NNPC Urged to Revive Refineries Following Dangote Snub
The National Publicity Secretary of the Independent Petroleum Marketers Association of Nigeria, Chinedu Ukadike, has tackled the Nigerian National Petroleum Company Limited over its attempt to increase its stake in the Dangote Petroleum Refinery despite the poor...
Stock Market Loses N170bn as Mid-Cap Selloff Deepens
The Nigerian equities market retreated on Thursday as a wave of mild profit-taking in several mid-cap stocks dampened the recent rally, resulting in a total loss of N170bn for investors. This downward movement saw the market capitalisation...
Oil Prices Ease as Shipping Resumes in Hormuz Strait
While the United States and Iran have yet to agree on terms to reopen the strategic Strait of Hormuz, about 30 Chinese ships reportedly transited the waterway on Wednesday.
The semi-official Fars news agency in Iran reported...
The African Development Bank (AfDB) has approved a $61 million financing package for the Development Bank of Nigeria (DBN) to expand credit access for women-owned businesses, especially in agriculture.
Nigeria is set to receive 164,000 metric tonnes of petroleum products as eight vessels berth at ports in Lagos, Delta, and Cross River States, according to the Daily Shipping Position.
The Central Bank of Nigeria (CBN) has signalled tougher oversight of lenders following the completion of the N4.65tn banking recapitalisation exercise, aimed at strengthening governance, risk controls, and board accountability.
