The Independent Petroleum Marketers Association of Nigeria (IPMAN) has said the Nigerian National Petroleum Company Limited (NNPCL) had to shut down the Port Harcourt Refining Company to save its face.

The Securities and Exchange Commission (SEC) says listed companies declared dividends totalling N1.1 trillion to shareholders in 2024, and N1 trillion of that amount has already been paid.

The World Bank has revealed that Nigeria was only able to attract foreign direct investment (FDI) valued at less than one per cent of the country’s gross domestic product (GDP) in 2014.

The Nigerian National Petroleum Company Limited (NNPC Ltd) has shutdown the Port Harcourt Refining Company (PHRC) for planned maintenance which commenced on 24 May 2025.

The Federal Ministry of Industry, Trade and Investment, in collaboration with the United Nations Development Programme and Uganda Airlines, has officially launched the Nigeria–East/Southern Africa Air Cargo Corridor—a transformative export initiative under the African Continental Free Trade Area framework.

This was disclosed by the Central Bank of Nigeria (CBN) in its International Payments Data published on its website on Sunday.