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CBN Reacts to Naira Devaluation
Business

CBN Denies Introducing N5,000, N10,000 Banknotes

CBN has denied introducing new N5,000 and N10,000 notes, labeling the reports as false. The reports had claimed that the CBN was set...

Naira to Dollar Rate Today | Daily Report Nigeria
Business

Naira Appreciates Against Dollar at Official Market After Eid el-Fitr Holidays

The naira has continued to appreciate against the dollar at the official foreign exchange market. According to the Central Bank of Nigeria’s data,...

Naira to Dollar Rate Today | Daily Report Nigeria
Business

Nigeria’s Net Foreign Exchange Reserve Hits $23.11 Billion

Nigeria’s Net Foreign Exchange Reserve (NFER) has increased to $23.11 billion, the highest level in over three years. Nigeria’s Net Foreign Exchange Reserve...

Tinubu Sacks Mele Kyari as NNPC CEO, Names Replacement | Daily Report Nigeria
Business

Tinubu Sacks Mele Kyari as NNPC CEO, Names Replacement

President Bola Tinubu has removed Mele Kyari as the Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company (NNPC) Limited. President...

"Stop Misleading Public Against Lokpobiri', Group Cautions Nangi
Business

FG Threatens to Revoke Dormant Oil Blocks Licenses

The Minister of State for Petroleum Resources, Heineken Lokpobiri, has threatened to revoke licenses of dormant oil blocks. Lokpobiri stated that the government...

NNPCL to Hand Over Nigerian Refineries to Private Firms
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...

Marketers Project Fuel Price at N900 Per Litre
Business

Naira-for-Crude Suspension: Petrol Price Hike Looms as Talks Drag, Imports Rise

The price of Premium Motor Spirit (petrol) may rise further due to the increase in the landing cost of imported PMS. Also the...

PETROAN Lauds NMDPRA Over Gas Distribution Licences
Business

PETROAN Commends FG, NNPCL for Successful Revamp of Port Harcourt Refinery

PETROAN has commended the Nigerian government and the NNPCL for successfully running the revamped Port Harcourt Refinery for 180 consecutive days. The refinery,...