Nigeria’s Current Account position is projected to record a higher surplus of $6.96 billion this year, a macroeconomic report by the Central Bank of Nigeria (CBN) research department has shown. The current... Read more »

Nigeria and China will strengthen ties through a new nuclear energy partnership, a government spokesperson said on Tuesday. At the 2024 Summit of the Forum on China-Africa Cooperation (FOCAC) in Beijing, both... Read more »

The Dangote Petroleum Refinery has said that its Premium Motor Spirit, popularly called petrol, will be exported if the Nigerian National Petroleum Company Limited and other petroleum dealers in the country refuse... Read more »

Statistics released by the Central Bank of Nigeria (CBN) have revealed that Nigeria’s Letter of Credit payments dropped by 57 per cent in the first seven months of 2024. According to the... Read more »

The Dangote Petroleum Refinery is ready to begin selling Premium Motor Spirit, also known as fuel. This comes just a few days after the 650,000-capacity refinery conducted a test run of the... Read more »

There are indications of an imminent hike in the price of petrol as the Nigerian National Petroleum Company Limited (NNPCL) has admitted financial strain. Government officials have in the past two weeks... Read more »

The Nigerian National Petroleum Corporation (NNPC) has finally admitted that the debts owed international oil traders as a major factor in the ongoing fuel scarcity across the country. In a statement released... Read more »

The Nigeria National Petroleum Corporation (NNPC) Limited has announced the commencement of Liquefied Natural Gas (LNG) exports to the Asian markets of China and Japan. The spokesperson of the national oil company,... Read more »

The Minister of Aviation and Aerospace Development, Festus Keyamo, has expressed disappointment over the state of the country’s aviation sector. He stated that Murtala Muhammed Airport, Lagos appeared like FAAN’s only viable... Read more »