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Category: Economy and Capital Markets
IPMAN, Dangote Refinery Reach Agreement on direct pertrol supply
The Independent Petroleum Marketers Association of Nigeria has secured an agreement with Dangote Refinery to lift products directly. IPMAN’s National President, Abubakar Garima, announced this at an ongoing press briefing…
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Oil Imports Drop by 35% in Q2, 2024 – CBN
Nigeria’s oil imports dropped by 35 per cent in the second quarter of 2024, amounting to $2.79bn, down from $4.31bn in the previous quarter. This is according to the quarterly…
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We’re selling fuel at N960 per litre for ships while N990 per litre for trucks. – Dangote
Dangote Refinery has disclosed the price of its petrol, revealing that it sells petrol at ₦960 per litre for ships and maintains a price of ₦990 per litre for trucks.…
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Naira strengthens by 7.43% to N1750 against dollar at the black market
The Nigerian naira depreciated to N1675.49 and N1750 against the dollar at the official and parallel foreign exchange markets respectively at the close of trading on Thursday, October 1. The…
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Stop importing petrol we Have Enough , Dangote to NNPC Limited, other marketers
Aliko Dangote, on Tuesday, urged petroleum marketers, including the Nigerian National Petroleum Company Limited, to source petrol directly from his refinery to meet local demands. Dangote confirmed the refinery’s readiness…
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Stop importation, we’ve enough fuel for local consumption Dangote to NNPCL
The Chairman of Dangote Group, Aliko Dangote, on Tuesday, urged petroleum marketers, including the Nigerian National Petroleum Company Limited, to source petrol directly from his refinery to meet local demands.…
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Microsoft Introduces AI Agents to Automate Business Processes
Technology giant, Microsoft has announced that starting in November 2024, businesses will be able to build and manage autonomous Artificial Intelligence agents to handle routine tasks. The new capabilities, available…
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Federal Govt Plans 5% Tax On Telecoms Services, Others
The President Bola Tinubu-led Federal Government has proposed a five per cent excise duty on telecommunications services, gaming, and betting activities as part of a new bill to overhaul Nigeria’s tax…
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Naira among worst performing currencies in Africa – World Bank
The naira has been listed among the worst-performing currencies in Sub-Saharan Africa in 2024. This is according to the latest edition of Africa’s Pulse, a new report by the World…
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NNPC Sells PMS To IPMAN At N995/Litre
The Nigerian National Petroleum Company Limited has agreed to sell Premium Motor Spirit (petrol) to members of the Independent Petroleum Marketers Association of Nigeria at N995 per litre. This followed…
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