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 »