Dangote Unveils Petrol Price, Pledges to End Fuel Scarcity Within 48 Hours   Aliko Dangote, owner of the Lagos-based Dangote Refinery, announced on Tuesday that petrol produced at his 650,000 barrels per day facility will hit the market within 48 hours, pending finalization of modalities with...

NNPC Hikes Fuel Price to N897 Per Litre   The Nigerian National Petroleum Company Limited (NNPC) on Tuesday raised the pump price of petrol to N897 per litre from the official price of N617. This is coming days after the national oil company said it was heavily...

Saudi Arabia has announced its lineup of headline speakers for the Global AI Summit 2024, hosted by the Saudi Data & Artificial Intelligence Authority (SDAIA). 

At Last, Dangote Refinery Commences Production of PMS   After over a year of its launch in May 2023, Dangote Refinery, on Tuesday, rolled out its first Premium Motor Spirit (PMS), also known as petrol, from its 650,000 barrels per day facility. At a press conference, owner...

Renewed Naira Depreciation Begins As Market Turnover Drops By 25% There are indications that another round of Naira depreciation has set in following renewed demand pressure amidst widening supply gap. The Naira yesterday depreciated to N1,635 per dollar in the parallel market from N1,625 per dollar...

'Pharma Companies Cut Profit To Reduce Drug Prices' Drug manufacturer, May & Baker Nigeria Plc has said pharmaceutical companies in Nigeria cut their profits to help reduce high drug prices. May & Baker CEO, Patrick Ajah, said the company increased prices only about three times since...