PETROAN Criticizes Dangote Refinery’s For Selling petrol at N990
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has condemned the Dangote Petroleum Refinery for selling petrol at
CBN Denies December 2024 Deadline for Old Naira Notes
In 2022, Nigeria’s Central Bank, led by then-Governor Godwin Emefiele, sparked controversy by announcing plans to redesign the N200, N500,
Naira Depreciates by 43% Amid Inflation Surge and Dollar Demand
As of August 2024, the Nigerian naira has depreciated by 43%, positioning it among the worst-performing currencies in Sub-Saharan Africa,
IPMAN Set to Finalize Fuel Lifting Deal with Dangote Refinery
The Independent Petroleum Marketers Association of Nigeria (IPMAN) is preparing for discussions with Dangote Petroleum Refinery to finalize an agreement
Discos’ Revenue Collection Efficiency Rises to 79.31% in Q2 2024
The Nigerian electricity distribution companies (Discos) achieved a revenue collection efficiency of 79.31% in the second quarter of 2024, according
Naira Depreciates to N1,635.15 in Autonomous Foreign Exchange Market
The Naira has depreciated further to N1,635.15 per dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM), reflecting a N3.94
Federal High Court Stops VIO from Confiscating Vehicles and Imposing Fines
Justice Evelyn Maha of the Federal High Court in Abuja has ruled that the Directorate of Road Traffic Services (commonly
FG Introduces New Tax Reliefs for Oil and Gas Sector
The Federal Government has announced new tax reliefs aimed at boosting investments in Nigeria’s deep offshore oil and gas production.
Nigeria Secures $1.57 Billion World Bank Loans to Boost Healthcare And Education
Nigeria has obtained three new loans from the World Bank totaling $1.57 billion to improve healthcare, education, and climate resilience.
Nigeria’s Forex Market Surges to N15.74tn as Naira Faces Continued Depreciation
The value of foreign exchange turnover in Nigeria’s Autonomous Foreign Exchange Market surged to N15.74tn ($9.90bn) in August 2024, according