Dollar supply drops as Naira depreciates on Thursday
The supply of Dollar and other currencies dropped at the foreign exchange market as the Naira exchange rate depreciated on…
Category: Business
Auto Added by WPeMatico
Refiners kick as Marketers dump Dangote Refinery for imported petrol
Crude Oil Refiners Association of Nigeria has kicked against a move by petroleum marketers to import Premium Motor Spirit (Petrol)…
Nigeria Agricultural Quarantine Service announces initiative to boost NSW project
The Nigeria Agricultural Quarantine Service has announced that its Certification Value Chain, ECVC for 30 agricultural commodities is designed to…
Business leaders to discuss Nigeria’s service sector challenges at 2024 EAH Service Excellence Conference
With limited exposure to global standards, subpar customer service culture and inadequate regulatory support, the 2024 EAH Service Excellence Conference…
Naira to dollar exchange rate records slight depreciation on Thursday
The Naira slightly depreciated against the dollar at the close of trading at the foreign exchange market on Thursday. FMDQ…
Inflation: CBN announces date for 297th MPC meeting
The Central Bank of Nigeria has fixed September 23 and 24, 2024, for its 297th Monetary Policy Committee meeting. The…
Nigerian government moves for stable power supply
The Minister of Power, Mr Adebayo Adelabu has reiterated the Federal Government’s resolve to ensure grid stability for effective delivery…
Naira appreciates massively against Dollar
The Naira appreciated massively against the dollar at the foreign exchange market on Wednesday, 24 hours after depreciation. FMDQ data…
CBN appoints new board of directors for Keystone Bank
The Central Bank of Nigeria has announced the reconstituted board of directors for a Nigerian commercial bank, Keystone Bank. This…
CBN reveals three dangers to Nigeria’s External Reserves
The Central Bank of Nigeria has revealed that lower crude oil earnings, fuel subsidy removal, lower import bills and increased…
Capital market crucial to Nigeria’s trillion-dollar economy target — Shettima
Vice President Kashim Shettima has underscored the crucial role the Nigerian capital market must play in the realisation of the…
CBN maintains FG’s Ways and Means loan at 5%
The Central Bank of Nigeria said it will maintain its Ways and Means advances to the federal government at a…
NNPC frustrating Dangote Refinery with recent Fuel Price Hikes – Muda Yusuf
The Executive Director of the Centre for the Promotion of Private Enterprise, Muda Yusuf, has said that the Nigerian National…
Reverse fuel price hike now – CPPE tells NNPC
The Centre for the Promotion of Private Enterprise (CPPE) has called on the Nigerian National Petroleum Company Limited (NNPCL) to…
Why Nigeria’s inflation dropped in August – CPPE, Oyedokun
The Centre for the Promotion of Private Enterprise (CPPE) and financial analyst Prof. Godwin Oyedokun have explained that Nigeria’s inflation…
Nigerian government to tap from $7trn global Halal market
The Federal Government has evolved a strategy to tap into the seven trillion dollars of burgeoning global Halal market products…
Fuel price: NNPC, Dangote Refinery ‘biblical Cain’ – Shehu Sani
Amid the war of words on the pricing template for petrol, former lawmaker Senator Shehu Sani said most Nigerians had…
Yams, potatoes price reduction push Nigeria’s food inflation to 37.52% decrease
The reduction in the prices of Yam, Irish Potatoes, Vegetable oil and others have pushed Nigeria’s food inflation to a…
BREAKING: We have documents – NNPCL insists it bought Dangote Refinery petrol at N898 per litre
The Nigerian National Petroleum Company Limited says it stands by its earlier disclosure that Dangote Refinery Petrol is sold to…
‘Don’t mislead Nigerians’ – Dangote denies selling fuel to NNPCL at N898/litre
Dangote Refinery has hit out at the Nigerian National Petroleum Company Limited (NNPCL) for claiming they bought fuel from them…
Dangote sold fuel to us at N898 per litre – NNPCL
The Nigerian National Petroleum Company Limited (NNPCL) has revealed that Dangote Refinery sold fuel to them at N898 per litre.…
Dangote Refinery Petrol: ‘Kudos to Tinubu for making this reality’- Otedola
Nigeria’s billionaire businessman, Femi Otedola, has reacted as Dangote Refinery started loading its petrol into trucks on Sunday. DAILY POST…
Dangote Refinery Petrol: Marketers give update on price per liter
Ahead of today, (Sunday), commencement of the first Premium Motor Spirit (Petrol) distribution by Dangote Refinery, oil marketers have expressed…
Nigerian banks lost N42.6bn to fraud in three months – FITC
Nigerian commercial banks lost a total of N42.6 billion to fraud and forgeries over the three months from April to…
Electricity tariff hike: SMEs workers stage protest in Kano
Workers of small scale enterprises, SMEs, in Nasarawa LGA of Kano State have staged a demonstration against electricity tariff hike,…
NGX closes week with N248bn gain
The Nigerian Exchange Limited, NGX market capitalization ended the week on a bearish note with a N248 billion gain. This…
Four things to know as Dangote Refinery starts Petrol distribution on Sunday
Ahead of the commencement of Premium Motor Spirit (Petrol) distribution from Dangote Refinery on Sunday, 15th September, 2024, DAILY POST…
Naira appreciation: Nigeria’s external reserves surge to $36.881bn – CBN
Nigeria’s external reserves have increased to $36.881 billion as of September 11, 2024, from $36.305bn on August 30. This is…
Dollar-to-Naira exchange rate records N46 gain in last seven days
The Naira recorded a N46.91 gain against the dollar at the official foreign exchange market on a week-on-week basis. FMDQ…
Naira appreciates massively against dollar, ends week on good note
The Naira appreciated massively against the dollar at the foreign exchange market to end the week on a good note.…
We’ll defeat all odds to exceed $30bn revenue by 2025- Aliko Dangote
The President of the Dangote Group, Aliko Dangote has said the firm will surpass multiple barriers to exceed $30 billion…
Dangote Refinery playing emotional blackmail, Nigerians swallowing it – Financial expert
Financial analyst, Tosin Adeoti has accused Aliko Dangote, the Group Chairman of Dangote Refinery, of playing emotional blackmail. The statement…
NNPCL gives update on Dangote Refinery petrol price, purchase
The Nigerian National Petroleum Company Limited has revealed that it is negotiating purchase of Premium Motor Spirit (petrol) with Dangote…
Petrol: Marketers to meet Dangote Refinery over price, purchase
The Independent Petroleum Marketers Association of Nigeria has revealed that it plans to meet with Dangote Refinery over its petrol…
CNPP raises concerns over frequent revenue leakages
The Conference of Nigeria Political Parties (CNPP) has raised the alarm over persistent revenue leakages in the country. The alarm,…
N6.95 trillion trade surplus record shows Nigeria’s economy doing well – Presidency
President Bola Tinubu has expressed confidence in the reforms introduced by his administration, stating that they will create a more…
CBN directs payment service providers to route all PoS transactions through authorised PTSA
The Central Bank of Nigeria has mandated all Payment Service Providers to route all transactions from point-of-sale terminals at merchant…
We’ll be forced to export 97% of our petrol – Dangote Refinery warns
Dangote Refinery has said that it will be forced to export 95-97 percent of its Premium Motor Spirit (petrol) because…
We’ll be forced to export 97% of our petrol – Dangote Refinery warns
Dangote Refinery has said that it will be forced to export 95-97 percent of its Premium Motor Spirit (petrol) because…
Importers are refusing to buy from us – Dangote Refinery
Dangote Refinery has revealed that most of its crude oil are imported from as far as Brazil. The company also…
NNPCL reveals how security operatives destroyed 134 illegal refineries in 7 days
The Nigerian National Petroleum Company Limited, NNPCL, has explained how security operatives uncovered and destroyed 134 illegal refineries in the…
NBS reveals Nigeria’s top five exports destinations
The National Bureau of Statistics has said that Spain, the United States of America, France, India and The Netherlands are…
Crude oil accounts for 74.98% of Nigeria’s exports in Q2 2024 – NBS
Crude oil exports accounted for 74.98 percent of Nigeria’s total export value in the second quarter of 2024. The National…
Nigeria’s top five import destinations revealed
The National Bureau of Statistics has revealed Nigeria’s top five import destinations in the second quarter of 2024. According to…
NUPRC denies approving Shell’s $1.3 billion asset sale to Renaissance
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has denied a report that it has granted Shell International’s bid to sell…
Adamawa proposes N268.8bn for 2025
The Adamawa State Government has proposed the sum of N268.8 billion for expenditures in the 2025 fiscal year. The State…
Nigerian Govt seeks stakeholders’ support to curb price fixing, unethical practices
The Federal Competition and Consumers Protection Commission, FCCPC, has urged stakeholders in the production and distribution value chain of the…
Nigeria’s trade surplus rises to N6.95 trillion in Q2 2024 as imports drop
Nigeria recorded a trade surplus of N6.95 trillion in the second quarter of 2024 in the face of increased exports.…
Protection of National assets: Airforce Chief visits operators of Kainji Hydropower plant
Nigeria’s Chief of Air Staff, Air Marshal Sani Hassan, recently visited the country’s electricity Generation company, Mainstream Energy Solutions Limited,…
NNPCL N2.1trn dividend, N2.6trn tax will ease govt’s financial burden – Analyst
The Chief Executive Officer of Cowry Assets Management Limited and financial analyst, Johnson Chukwu, has said that the dividend and…