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 Air Media...
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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. In the...
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3 Minutes
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 Tuesday, the...
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3 Minutes
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 thorough assessment...
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3 Minutes
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 economies rather...
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2 Minutes
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 production data,...
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1 Minute
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 Harcourt to...
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2 Minutes
Dangote: Naira-for-crude deal caused reduced petrol prices
The Dangote Petroleum Refinery has said that the naira-for-crude deal allowed it to reduce the price of petrol, which translates to reduced costs at the pumps. This is even as the company affirmed...
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4 Minutes
Nigerians to pay more for calls and data
News Update Telecom subscribers in Nigeria could soon be paying 5% more for data and voice services if the Nigeria Tax Bill 2024 is signed into law. Passed in the Senate on May 8,...
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Dangote slashes petrol gantry price per litre
News Update Dangote Petroleum Refinery has further lowered the gantry price of Premium Motor Spirit (PMS), commonly known as petrol, to N825 per litre, down from N835, amid growing market competition. This latest price...
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