CBN Central Bank Nigeria

CBN Sells $20,000 To BDCs At ₦1,590/$1

The Central Bank of Nigeria (CBN), on Wednesday, announced it has approved the sale of $20,000 to each eligible Bureau De Change (BDC) at the rate of N1,590 per dollar. A circular... Read more »
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Our Petrol 15% Cheaper Than One Imported By NNPCL – Aliko Dangote

The President and Chief Executive of Dangote Group, Alhaji Aliko Dangote, has revealed that the price of petrol produced by his 650,000 barrels per day refinery in Ibeju-Lekki, Lagos State, is about... Read more »
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Breaking: Dangote Petrol Now Available at N765.99 Per Litre

11plc, Total Energies, AA Rano, and other marketers have begun lifting Dangote Petrol through Nigerian National Company (NNPC) Trading Limited for N765.99 to retail outlets nationwide. Akelicious findings showed some petroleum marketers... Read more »
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Dangote officials, refiners tackle marketers over imported PMS

Domestic crude oil refiners and officials at the Dangote Petroleum Refinery have kicked against the commencement of the importation of Premium Motor Spirit, popularly called petrol, by major oil marketers in Nigeria.... Read more »
CBN

CBN reintroduces controversial cybercrime levy

The Central Bank of Nigeria (CBN) has announced that it will continue enforcing the controversial cybercrime levy at 0.005% on all electronic transactions under its new guidelines for the 2024-2025 fiscal year.... Read more »
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Major marketers begin lifting petrol from Dangote Refinery

The Nigerian National Petroleum Company Limited NNPCL) has authorised major petroleum marketers to commence lifting premium motor spirit, PMDS, otherwise known as petrol, from Dangote Petroleum Refinery under the existing agreement between... Read more »
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NNPC Announces Fuel Price Hike, Petrol to Sell Above ₦1,000/Litre

On Monday, NNPC announced that it would sell the petrol lifted from the Dangote refinery at a price above N1,000/litre in the far north. Its spokesperson, Olufemi Soneye, disclosed in a statement titled,... Read more »
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NNPCL announces N950.22 As Pump Price of Petrol From Dangote Refinery

Nigerian National Petroleum Company Limited (NNPCL) has officially released estimated Pump Prices of PMS from Dangote Refinery, Based on September 2024 Pricing. According to a statement signed by Olufemi Soneye, Chief Corporate... Read more »
Dangote Refinery NNPC

Dangote Refinery Debunks NNPCL’s Claim of N898 per Litre Fuel Price

Dangote Refinery has hit out at the Nigerian National Petroleum Company Limited (NNPCL) for claiming they bought fuel from them at N898 per litre. Our attention has been drawn to a statement... Read more »
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NNPC Releases Estimated Pump Prices of Petrol from Dangote Refinery

NNPC Ltd Releases Estimated Pump Prices of PMS from Dangote Refinery, Based on September 2024 Pricing The NNPC Ltd has released estimated prices of Premium Motor Spirit (PMS), also known as Petrol... Read more »
Trade Surplus in Q2 2024

Nigeria Records N6.95 Trillion Trade Surplus in Q2 2024

Nigeria recorded a trade surplus of N6.95 trillion in the second quarter of 2024, according to a report released by the National Bureau of Statistics (NBS) on Wednesday which shows a decline... Read more »
Petrol Marketers

Fuel Price, ROI Will Determine If We’ll Buy From NNPC Or Dangote Refinery – IPMAN

The Independent Petroleum Marketers Association of Nigeria (IPMAN) says the price of petrol will determine if it will buy from the Nigerian National Petroleum Company (NNPC) Limited or Dangote Petroleum Refinery. According... Read more »
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IPMAN Endorses Dangote’s PMS, Vows to Buy at Any Price

The Independent Petroleum Marketers Association of Nigeria announced on Saturday their willingness to purchase PMS from Dangote at any price, regardless of whether the NNPC decides to make a purchase or not... Read more »
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BREAKING: Federal Government Introduces N50 Electronic Money Transfer Levy

The Federal Government of Nigeria has introduced a new levy on electronic money transfers. Starting September 9th, 2024, a one-time fee of N50 will be applied to electronic transfers of N10,000 and... Read more »
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NNPC denies being sole distributor for Dangote refinery

The Nigerian National Petroleum Company (NNPC) Limited has denied reports that it intends to become Dangote refinery’s sole distributor. In a statement issued on Saturday, the NNPC addressed allegations by the Muslim... Read more »
CBN Bureau de Change

CBN Allocates $20,000 to Each Qualified BDC to Boost Forex Liquidity

The CBN has approved the allocation of $20,000.00 to each qualified Bureau de Change at an exchange rate of N1,580 per dollar This measure aims to address the demand for invisible transactions.... Read more »
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NNPC Ties Dangote Petrol Price To Forex Rate, Lifts Product From September 15

As Nigerians eagerly await the release of Premium Motor Spirit, popular known as petrol, from the $20bn Dangote Petroleum Refinery, the Nigerian National Petroleum Company Limited says it will lift the product... Read more »
NNPC DAngote

NNPC yet to lift our petrol — Dangote

The Dangote Group has refuted the claims in the media that the Nigeria National Petroleum Company Limited (NNPC Ltd) is currently lifting petrol from its refinery and selling at N897 per litre.... Read more »
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NNPCL set to supply fresh 17.8 million barrels of crude oil to Dangote Refinery

Vice President, Downstream at the Nigeria National Petroleum Company Limited (NNPCL), Mr Adedapo Segun, on Thursday, revealed that the Dangote Refinery between September and November will receive additional 17.8million barrels of crude... Read more »
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$6.96 Billion Current Account Surplus Coming In 12 Months – CBN

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 »