The Major Energy Marketers Association of Nigeria, MEMAN, has refuted reports that the pump price of Premium Motor Spirit (PMS) will drop to ₦300/litre, as Dangote Petroleum Refinery and other local refiners, including modular refinery operators commences large-scale productions....
Customs agents in the country have called on the federal government to urgently ensure the implementation and enforcement of the Executive Order on the reduction of security agents and a one-stop-shop process as provided in the Port Related Offences...
Bureau De Change (BDC) operators across Nigeria are expressing concerns against Central Bank of Nigeria’s (CBN) new directive mandating them to re-apply for licenses under new stringent guidelines.CBN noted that the overhauling aim to enhance the regulatory framework and...
NNPCL Chief Communications Officer, Olufemi Soneye who gave the assurance, added that the company currently has an availability of products exceeding 1.5 billion litres, which can last for at least 30 days. “However, as you know, overcoming such disruptions...
The Central Bank of Nigeria, CBN, has ban mobile money operators including fintech firms from onboarding new customers with a nod from the Bank Customers Association of Nigeria.The new directive will affect fintech companies such as OPay, Palmpay, Kuda...
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC), Mele Kyari, yesterday said that the anticipated public listing of the company’s shares at the stock market as provided for in the Petroleum Industry Act (PIA)...
Saudi Arabia has cancelled the visa of all the 264 passengers airlifted by Nigeria’s major carrier, Air Peace, on arrival in Jeddah from Kano and insisted that the airline should return them back to Nigeria. It later allowed 87...
The Edo State Governor, Mr. Godwin Obaseki; Chairman of the Board of Trustees, Alaghodaro Economic Summit Limited/Gte, Dr. Asue Ighodalo, and the Chairman and Chief Executive Officer of the Dangote Group, Aliko Dangote, and other guests at the 2023...
The Presidential Compressed Natural Gas Initiative has inaugurated the Kaduna State CNG conversion centre as part of the Federal Government’s effort to mitigate the effect of subsidy removal.According to the Chairman of the Presidential CNG Initiative Steering Committee, Zacch...
As part of efforts to boost foreign currency liquidity in the economy and strengthen foreign exchange (FX), the federal government has concluded plan to securitise about $7 billion of the country’s dividends from the Nigerian Liquefied Natural Gas (NLNG)....
