Nigeria’s petrol imports have persisted with no significant decline despite reported rising domestic refining capacity. Nigeria, Africa’s largest crude oil producer and home to one of the biggest private refineries in the world, imported N3.3 […]
Nigeria imported petrol and diesel in February 2025 valued at about N930 billion, despite rising local refining capacity, raising questions as to the economic sense behind the licensing of oil marketers to bring in fresh […]
The Nigeria National Petroleum Company (NNPC) Limited has discontinued the naira-for-crude deal with Dangote Petroleum Refinery and other local refineries, TheCable understands. The development could trigger an uptick in the pump price of petrol as local refineries […]
NNPC Gas Marketing Limited (NGML), a subsidiary of NNPC Limited, and NIPCO Gas Ltd have signed a gas sale and purchase agreement (GSPA) with Ssonic Petroleum Ltd to supply natural gas to its planned liquefied […]
The Nigerian Economic Summit Group (NESG) has stated that the harsh economic environment in the country has led to the closure of about 30 per cent of Nigeria’s Micro and Small Medium Enterprises. Dr. Segun […]
The International Monetary Fund (IMF) has said the reforms of the Bola Ahmed Tinubu government has restored economic stability in the country and further helped in the strengthening of the value of the naira. According […]
The Federal Competition and Consumer Protection Commission (FCCPC) has formally instituted legal proceedings against MultiChoice Nigeria Limited and its Chief Executive Officer, John Ugbe, for violating regulatory directives, obstructing an ongoing inquiry and engaging in […]
First Bank will, today, conduct the groundbreaking ceremony for its new green-certified iconic head office building at Eko Atlantic City, Lagos. A statement by Ag. Group Head, Marketing & Corporate Communications, First Bank of Nigeria […]
The Federal Competition and Consumer Protection Commission (FCCPC) is set to arraign Karl Toriola, the Managing Director and Chief Executive Officer of MTN Nigeria Communications Plc, alongside other executives on May 28. Toriola, MTN Nigeria […]
The former chairman of the now-defunct Skye Bank, Tunde Ayeni, on Tuesday, informed the Federal Capital Territory Customary Court in Dawaki, Abuja, that his ex-mistress, Adaobi Alagwu, resorted to blackmail after he discontinued the monthly […]
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