Monopoly: Price Hike Drives Oil Marketers out of Fuel Imports - Kyari The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari, has defended the company’s current monopoly in fuel import, arguing that oil marketers withdrew from fuel importation due to...

W’Bank Knocks NNPCL, Says not Transparent on Subsidy Gains, Oil Revenues The World Bank has disclosed that the Nigeria National Petroleum Corporation Limited is not transparent about the financial gains from fuel subsidy removal. This extends to subsidy arrears that are still being deducted and the...

Hajj 2024: NAHCON Boss Receives Accommodation Report, Promises Improved Service Delivery The Ag. Chairman of the National Hajj Commission of Nigeria (NAHCON), Malam Jalal Ahmed Arabi, has said that prioritising and improving pilgrims' welfare and services will be the major task the Commission will pursue during...

Saudi Arabia to Host 2027 Arab Energy Conference By Zekeri Idakwo Saudi Arabia has been selected to host the 13th Arab Energy Conference in Riyadh in 2027, highlighting the country's important role in the regional and global energy sector. The decision was announced during the concluding statement...

Naira in Circulations Rises to N3.4trn as CBN Assures of Adequate Cash Supply   The Central Bank of Nigeria (CBN) has again assured members of the public that it is addressing the reported cases of cash scarcity in some major cities across the country. It attributed the...

Investors Gain N130bn Amid Moderation in Trade Volume Trading activities on the Nigerian Exchange Limited moderated on Tuesday even as the investors gained N130bn at the close of trading. Both the All-Share Index and the market capitalisation appreciated by 0.33 per cent to close at 71,907.26...