Dangote Industries Ltd.'s 650,000 bpd refinery, the largest in Africa, is set to rely solely on Nigerian crude oil by the end of 2025, potentially replacing hundreds of thousands of barrels of imported crude daily.
Naira Holds Firm Against Dollar in Official, Black Market
The Nigerian Naira remained steady against the US dollar on Wednesday, July 9, in both the official and parallel markets.
In the black market, currency dealers in Abuja told Economic Confidential that the naira exchanged at ₦1,540/$1...
FG Demands Proof of Local Content Remittance from Oil Firms
The Federal Government has directed upstream oil and gas operators to secure compliance certificates confirming their one per cent remittance to the Nigerian Content Development Fund.
The Nigerian Content Development and Monitoring Board, an agency of...
Nigeria-BRICS Trade Hits N5.4tn in Q1 2025 Amid U.S. Tariff Threat
Nigeria’s trade with BRICS countries jumped to N5.41tn in the first quarter of 2025, more than three times higher than the N1.54tn recorded from exports to the United States.
This was according to an analysis...
FG, Partners Launch $32.8bn Electricity Devt Plan
The Federal Government has reiterated its commitment to setting the power sector on the path of sustainability and bankability by prioritising the different reforms being undertaken in the industry. This, it said, is critical to the economic growth...
US Reduces Visa Validity to Three-month for Nigerians
The US government has announced that most Nigerians applying for non-immigrant visas will now only get single-entry three-month visas.
The US Mission in Nigeria said this was to reciprocate Nigeria’s visa policy for Americans.
“Effective today, most non-immigrant &...
