERPCL), has raised the alarm over the persistent lack of crude despite being a fully functional 1,000... Read more »
Africa’s largest oil refinery, Dangote Refinery, has reiterated its challenges in securing adequate crude oil supply for its operations, despite claims of increased allocation from the Nigerian National Petroleum Company (NNPC). In... Read more »
The Nigerian National Petroleum Company Limited (NNPCL) has demanded a refund of N4.71tn from the Federal Government to settle outstanding debts used to import Premium Motor Spirit, popularly called petrol, into the... Read more »
The Nigerian National Petroleum Company (NNPC) Limited has introduced the Utapate crude oil blend, a new crude oil grade, into the international market.According to a statement on Monday by Femi Soneye, NNPC’s... Read more »
The United States of America, Spain, France, South Korea, Angola, Togo, Guinea, Belgium, Israel, and Singapore, have been listed as the top 10 importers of petroleum products from Nigeria’s $20 billion Dangote... Read more »
The Central Bank of Nigeria (CBN) has again raised the Monetary Policy Rate (MPR), which measures interest rates by 50 basis points, from 26.25% to 26.75% amid soaring inflation and skyrocketing food... Read more »
The prices of major staple foods in Nigeria such as beans, yam, potato, plantain and tomato have risen by over 250% in the last one year.This is according to the latest Food... Read more »
For the fifteenth consecutive year, Zenith Bank Plc has retained its position as the Number One Bank in Nigeria by Tier-1 Capital in the 2024 Top 1000 World Banks’ Rankings, published by... Read more »
Rising landing costs for petrol are set to send the Nigerian National Petroleum Company (NNPC) ‘secret’ subsidy bill rocketing, threatening to exacerbate the already precarious economic situation of Africa’s largest oil producer,... Read more »
The landing cost of Premium Motor Spirit, also known as petrol, was N1,117/litre as of Tuesday, July 16, 2024, the Major Energies Marketers Association of Nigeria announced on Wednesday. MEMAN disclosed this... Read more »
Zenith Bank Plc, Nigeria’s leading financial institution, held its Capital Markets Day last week to showcase the bank’s inherent values as it embarks on its recapitalisation journey. The event, which brought together... Read more »
The National Bureau of Statistics (NBS) has released the latest inflation figures, revealing that the headline inflation rate in Nigeria increased to 34.19% in June 2024. This marks a 0.24 percentage point... Read more »
In today’s digital age, transactions have become an integral part of our daily lives. With the rise of online shopping, mobile banking, and digital wallets, the need for a secure and efficient... Read more »
Ahead of the release of the National Bureau of Statistics report on the country’s inflation for June 2024, some economic watchers have projected that inflation would maintain its upward movement but at... Read more »
The Chief Executive Officer (CEO) of Dangote Refinery, Aliko Dangote, has revealed that the Nigerian National Petroleum Corporation (NNPC) Limited no longer owns a 20% stake in Dangote Refinery. Dangote disclosed this... Read more »