Business News

The Federal Government of Nigeria has been encouraged by the Independent Petroleum Marketers Association of Nigeria (IPMAN) to privatise the country's refineries to improve their performance and efficiency. Abubakar Shettima,...

The Nigerian National Petroleum Company Limited (NNPCL) has raised petrol prices to ₦960 per litre in Lagos and ₦990 in Abuja. The Dangote Petroleum Refinery recently increased its ex-depot pricing...

The number of Bank Verification Number (BVN) enrolments in the country has increased by 1.33 million, or 2.1 percent, to 64.8 million this month from 63.47 million at the end...

The hearing of Dangote Petroleum Refinery and Petrochemicals FZE's ₦100 billion case against several oil marketers was postponed until January 30 by the Federal High Court in Abuja on January...

Bitcoin reached a new high above $109,000 on Monday as Donald Trump, who has hinted at plans to de-regulate the cryptocurrency sector, prepares to be inaugurated in as US president....

The Naira yesterday declined to N1,670 per dollar in the parallel market from N1,660 per dollar on Tuesday. Similarly, the Naira dropped to N1,550 per dollar in the official foreign...

Queues at filling stations have returned in major cities like Lagos, Abuja, and Port Harcourt as a result of recent rises in fuel prices throughout Nigeria. Many stations have closed as...

Dangote Refinery has raised the price of Premium Motor Spirit (PMS), also known as petrol, blaming higher global crude oil costs. In a statement issued Friday, the refinery revealed that...

The Dangote Petroleum Refinery in Lekki, Nigeria, is working harder to buy more crude oil to meet its output goals. By June 2025, the refinery, currently producing 500,000 barrels per...

The Organisation of Petroleum Exporting Countries, or OPEC, has stated that the Dangote Refinery is hurting European markets since Nigerian imports of petroleum products have plummeted. OPEC reported on Wednesday...