News Update THE naira depreciated against the dollar across official and parallel foreign exchange markets to end the week on a negative note on Friday. The Central Bank of Nigeria’s data showed…
Category: Business
Aminu Dantata, Dies
News Update Alhaji Aminu Dantata, a prominent businessman and philanthropist from Kano, has passed away at the age of 94. His death was announced on Saturday by his Principal Private Secretary, Mustapha…
Iran-Israel: Petrol to hit N1,000/litre
News Update Nigerians could soon pay up to N1,000 per litre for petrol, as rising global oil prices fueled by escalating Iran-Israel tensions rattle the international energy market. The surge follows recent…
Naira to dollar, other foreign currencies rate, friday
THE NEWS YOU NEED THE Nigerian Naira (NGN) to US dollar (USD) and other foreign currencies exchange rate in the parallel market, also known as black market, Friday June 20, 2025. Voice…
NUPRC: Crude exporters must get permit, UIN before shipment
The Nigerian Upstream Petroleum Regulatory Commission has announced that exporters must now obtain an export permit, vessel clearance, and a Unique Identification Number before any crude shipment can leave the country. …
Fuel distribution scheme will create jobs — Dangote refinery
The Dangote Petroleum Refinery has said its plan to distribute Premium Motor Spirit (petrol), diesel and other petroleum products to marketers will cut inflation and create jobs. In a statement on…
August 1: CAC unveils new service fees
The Corporate Affairs Commission has announced a fresh review of its service fees, which will take effect from August 1, 2025. The decision, according to the Commission, was taken after a…
Afrieximbank: Africa’s $400bn reserves held abroad hinder development
The President and Chairman of the Board of Directors of Afreximbank, Prof Benedict Oramah, has stated that Africa will remain economically stunted if it continues to channel its financial resources into developed…
Nigeria’s oil production dropped by 2% to 1.45m bpd in May — NUPRC
The Nigerian Upstream Petroleum Regulatory Authority (NUPRC) says the country’s oil production decreased to 1,452,941 barrels of oil per day (bpd) in May. According to NUPRC’s latest crude oil and condensate…
BREAKING: Port Harcourt Refinery shut down!
The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced a temporary shutdown of the Port Harcourt Refining Company (PHRC) . The NNPCL says this is for the refinery in Port…