Customs CG, Adeniyi orders auction of seized petrol at N630 per litre
The Comptroller-General of the Nigeria Customs Service (NCS), Adewale Adeniyi has ordered the auction of seized petrol in Adamawa at N630 per litre. At a press…
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Business
Nigerian business and economy news: the naira, CBN policy, inflation, oil and gas, banking, markets, budgets and companies.
Tinubu’s govt secures fresh $6.45bn loan from W’Bank as Nigeria’s debt profile swells
The Federal Government of Nigeria, under President Bola Tinubu, has secured loans totalling $6.45 billion from the World Bank within just 16 months. This total has…
South Korean investors to build four refineries in Nigeria — FG
The Federal Government announced on Tuesday that a consortium of South Korean investors is set to build four refineries in Nigeria, each with a capacity of…
We’re not responsible for petrol price hike – FG
The Federal Government has said it is not responsible for the hike in the pump price of petrol. On Wednesday, the Nigerian National Petroleum Company Limited…
Petrol Price Hits N1,200/Litre as Independent Marketers Follow After NNPC
The price of Premium Motor Spirit (PMS) popularly known as petrol has risen across the country as independent oil marketers, which account for the majority of…
Hardship: I can’t afford diesel again — Rotimi Amaechi
Former Minister of Transportation Chibuike Amaechi has said that he is angry with the way Nigerians are responding to the current economic challenges. Amaechi made this…
BREAKING: NNPC increases petrol price, sell at N1,030 per litre
The price of petrol at Nigerian National Petroleum Company Limited (NNPC Ltd) outlets in Abuja increased to N1,030 per litre on Wednesday. The development follows the…
FG denies approving Dangote Refinery as sole supplier of Aviation Fuel
The Minister of Aviation and Aerospace Management, Festus Keyamo has denied saying that the federal government approved the Dangote Petroleum Refinery Company as the sole supplier…
BREAKING: NNPC quits as middleman in purchase of Dangote Refinery petrol
The Nigerian National Petroleum Company Limited (NNPC) is ending its exclusive purchase agreement with Dangote Refinery, opening up the market for other marketers to buy petrol…
Businesswoman Slumps After Losing N2.3 Million In FCT Market
A businesswoman who has been identified as Rukaiyyat has slumped after she lost N2.3 million at the Abaji main market of the Federap Capital Territory. According…