Category: featured

Marketers suspend fuel imports, await FG’s promise on refineries

Oil traders have postponed their intentions to import Premium Motor Spirit, more commonly known as...

Why CBN’s currency swap hit $12bn despite low reserves

Fitch Ratings has reported that the Central Bank of Nigeria’s currency swaps with local banks will...

FG loses N335m to oil spillage – Report

          Data from the National Oil Spill Detection and Response Agency...

Forex turnover records N22tn in seven months on FMDQ

    The foreign exchange turnover on the FMDQ reached a total of N22.98tn ($44bn)...

FG to submit 2024 budget in October

The Ministry of Budget and Economic Planning has stated that the 2024 budget will be...

NIMC promises improvement in NIN registration

The National Identity Management Commission’s acting director general and CEO, Abisoye Coker-Odusote, promised a smooth registration...

FG failing to meet refineries’ crude oil demands – Operators

The Federal Government is not supplying the amount of crude oil needed for the modular...

Brent crude sells above $88/barrel, highest since Jan

Brent crude oil was trading at a phenomenal price of more than $88 per barrel...

BUA plans to reduce cement prices

          The Chairman of BUA Cement Plc, AbdulSamad Rabiu, expressed confidence...

NOSDRA proposes N19bn fine for gas flaring by oil companies

The National Oil Spill Detection and Response Agency has stated that oil companies that fail...

National grid goes 400 days without collapse

The Transmission Company of Nigeria stated that the Nigerian power grid has been stable for 400...

Health ministry to raise sugar tax to 20%

    The Federal Ministry of Health has demonstrated its dedication to augmenting the tax...