Industry

The Dangote Refinery Dangote Petroleum Refinery has adjusted its ex-depot petrol price upward to ₦880 per litre, an increase of ₦55 from the previous rate of ₦828. The new pricing was confirmed by petroleumprice.ng, a daily product…
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The National President of the National Palm Produce Association of Nigeria (NPPAN), Alphonsus Inyang, has said Nigeria can generate wealth beyond oil from tree crops if the Federal Government adopts the right policy approach and…
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File photo to illustrate story Private downstream oil marketing companies are now supplying nearly 20 million litres of petrol daily across Nigeria without financial backing from the Federal Government. This is according to leaders…
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Chief Corporate Communications Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd), Mr. Olufemi Soneye, has officially stepped down from his role, ending a 20-month tenure marked by what many have described as a…
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Flows of foreign direct investments into Nigeria and other developing economies, a key propellant of economic growth and higher living standards, have dwindled to the lowest level since 2005 amid rising trade and investment barriers, a…
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Crude oil prices were set for another weekly gain today, the third in a row, as Israel and Iran continued to bomb each other with no sign of willingness on either side to switch to diplomacy. At the time of writing, Brent…
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Dr Zacch Adedeji, the Executive Chairman of the Federal Inland Revenue Service (FIRS). ...The weekend extension applies nationwide, from Lagos to Kwara and beyond In a rare move hailed as a model for responsive public service, the…
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Peter Obi, the presidential candidate, has condemned what he called the “institutionalised betrayal” of Nigerians following revelations by the Senate that ₦210 trillion in funds linked to the Nigerian National Petroleum Company (NNPC)…
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The Vanguard for Probity and Accountability has accused the board of the Nigerian National Petroleum Company Limited (NNPCL) of extravagance amid ongoing financial controversies. In a statement issued in Port Harcourt on Thursday,…
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The Central Bank of Nigeria (CBN) has continued to take steps that ensure higher reserves accretion, stable naira and elevated dollar liquidity. The ongoing oil prices rally over Israel-Iran war portends a combination of risks and…
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