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SEC Alerts Nigerians to Forsman & Bodenfors Fraudulent Activities

The Securities and Exchange Commission (SEC) has warned Nigerians about the activities of Forsman & Bodenfors Limited, also known as F&B.

Dangote Submits Plans for Mega Seaport Project

Aliko Dangote, president of the Dangote Group, says he plans to build the “biggest, deepest seaport in Nigeria”.

NMDPRA Regulatory Efforts Reduce Fuel Smuggling by 35%

The Depot and Petroleum Products Marketers Association of Nigeria (NMDPRA) says the Nigerian Midstream and Downstream Petroleum Regulatory Authority’s (NMDPRA) efforts to streamline licensing processes have attracted $1.2bn in modular refinery investments since 2022.

Naira Holds Firm Against Dollar Across Markets

Naira Holds Firm Against Dollar Across Markets ‎The Naira remained steady against the US dollar on Monday, July 14, strengthening in both the official and parallel markets. ‎In the black market, currency dealers in Abuja told Economic Confidential that the naira traded at ₦1,535/$1 for buying...

Nigeria’s Exports to US Plummet by $527m

The trade relationship between the United States and Nigeria has suffered a significant setback, as official data from the US Census Bureau and the Bureau of Economic Analysis show that US imports of Nigerian goods decreased by $527m.

Oil Marketers Back Potential Privatisation of Refineries

Oil marketers and industry stakeholders have thrown their weight behind the proposed sale of Nigeria’s refineries under the management of the Nigerian National Petroleum Company Limited.