Finance & Economy - Page 92

IPMAN Seeks Dangote Refinery's Partnership For Direct Product Allocation, Eases Concerns Over Petrol Stability

IPMAN Allays Fears Of Petrol Price Increase, Urges Nigerians To Stop Panic Buying

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has said there is no plan to increase pump price of Premium Motor Spirit (PMS) popularly called petrol by its members, urging Nigerians to

Victor Ezeja

1 year ago

Naira Falls Against Dollar In Black Market As Demand Increases In FX Market

Business·Currency·Markets·News

Cadbury, Guinness, Nestle Hit By Naira Depreciation As Report Reveals N472.3bn Loss

In a revelation by Meristem, some major consumer goods companies in Nigeria such as Cadbury, Guinness Nigeria, and Nestle, suffered a combined loss of N472.3 billion due to the depreciation of the

Emmanuel Ochayi

1 year ago

Business·Currency

Naira Appreciates To N869/$1 As Experts Debate Stability

Naira demonstrated fortitude by appreciating to N869.13/$1, thereby, gaining further ground against the dollar at the official market on Friday, marking its second advance in the New Year.

Emmanuel Ochayi

1 year ago

Why No Plan To Withdraw Dormant Refining Licences – Nigerian Govt

Business·News·Oil & Gas

Port Harcourt Refinery Begins Operations After Test-run This Month – NNPCL

The Nigerian National Petroleum Company Limited (NNPCL) has confirmed that the test run on the 60,000-barrels-per-day (bpd) Port Harcourt refinery is on course and would be concluded this month. Femi Soneye, the

Victor Ezeja

1 year ago

News·Oil & Gas

Supreme Court Grants Hearing Of Shell’s Appeal In $878m Oil Spill Case

Nigeria’s Supreme Court has ruled in favour of Shell Petroleum Development Company of Nigeria Ltd. (SPDC Nig), granting it a hearing on the alleged oil spill case in the Niger Delta.

Emmanuel Ochayi

1 year ago

FEATURES·Oil & Gas

Major Events That Shaped Nigeria’s Oil & Gas Sector In 2023 And Looking Ahead 2024

Nigeria’s oil and gas industry experienced ups and downs as the government adopted key policy decisions that had far-reaching impacts on the economy.

Victor Ezeja

1 year ago

Finance & Economy·News

Debt Relief: Obasanjo Warns of Dire Consequences As Mismanagement Threatens Future Relief For African Nations

Former President Olusegun Obasanjo’s remarks sounded a cautionary alarm, highlighting the mismanagement of Nigeria’s debt relief received during his tenure. Speaking at an event organized by Pastor Chris Oyakhilome’s Future Africa Leaders

Emmanuel Ochayi

1 year ago

Christmas: Nigerians Slash Budget For Rice, Other Items As Costs Hit Harder

Agro-Economy·Business

Local Rice Prices Skyrocket By 73.2% Despite Govt Support, Farmers Dispute Inflation Figures

The price of locally produced rice in Nigeria has surged by a 73.2% in just one year, despite efforts by the Central Bank of Nigeria to bolster the rice value chain. This

Emmanuel Ochayi

1 year ago

NNPC, Oil Marketers Disagree Over Fuel Subsidy Regime Contract

Business·Oil & Gas

How Fuel Subsidy Removal Forced Many Marketers Out Of Business – IPMAN

IPMAN voiced its concern over the crippling effects of President Bola Tinubu's removal of fuel subsidies, highlighting the immense financial strain on their members.

Emmanuel Ochayi

1 year ago

Naira vs Dollar: What To Expect This Week

Business·Currency

Naira Falls To N1,035/$1, As Depreciation Persists

The Nigerian Naira encountered a steep fall, culminating in a close at N1,035.12 per dollar in the official market on January 3, 2024, indicating a 4.72% decline from the previous closure. The

Emmanuel Ochayi

1 year ago

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Finance & Economy - Page 92

IPMAN Allays Fears Of Petrol Price Increase, Urges Nigerians To Stop Panic Buying

Cadbury, Guinness, Nestle Hit By Naira Depreciation As Report Reveals N472.3bn Loss

Naira Appreciates To N869/$1 As Experts Debate Stability

Port Harcourt Refinery Begins Operations After Test-run This Month – NNPCL

Supreme Court Grants Hearing Of Shell’s Appeal In $878m Oil Spill Case

Major Events That Shaped Nigeria’s Oil & Gas Sector In 2023 And Looking Ahead 2024

Debt Relief: Obasanjo Warns of Dire Consequences As Mismanagement Threatens Future Relief For African Nations

Local Rice Prices Skyrocket By 73.2% Despite Govt Support, Farmers Dispute Inflation Figures

How Fuel Subsidy Removal Forced Many Marketers Out Of Business – IPMAN

Naira Falls To N1,035/$1, As Depreciation Persists

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