The Nigerian National Petroleum Company (NNPC) Limited has introduced the Utapate crude oil blend, a new crude oil grade, into the international market.According to a statement on Monday by Femi Soneye, NNPC’s... Read more »

The United States of America, Spain, France, South Korea, Angola, Togo, Guinea, Belgium, Israel, and Singapore, have been listed as the top 10 importers of petroleum products from Nigeria’s $20 billion Dangote... Read more »

The Central Bank of Nigeria (CBN) has again raised the Monetary Policy Rate (MPR), which measures interest rates by 50 basis points, from 26.25% to 26.75% amid soaring inflation and skyrocketing food... Read more »

The prices of major staple foods in Nigeria such as beans, yam, potato, plantain and tomato have risen by over 250% in the last one year.This is according to the latest Food... Read more »

For the fifteenth consecutive year, Zenith Bank Plc has retained its position as the Number One Bank in Nigeria by Tier-1 Capital in the 2024 Top 1000 World Banks’ Rankings, published by... Read more »

Rising landing costs for petrol are set to send the Nigerian National Petroleum Company (NNPC) ‘secret’ subsidy bill rocketing, threatening to exacerbate the already precarious economic situation of Africa’s largest oil producer,... Read more »

The landing cost of Premium Motor Spirit, also known as petrol, was N1,117/litre as of Tuesday, July 16, 2024, the Major Energies Marketers Association of Nigeria announced on Wednesday. MEMAN disclosed this... Read more »

Zenith Bank Plc, Nigeria’s leading financial institution, held its Capital Markets Day last week to showcase the bank’s inherent values as it embarks on its recapitalisation journey. The event, which brought together... Read more »

The National Bureau of Statistics (NBS) has released the latest inflation figures, revealing that the headline inflation rate in Nigeria increased to 34.19% in June 2024. This marks a 0.24 percentage point... Read more »