Business News

The Nigerian downstream oil sector is currently witnessing a significant price competition between the Nigerian National Petroleum Company Limited (NNPCL) and Dangote Refinery, leading to substantial challenges for independent oil...

The World Bank is considering the approval of $1.13 billion in loans for Nigeria before the end of March 2025, aimed at bolstering economic resilience, enhancing health security, and reforming...

The Dangote Refinery has recently received additional crude oil shipments from the Nigerian National Petroleum Company Limited (NNPCL). This development follows a meeting of the Technical Sub-Committee on the Naira-for-Crude...

Yesterday, the Naira fell to N1,585 per dollar on the parallel market, down from N1,565 on Tuesday. Similarly, the Naira fell to N1,546 per dollar on the Nigerian Foreign Exchange...

The Naira fell to N1,570 per dollar in the parallel market on Friday, down from N1,545 per dollar the previous weekend. However, the Naira rose to N1,528 per dollar on...

In the parallel market, the naira fell to N1,585 per dollar Wednesday, down from N1,565 on Tuesday. Similarly, the Naira fell to N1,546 per dollar on the Nigerian Foreign Exchange...

Nigeria's oil and gas sector has attracted approximately $17 billion in foreign investments in 2024, according to the Nigerian National Petroleum Company Limited (NNPCL). This surge in investment is attributed...

Following a recent reduction in petrol prices, Dangote Refinery is projected to incur a loss of approximately ₦32.5 billion. Prior to the price cut, the refinery held a stock of...

The Naira rose to N1,565 per dollar in the parallel market Wednesday, up from N1,570 on Monday. However, the Naira dropped to N1,537 per dollar on the Nigerian Foreign Exchange...

Bitcoin's price has experienced a notable decline, falling below $77,000 amid escalating concerns over a potential U.S. recession. This downturn aligns with broader market sell-offs, particularly in technology stocks, as...