NMDPRA, Oil Producers Disagree on Petroleum Levy Collection
Oil producers and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) on Monday expressed diverse opinions over who should collect the 0.5 per cent wholesale price levy imposed on petroleum products...
Senate Threatens Non-performing Agencies Over 2025 Budget
The Senate, through its Finance Committee, has issued a stern warning to government agencies, threatening zero allocation in the 2025 budget for those failing to appear before it to account for funds allocated...
Loans to Government Now N42trn – CBN
Data from the Central Bank of Nigeria (CBN) has shown that credit to the public has expanded at a faster rate than credit to the private sector in the past year.
According to the...
Nigeria Generates N73trn From Oil Export Amid Govt Borrowing
Nigeria’s total crude oil export revenues hit N73 trillion in the 21 months spanning January 2023 to September 2024, data from the National Bureau of Statistics (NBS) for the period has...
Stock Market Reverses Gain With N63bn Loss
The Nigerian equity market ended the first trading day of the week on a downward note, reversing recent gains with an N63bn loss.
At the close of trading on Monday, the Nigerian Stock Exchange...
NNPC Announces 90% Completion of Port Harcourt Refinery Plant
The Nigerian National Petroleum Company Limited (NNPCL) has confirmed that the ongoing repair of the new 150,000 barrels per day Port Harcourt Refining Company has reached over 90 per cent completion...
