Business & Economy
Dangote Sets New Terms for NNPCL’s Stake Expansion in $20B Refinery Project
Africa’s richest man and President of Dangote Group, Aliko Dangote, has revealed that the Nigerian National Petroleum Company Limited (NNPCL) will only be ...
Business & Economy
Naira Steadies Around ₦1,460 Officially as Parallel Market Holds Near ₦1,500 per Dollar
The naira closed the week relatively stable on Saturday, holding near mid-October levels as the official exchange rate hovered around ₦1,460 per US ...
Business & Economy
NNPC Revenue Dips 8.39% as Crude and Gas Output Decline in September
The Nigerian National Petroleum Company Limited (NNPC Ltd) has reported an 8.39 per cent decline in revenue, dropping to ₦4.26 trillion in September ...
Business & Economy
Nigeria’s Bank Credit Falls 12.8% to ₦98.97tn
Nigeria’s Net Domestic Credit (NDC) dropped by 12.8 percent year-on-year to ₦98.97 trillion in August 2025, according to the latest Money and Credit ...
Business & Economy
Petrol Nears ₦1,000/Litre as Dangote Refinery Glitches Spark Fresh Supply Crisis — Marketers Move to Import Fuel Independently
Amid worsening supply shortages and soaring pump prices, petroleum marketers have begun moves to independently import petrol, as the commodity edges closer to ...
Business & Economy
NNPCL Raises Petrol Price Amid Supply Disruption
The Nigerian National Petroleum Company Limited (NNPCL) has increased the pump price of Premium Motor Spirit (PMS) at its retail outlets, with stations ...
Business & Economy
Karimi Slams PENGASSAN Over Dangote Refinery Shutdown Threat, Calls Action ‘Economic Sabotage’
Kogi West Senator, Sunday Karimi, has warned the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) to desist from actions that ...
Business & Economy
Dangote Refinery Halts Petrol Sales in Naira
The Dangote Petroleum Refinery has announced the suspension of petrol sales in naira, a move that unsettled marketers on Friday and reignited concerns ...
Business & Economy
CBN Raises Alarm as Poor Naira Handling Pushes Currency Printing Cost to ₦315bn
The Central Bank of Nigeria (CBN) has warned that the abuse and poor handling of naira banknotes are driving up the cost of ...
Business & Economy
Fuel Supply Tussle: Marketers Urge Dangote to Cut Prices, Open Access to Depots
The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has called on the Dangote Petroleum Refinery to widen access to fuel supply ...