Business

Naira Appreciates Against Dollar in Official Market

The naira appreciated significantly at the official foreign exchange market. It strengthened to N1,531.20 against the dollar on Friday, from N1,548.59 on Thursday, gaining N17.39. On the black market, the…

August 14, 2025

Business

Dangote Refinery Begins Fuel Export To Saudi Arabia, Targets 550,000bpd Capacity

Dangote Petroleum Refinery has begun exporting fuel to Saudi Arabia, with two cargoes of jet fuel already sold. The refinery's output currently stands at 550,000 barrels per day (bpd), according…

August 14, 2025

Business

NNPC Debunks Fuel Importation Claims, Denies Quality Issues

NNPC has denied importing 200 million litres of petrol in February 2025, calling the claim "entirely false". NNPC's Group Chief Executive Officer, Kyari, stated that the company has not imported…

August 14, 2025

Business

Nigerians Reap Benefits Of CNG, Save Up To N36,000 Weekly

Nigerians have shared the benefits of using Compressed Natural Gas (CNG) as an alternative to petrol, citing significant cost savings. Some Abuja residents reported saving up to N36,000 weekly after…

August 14, 2025

Business

FG Moves to Pay N7.7trillion Fuel Subsidy Debts To NNPCL

The Nigerian government has confirmed plans to pay N7.74 trillion in fuel subsidy debts to the Nigerian National Petroleum Company Limited (NNPCL). The debt accumulated from June 2023 to September…

August 14, 2025

Business News

JUST IN: Reps Approves President Tinubu’s Tax Reform Bills

The House of Representatives has approved four tax reform bills transmitted by President Bola Ahmed Tinubu. The bills aim to reform Nigeria's tax system, including the establishment of a new…

August 14, 2025

Business

NNPCL Set to Sell Shares, Begins Preparation for Listing on Capital Market

The Nigerian National Petroleum Company Limited (NNPCL) is preparing to list its shares on the capital market. The company is engaging with prospective partners in an exercise tagged "NNPC Ltd.…

August 14, 2025