N100bn Debt: PETROAN Urges Members not to Shut Operations Amid Hardship  The Petroleum Retail Owners Association of Nigeria (PETROAN) has called on its members not to shut down their operations over the N100bn bridging debt owned them. PETROAN, in a press statement issued by its national...

Customs Seizes 2,433kg Cannabis, 195 Bottles of Codeine on Lagos Waterways The Nigeria Customs Service, Western Marine Command, says it intercepted 2,433 kg of cannabis sativa and 195 bottles of codeine syrups (300 ml each) along the inland waterways in the South Western part of...

Tax Reform Bills will Legislate Customs Service out of Existence - Adeniyi The comptroller general of the Nigeria Customs Service (NCS), Bashir Adeniyi, says the proposed tax reform bills are in jurisdictional conflict with the NCS and will legislate the agency out of existence. Adeniyi raised...

Again, Dangote Refinery Reduces Petrol Price to N860/litre  Dangote Petroleum Refinery has reduced the ex-depot price of premium motor spirit (petrol) for the second time in February, cutting it from N890 to N825 per litre. This N65 per litre reduction follows an earlier N60 per litre...

‎Naira Strengthens to N1,485/$1 Across Black, Official Markets ‎The naira appreciated against the dollar on Tuesday, February 25, 2025, trading at N1,485/$1 in both the official and black markets. ‎According to figures released by the Central Bank of Nigeria (CBN), the naira closed at N1,495/$1 at...

Naira Crude Sales Cut FX Risks, Boost Local Refineries, Says Tinubu The Federal Government said the introduction of the sale of crude oil in Naira was a strategic move to enhance the operational efficiency of local refineries by reducing foreign exchange risks and transaction costs. President...