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CBN Survey Reveals Nigerians’ Financial Woes: Savings and Investments to Take a Hit. A recent survey by the Central Bank of Nigeria (CBN) has painted a...
DANGOTE REFINERY UNVEILS FIRST BATCH OF PETROL, SET TO SUPPLY 25 MILLION LITRES IN SEPTEMBER. In a groundbreaking move, Aliko Dangote, President of the Dangote Group,...
Nigeria’s Oil Pipelines: A Ticking Time Bomb Despite N61bn Maintenance Spend. Sometimes, despite significant investments, infrastructure challenges persist. The Nigerian National Petroleum Company Limited (NNPCL) spent...
CBN Reinstates Lending to Banks, Sets Interest Rates for SLF and SDF. The Central Bank of Nigeria (CBN) has lifted the suspension on its Standing Lending...
Oil Producers Reject Forced Crude Sales to Dangote Refinery, Demand Market-Driven Approach. The Independent Petroleum Producers Group (IPPG) has warned against compulsory crude oil sales to...
Oil Producers Urge NNPCL to Prioritize Domestic Consumption with Intervention Crude. The Independent Petroleum Producers Group (IPPG) has called on the Nigerian National Petroleum Corporation Limited...
NNPCL Unveils Root Cause of Fuel Scarcity, Vows to Restore Normalcy. The Nigerian National Petroleum Company Limited (NNPCL) has pinpointed distribution challenges as the culprit behind...
Fuel Crisis Worsens: Petrol Scarcity Spreads Nationwide, Prices Skyrocket. A severe petrol shortage that began in Lagos and Abuja over a month ago has now spread...
FAAC Allocates N1.358 Trillion in July Revenue Distribution. The Federation Accounts Allocation Committee (FAAC) convened in Abuja on Friday, distributing a total sum of N1.358 trillion...
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has introduced a fresh directive, instructing fuel stations across the nation to cease selling Premium Motor Spirit...