Naira Gains by 0.16%, Exchanges N1,530.52/$ at Official Market
At the close of trading on Wednesday, the naira appreciated by 0.16 per cent to 1530.52/$ from 1532.93/$ in the previous trading session on the Nigerian Foreign Exchange Market, data from the Central Bank of Nigeria...
Dangote to Stop Fuel Supply to Nigerian Market as Naira-for-crude Deal Stalls
Dangote Refinery will stop loading petroleum products for Nigerian market as the renegotiation of the naira-for-crude deal is not recording significant progress, TheCable understands.
However, sources said the refinery will continue to load for...
450,000bpd Pipeline Explosion Threatens Crude Earnings - Report
Nigeria’s daily oil output might be affected following an explosion that rocked a section of the Trans Niger Pipeline in Bodo Community, Gokana Local Government Area of Rivers State.
The pipeline is owned by Renaissance Africa Energy Holdings....
FG Offers Bonds Valued at N300bn for Auctioning - DMO
The Debt Management Office (DMO) said yesterday it would reopen two federal government bonds for auctioning, valued at N300 billion, for subscriptions of N1,000 per unit.
The FGN savings bond offers are targeted at retail investors...
FG Procurement Projects Gulp N2.9tn in One Year - BPP
The Bureau of Public Procurement issued 395 ‘No Objection’ certificates to various Ministries, Departments, and Agencies in the 2023 fiscal year, approving projects worth over N2.94tn.
This was contained in the agency’s annual report, which detailed...
PETROAN Six-month Petrol Price Stability Proposal Unacceptable - IPMAN
The Independent Petroleum Marketers Association of Nigeria has rejected a proposal by the Petroleum Products Retail Outlet Owners Association of Nigeria that the downstream oil sector regulator should make it mandatory that fuel prices should be...
