Petrol scarcity looms as tanker drivers launch protest, vow to dump NUPENG
The Petroleum Tanker Drivers (PTD) have launched a nationwide protest and threatened to severe ties with their parent union, the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) if…
FG to cancel refinery licences not in use – Petroleum minister
Dr Heineken Lokpobiri, minister of state for petroleum resources (oil) said the licences of refineries not in use will be cancelled. He was speaking in Bayelsa at the weekend following…
NNPC set to allocate six million barrels of crude oil to Dangote Refinery
The Nigerian National Petroleum Company (NNPC) Limited is expected to allocate six million barrels of crude oil to Dangote Refinery in December 2023. The move by the national company is…
Naira to trade at ₦850 per dollar by next month – JP Morgan
Financial services powerhouse based in the United States, JP Morgan has on Wednesday projected that by December 2023, the value of the naira would be stand at N850/$ at the…
Tinubu increases Nigeria’s foreign debt to $51bn after seeking fresh $7.8bn, €100m loans
Nigeria’s foreign debt will increase further to about $51 billion, after President Bola Tinubu made two requests to the Senate, seeking approval to borrow additional $7.8 billion and €100million, as…
Rehabilitation: Kaduna refinery ready by end of 2024 – Petroleum minister
The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has revealed that the ongoing quick-fix project at the Kaduna Refinery and Petrochemicals Company Limited, KRPC, will be back…
Stakeholders lament as Lagos cracks down on environmental offences at markets
Industry watchers have described the closure of Alaba International Market as a wake-up call for other markets and public places in Lagos state to ensure that they adhere to proper…
X set to charge new, unverified users $1 annual subscription fee
X, formerly known as Twitter, has announced a new programme requiring new and unverified users to pay a $1 annual subscription fee to sign up. This was contained in a…
Why CBN lifted forex ban on 43 items
The Central Bank of Nigeria (CBN) has removed 43 items from the list of goods prohibited from accessing forex in the official market. The new list, which was released on…
Sanwo-Olu orders demolition of three major markets in Lagos Island
Governor Babajide Sanwo-Olu of Lagos State, has announced plans to demolish Jankara, Bombata and Pelewura markets so as to allow for urban regeneration of the area. Sanwo-Olu made this known…
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