Airlines’ Trapped Funds: Pressure Mounts Despite CBN's $61m There’s a mounting pressure on the federal government to make significant releases to clear the foreign airlines’ trapped funds amidst their threat to exit Nigeria. This is despite the release of $61.4m by the Central Bank of Nigeria...

Seven Major Marketers Get Approval to Sell Dangote Fuel The seven major oil marketers in Nigeria have registered with the Dangote Petroleum Refinery for the lifting and distribution of refined petroleum products produced by the $20bn plant. Dealers under the aegis of the Major Oil Marketers...

Tinubu's Encouragement Made The Refinery Project Possible – Dangote Following the successful commencement of production of refined petroleum products by the Dangote Petroleum Refinery, the President of Dangote Group, Aliko Dangote, has expressed appreciation to President Bola Tinubu for his vision and support. According to the...

Why we are Moving Some Departments to Lagos - CBN Official The Central Bank of Nigeria (CBN) has said its plan to relocate some of its departments from its head office in Abuja to Lagos state is intended to decongest the CBN's head office and...

Finally, Dangote Refinery Comences Production Production at the Dangote Refinery and Petrochemical Company commenced on Friday. The refinery received the fifth crude oil shipment of one million barrels of Bonny Light supplied by the Nigerian National Petroleum Corporation Limited last week. The 650,000 barrels per day oil...

EFCC Vows to Revisit Matawalle’s N70bn Fraud Case The Chairman of the Economic and Financial Crimes Commission, Ola Olukoyede, has vowed to revisit the probe of the Minister of State for Defence, Bello Mattawalle, over alleged N70bn money laundering while he was the Zamfara State...