Nigeria’s Oil Output Slumps Again, Depresses OPEC’s Crude Production in April
Again, Nigeria’s crude oil output sank in April 2024, raising concerns that the upswing recorded in January and, to some…
Category: Business
Afreximbank Urges African Countries to Strengthen Reserves with Gold
A report by African Export-Import Bank (Afreximbank) has stated that the current “high gold prices offer African countries an opportunity…
Naira rebounds as dollar supply hits $7bn in two months
Dollar supply in the official foreign exchange market reached a substantial sum of $7.3bn in the months of March and…
CBN slashes BDC exchange rate to N1, 036.3/$
•Sells $47.4m to BDCs in 2mths The Central Bank of Nigeria, CBN, yesterday for the second time in two months,…
FG Launches New Fiscal Incentives to Revamp Oil, Gas Sector, Aims to Attract $10bn Investment
The federal government yesterday officially launched a new set of fiscal incentives to rejuvenate Nigeria’s ailing oil and gas industry,…
FG closedown a No-Nigerian Shopper Supermarket owned by a Chinese lady
Esther Salifu The Federal Competition and Consumer Protection Commission (FCCPC) has shutdown an Abuja-based Chinese supermarket that restrict entry to…
Dana Aircraft veers off runway in Lagos
A Dana Air aircraft skidded off the runway at the Muritala Muhammed International Airport in Lagos State. According to a…
CBN Partners International Money Transfer Companies to Double Remittances to Nigeria
*Remittance task force to report directly to Cardoso*Naira will continue to appreciate against dollar, says Shettima The Central Bank of…
Bloomberg: Dangote Refinery Getting a Third of Its Crude from US, Set to Shake W’African Supply Market
The 650,000 barrels per day Dangote Crude Oil Refinery near Lagos is getting at least a third of its crude…
In Major Move, Dangote Crashes Diesel Price to N1,000/litre from N1,200
In a move that has been described as ‘unprecedented’ , the Dangote Petroleum Refinery yesterday announced a further reduction of…