Business

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...

Nigeria’s trade surplus rose by 33.9 per cent quarter-on-quarter (QoQ) to N67.95 trillion in the second quarter of 2024 from N5.19 trillion in Q1 2024. The National Bureau of Statistics...

The Nigerian National Petroleum Corporation Limited (NNPCL) said on Monday, 09 September that it signed a deal with its Joint Venture (JV) partner, Chevron Nigeria Ltd (CNL) to convert five...

In the wake of the Nigerian National Petroleum Company Limited's (NNPCL) position to fully offtake Dangote Refinery petrol only if the market prices of the commodity were higher than the...

The Nigerian National Petroleum Company Limited (NNPCL) says petrol from the $20bn Dangote Petroleum Refinery will be lifted at the plant from September 15 however, outlined conditions that would determine...

Chairman and chief executive of the Dangote Group, Aliko Dangote has said the price of petrol from his refinery would be determined by the Federal Executive Council (FEC}. He said...

The Dangote Petroleum Refinery has said that its Premium Motor Spirit, popularly called petrol, will be exported if the Nigerian National Petroleum Company Limited and other petroleum dealers in the...