The 125, 000 barrels per day Warri Refining & Petrochemicals Company (WRPC) in Warri, Delta State is now up and running. This was disclosed by the Group Chief Executive Officer of the... Read more »
As 2024 draws to a close, CDV Properties and Development Ltd has reflected on a successful year marked by significant achievements. In a statement, the real estate company expressed gratitude to its... Read more »
The federal government has unveiled its strategy to reduce inflation from the current 34 percent in 2024 to a targeted 15 percent by the end of 2025. This was disclosed by a... Read more »
The Nigerian National Petroleum Company (NNPC) Limited has reduced the price of Premium Motor Spirit (PMS), commonly known as petrol, across its retail outlets nationwide. The price of petrol at NNPC retail... Read more »
The naira appreciated against the dollar in both the official and parallel foreign exchange markets on Thursday. According to data from the Central Bank of Nigeria, CBN, the naira closed at N1,532... Read more »
The cost of importing petrol into Nigeria has decreased to N900.28 per litre, reflecting a reduction from last week’s N936.75 per litre. This marks a 3.62% drop as reported by energy marketers.... Read more »
The exchange rate between the naira and the dollar has fallen back to approximately N1,745/$1 on the parallel market, marking a sharp reversal from the sub-N1,600 levels recorded late last week. As... Read more »
OPay, your favorite financial app, has been awarded the prestigious IFIC Award for Financial Inclusion Innovation by the Central Bank of Nigeria (CBN)! This recognition highlights OPay’s commitment to providing secure, accessible,... Read more »
In a continuation of the Central Bank of Nigeria’s (CBN) increased scrutiny of fintech startups, two of the country’s most prominent unicorns, Moniepoint and OPay, were fined ₦1 billion each in the... Read more »
The naira strengthened to N1,600 per dollar at the parallel market on Friday, marking a 6.7% appreciation from N1,715/$ recorded on December 5. Bureau de change operators in Lagos quoted the dollar’s... Read more »
The Nigerian National Petroleum Company Limited (NNPC) has marked a significant milestone with the sale of its first cargo of low-sulfur straight-run fuel oil (LSSR) from the Port Harcourt Refinery. This initial... Read more »
Netflix has decided to abandon the Nigerian market as the country’s economy records further collapse with recent inflation data from the National Bureau of Statistics, Peoples Gazette can report. Officials at the... Read more »
The Nigeria National Petroleum Company Limited, NNPCL, says the Port Harcourt Refining Company, PHRC, has not yet begun bulk sales, stating that essential processes are still being finalized. The Chief Corporate Communications... Read more »
Chairman, Board of Trustees, Association of Distributors and Transporters of Petroleum Product (ADITOP) in the South South region, Dr Nya Asuquo, has pledged to do everything within the reach of their members... Read more »
The monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR), which benchmarks interest rates in the country to 27.50 percent — from 27.25... Read more »
The Kaduna State Internal Revenue Service (KADIRS) has sealed off five banks and other business premises over Land Use Charge debts of N1.7 billion. KADIRS also sealed the Hamdala Hotel for a... Read more »
In a significant move to further enhance availability of digital payment services to Nigerians, OPay has announced a strategic partnership with AfriGO Card powered by Afrigopay Financial Services Limited (AFSL), a subsidiary... Read more »
The Naira yesterday depreciated to N1,770 per dollar in the parallel market from N1,750 per dollar last weekend. Similarly, the Naira depreciated to N1,675.62 per dollar in the Nigerian Autonomous Foreign Exchange... Read more »
The Nigeria National Petroleum Corporation Limited, NNPCL, has filed a preliminary objection to challenge the suit that Dangote Petroleum Refinery and Petrochemicals FZE, filed to gain the sole right to supply petroleum... Read more »
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun has said that the initiative of President Bola Tinubu stopped the country from bleeding (referring to stoppage of imported fuel)... Read more »