The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has urged the Dangote Petroleum Refinery to improve access to fuel supplies and ensure that products are sold at fair and affordable rates for the benefit of Nigerians. Speaking during…
The Central Bank of Nigeria (CBN) has confirmed that 14 commercial banks have successfully met the new minimum capital requirements set under its ongoing recapitalisation programme. This disclosure was made by the CBN Governor, Olayemi Cardoso, on Tuesday in Abuja…
The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) and the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) have strongly opposed the Federal Government’s proposed plan to divest significant stakes in Joint Venture (JV) oil assets…
The Nigeria Extractive Industries Transparency Initiative (NEITI) has thrown its weight behind the Federal Government’s decision to revoke 1,263 mineral licences belonging to operators who failed to fulfil their statutory obligations. In a statement issued on Monday, the agency’s Director…
Trade between Nigeria and the United Arab Emirates (UAE) for non-oil commodities rose to a historic $4.3 billion in 2024, underscoring the growing importance of bilateral economic ties between the two nations. This was disclosed by the UAE Consul-General in…
Billionaire investor and Chairman of Geregu Power Plc, Femi Otedola, has raised fresh concerns over the future of Nigeria’s oil and gas industry, warning that entrenched interests and powerful cabals still threaten the sustainability of reforms, despite recent breakthroughs in…
Nigeria’s fiscal outlook remains tight as the Federal Government allocated 69 per cent of its total 2024 revenue to debt servicing, according to the latest Budget Implementation Report (BIR) from the Budget Office of the Federation (BOF). The report shows…
Africa’s richest man and President of Dangote Group, Aliko Dangote, has alleged that the Nigerian Union of Petroleum and Natural Gas Workers (NUPENG) collects up to N50,000 on every truck loading fuel from his refinery, a practice he says is…
The Nigeria Employers’ Consultative Association (NECA) has welcomed the continued decline in Nigeria’s inflation rate, calling on the Central Bank of Nigeria’s Monetary Policy Committee (MPC) to begin loosening its tight monetary stance to stimulate growth. This comes after the…
The Federal Government has stepped up efforts to maximise Nigeria’s participation in the African Continental Free Trade Area (AfCFTA) by hosting an Advanced Workshop on Rules of Origin in Abuja. The training session brought together trade-enabling agencies, organised private sector…
Nigeria and China have restated their commitment to stronger bilateral cooperation during a joint celebration of Nigeria’s 65th Independence anniversary and China’s 76th National Day, held in Lagos on Sunday. The colourful event, which also coincided with China’s Mid-Autumn Festival,…
Nigeria’s refining sector is facing renewed tensions as disputes deepen between refinery operators, petroleum marketers, and truck drivers’ unions over the future of the downstream industry. The Crude Oil Refiners Association of Nigeria (CORAN) has urged the Depot and Petroleum…
Social Democratic Party (SDP) leader and 2023 presidential candidate, Adewole Adebayo, has faulted the Federal Government for celebrating the recent drop in Nigeria’s inflation rate to 20.7 per cent, insisting that the country is still facing one of the highest…
Dangote Petroleum Refinery has alleged that the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) demanded an increase of N75 per litre on petrol and diesel before agreeing to buy from its gantry. According to the refinery, implementing such…
The U.S. Department of Justice (DoJ) has charged two Nigerians, Christopher Falade, 62, and his son, Emmanuel Falade, 32, along with six others, in connection with a $2.2 million housing stabilization fraud scheme in Minnesota. According to the DoJ, the…