The Executive Secretary of the Depot and Petroleum Products Marketers Association of Nigeria, Olufemi Adewole has condemned the sale of crude oil in naira.

Naira-for-Crude: Marketers Fear Price Increase as FG Suspends Sale to Dangote Following the Dangote Petroleum Refinery’s suspension of the sale of petroleum products in naira, some filling stations have started stockpiling Premium Motor Spirit, otherwise known as petrol. The retailers are storing the product to ensure...

Stakeholders to FG: Create Policies to Attract Agric Investments   Stakeholders in the agricultural sector have called for urgent policy reforms, increased investments, and technological innovations to strengthen the country’s food system. With food insecurity affecting millions of Nigerians, the agricultural experts, policymakers, and development partners convened...

Petrol Imports Surge to 154m Litres Weekly Amid Naira-for-Crude Crisis   Seven vessels carrying imported Premium Motor Spirit, popularly called petrol, are expected to berth at seaports along the nation’s borders between Monday, March 17, and Sunday, March 23. According to a document obtained from the Nigerian...

Market Capitalization Drops to N65.8trn on NGX   The Nigerian Exchange Limited (NGX) recorded a decline in market capitalisation at the close of trading on Thursday, as the All-Share Index dropped marginally by 0.05 per cent. The total market capitalisation fell to N65.8tn, reflecting a weaker investor...

FG Panel Reconvenes Monday to Address Naira-for-crude Crisis     The huge allocation of crude oil by the Nigerian National Petroleum Company Limited (NNPCL) to its foreign creditors is a big challenge to the supply of the commodity to domestic refiners including the Dangote Petroleum Refinery. Insiders familiar...