Business

The Nigerian National Petroleum Company (NNPC) Limited in the early hours of Monday, 16 September released the estimated pump price of Premium Motor Spirit (PMS) also known as petrol obtained...

Grangemouth, Scotland’s only oil refinery, is to close in 2025 with the loss of 400 jobs, operator Petroineos has said, according to Reuters, as part of plans to turn the...

Google, Netflix, Facebook and other foreign companies operating in Nigeria paid N2.55tn in taxes to the Federal Government in the first six months of 2024. The amount represents an increase...

Oil marketers have demanded direct access to Premium Motor Spirit (petrol) from the Dangote refinery, criticizing the firm grip of the Nigerian National Petroleum Corporation on the market. The National...

The price of Premium Motor Spirit (PMS), otherwise known as petrol, rose, last night, as indications emerged that the product may sell for between N857 and N865 per litre after...

Oil marketers have confirmed that they will start lifting Premium Motor Spirit (petrol), from the Dangote Petroleum Refinery next week. Some revealed that they had started sending trucks to the...

The Federal Government has finally reached an agreement with the management of Dangote Refinery on the commercial terms for the supply of crude oil to the refinery and the off-taking...

The naira appreciated on the official foreign exchange window by N103.35 in a single day to close at N1,546.41/$1. In contrast, the currency remained stable in the parallel market, holding...

The Central Bank of Nigeria has directed that all Point of Sale operators must route transactions through licensed payment terminal service aggregators. A circular posted on the CBN’s website on...

The Central Bank of Nigeria has directed all Payment Service Providers to route all transactions from PoS terminals at merchant and agent locations — physical or electronic — through an...