FEC orders NNPC to sell crude to Dangote, others in Naira President Bola Tinubu has directed the Nigerian National Petroleum Company Limited to sell crude to Dangote Refinery and other upcoming refineries in Naira. The Special Adviser to the President on Information and Publicity, Bayo Onanuga,...

Oil Sector Foreign Investments Dips by 0.5% Nigeria's foreign capital investments in the oil and gas sector has dropped from $720m in 2016 to $3.64m in the entire 2023, this is representing a 0.5 decrease in the industry. According to a report by the National Bureau...

Nigeria, USA Sign MoU to strengthen Commercial, Investment Ties The federal government of Nigeria, in partnership with the United States, has signed a Memorandum of Understanding (MoU) to strengthen commercial and investment ties between the two countries. The agreement was signed on the sidelines of...

Refinery Report: Our Diesel Best in Nigeria, Crashes Market Price to N1,000 per litre - Dangote The Dangote Refinery says its diesel lunch into the market from April 2024 slashed the market price from N1,600 to N1,000 per litre. Although the product presently goes for a...

Nigeria's Petroleum Imports from Malta Surge under Tinubu Administration A new report has indicated that Nigeria’s petroleum products import from Malta increased by 342 percent in 2023 to $2.08 billion. This surge coincides with President Bola Tinubu's inauguration and follows allegations by the Dangote Group...

CBN Sells $148m to Authorised Dealers to Strengthen FX Market The Central Bank of Nigeria (CBN) on Friday disclosed it sold a cumulative amount of 148 million dollars to authorised dealers in the Nigerian Foreign Exchange Market (NFEM). According to Mrs Hakama Sidi-Ali, acting Director, Corporate...