Business

The Nigerian National Petroleum Company Limited (NNPCL) has denied owing international oil traders $6.8 billion and refuted claims that it has not remitted funds into the federation account since January...

The Port Harcourt Refining Company, a refinery under the management of the Nigerian National Petroleum Company Limited (NNPCL) in Rivers State, has again failed to commence operations after about six...

The scarcity and scurry for Premium Motor Spirit (PMS) also known as petrol may come to an end this week as reports coming in indicate loading at Lagos depots has...

The world’s largest cryptocurrency by market cap, Bitcoin crashed to $52,000 amid a market sell-off on Monday. The price of the digital asset fell by 13 per cent in 24...

The number of vehicles imported into Nigeria dropped significantly by 60.4 per cent, year-on-year, YoY, to 10,991 in the first half of this year, H1’24, reflecting the impact of the...

The Naira has appreciated in the parallel market to N1,510 per dollar from N1,515 per dollar last Friday. However, the Naira depreciated to N1,508.99 per dollar in the Nigerian Autonomous...

Considering the current injection of foreign exchange sales to Bureaux De Change (BDCs), by CBN’s, analysts forsee that the naira will stabilise around N1,500 in the second half of the...

In news reports, Dangote refinery has begun negotiations with Libya to secure crude for the 650,000 barrels per day plant and will also seek Angolan oil, a senior executive, Devakumar...

President of Dangote Industries Limited (DIL), Aliko Dangote, has called on the House of Representatives to investigate the quality of diesel and petrol at filling stations. Dangote made the call...

The funds in dormant accounts, assets and unclaimed balances in banks and other financial institutions in the country will henceforth be transferred to an account managed by the Central Bank...