Business
Latest News on Business, Economy, stock market, Crypto currency, Bitcoin and monetary policy in Nigeria
Fuel Scarcity Looms As Depots Raise Petrol Price To ₦720/Litre
July 8, 2024
Fuel Scarcity Looms As Depots Raise Petrol Price To ₦720/Litre
Fuel scarcity is gradually surfacing in Lagos and other parts of the country as private depot owners hiked the ex-depot…
CNG 40% Cheaper Than Petrol, 100 Stations Coming – NNPC
July 5, 2024
CNG 40% Cheaper Than Petrol, 100 Stations Coming – NNPC
The use of Compressed Natural Gas in automobiles is 40 per cent cheaper than using Premium Motor Spirit, popularly called…
NNPCL Declares State of Emergency On Oil Production
July 4, 2024
NNPCL Declares State of Emergency On Oil Production
The Nigerian National Petroleum Company (NNPC) Limited has declared a state of emergency on oil and gas production in Nigeria,…
Dangote Refinery Begins Gasoil Exports To West African Countries
July 2, 2024
Dangote Refinery Begins Gasoil Exports To West African Countries
Nigeria’s new Dangote oil refinery is ramping up gasoil exports to West Africa, capturing market share from European refiners, according…
NERC Issues Imo Approval To Regulate Its Electricity
July 1, 2024
NERC Issues Imo Approval To Regulate Its Electricity
In line with the Electricity Act 2023, the Nigerian Electricity Regulatory Commission, NERC, issued an order transferring regulatory oversight of…
Over 1,800 Filling Stations Shut In NE As FG Moves Against Fuel Smuggling
June 25, 2024
Over 1,800 Filling Stations Shut In NE As FG Moves Against Fuel Smuggling
Nearly 2,000 petrol outlets were shut in Nigeria’s North-east yesterday to protest against an anti-smuggling operation that targeted some operators,…
NNPC Shifts $700M Gas Pipeline Delivery Date To August
June 24, 2024
NNPC Shifts $700M Gas Pipeline Delivery Date To August
The delivery date for the completion of the $700m Obiafu-Obrikom-Oben gas pipeline project, popularly called OB3, has been shifted from…
Otedola Buys ₦18.9bn Shares To Regain Position As Biggest Shareholder In FBN
June 21, 2024
Otedola Buys ₦18.9bn Shares To Regain Position As Biggest Shareholder In FBN
Femi Otedola, billionaire businessman and chairman of FBN Holdings, has regained his position as the majority shareholder of First Bank,…
Fuel Price Rises 223.21% To ₦769.62 Per Litre – NBS
June 20, 2024
Fuel Price Rises 223.21% To ₦769.62 Per Litre – NBS
The national average retail price paid by consumers for Premium Motor Spirit, PMS, otherwise known as petrol increased year-on-year, YoY,…
IPMAN: Dangote Could Crash Fuel Price To ₦515
June 20, 2024
IPMAN: Dangote Could Crash Fuel Price To ₦515
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has said that, when fully operational, Dangote refinery could crash the pump…