Customs Impounds 67,000 Litres of PMS Worth N84m   Amid the fuel hike in fuel price in Nigeria, Operation Whirlwind of the Nigeria Customs Service (NCS) has intercepted 67,000 litres of Premium Motor Spirit (PMS) otherwise known as petrol, valued at...

Petrol Pump Price May Drop as Marketers Secure Agreement With Dangote   The Independent Petroleum Marketers Association of Nigeria (IPMAN) has secured an agreement with Dangote Petroleum Refinery to lift products directly. This, according to the association, will ensure the availability of...

Nigeria’s Oil Export Earnings Decline to $12.1bn   Nigeria’s crude oil export earnings slumped to $12.1 billion in Q2, 2024 as against $12.4 billion in the preceding Q1, reflecting the decline in domestic crude oil production to 1.27 million barrels per...

Report Reveals Naira May Weaken to N1,993/$1   The naira is forecasted to depreciate to N1,993 against the United States dollar by 2028, posing a significant challenge to Nigeria’s pharmaceutical industry, particularly in importing essential medical devices, a new report by...

Stock Market Records N83bn Gain on Positive Trading   The Nigerian Exchange Limited (NGX) closed in the green zone on Monday, with N83bn added to the wealth of investors. This marked the third consecutive positive trading session in a market that had...

Bilateral Trade Between Nigeria, China Now $15bn China’s imports from Nigeria increased by 36.1 per cent between January and September as bilateral trade between the two countries reached $15.1bn within the period, the acting Consul-General of China, Mr Jin Mingyu,...