The Ghana National Petroleum Authority (NPA) says it is considering buying petroleum products from the Dangote Petroleum Refinery once the facility is operating at full capacity. According to Reuters, Mustapha Abdul-Hamid, chairman... Read more »

The Naira today depreciated to N1,740 per dollar in the parallel market from N1,739 per dollar on Thursday. However, the Naira appreciated to N1,601.2 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data... Read more »

Nigeria’s Highest Minimum Wages Monthly Abia State, Anambra State, Adamawa State, Delta State, Ebonyi State, Edo State and Kwara State have all approved the payment of the N70,000 monthly minimum wage. Read more »

The International Monetary Fund (IMF) says the naira, Nigeria’s local currency, is showing signs of stability due to interest rate hikes, The Cable reports. In its global financial stability report launched during... Read more »

Chief Executive Officer, CEO of MTN, Mr Carl Toriola has warned that the latest attempt to reintroduce the 5% excise tax on telecom services will put the final nail on the activities... Read more »

The federal government’s plan to reintroduce excise duty on telecommunication services will see consumers paying more for calls. The government is increasing the consumption tax on telecom services to 12.5 percent from... Read more »

Petroleum marketers have resumed importing petrol to supplement the country’s fuel supply, following the inability of the Dangote Refinery to meet demand. Four vessels carrying 123.4 million litres of Premium Motor Spirit... Read more »

The value of the naira depreciated at the unofficial market on Wednesday as it traded at 1,705/dollar, according to Bureau De Change operators in Lagos and Abuja. A BDC operator in Lagos,... Read more »

The World Bank said on Thursday that Nigeria must cut government waste and direct spending to targeted poverty programmes and stick to realistic budgets to avoid unplanned spending. This is contained in... Read more »