NNPC Behind Naira Crisis – CBN
The Central Bank of Nigeria CBN says the non-remittance of dollars to foreign reserves by the Nigeria National Petroleum Corporation (NNPC) is responsible for the naira’s free fall in the…
NNPC Refusing to Supply Fuel to South East – IPMAN
The Independent Petroleum Marketers Association of Nigeria (IPMAN) says the prevailing shortage in the supply of Premium Motor Spirit (PMS) in the South-East may not end soon because of the…
NNPCL Reacts as Fire Guts Warri Refinery
There was mild commotion at the Warri Refining and Petrochemical Company (WRPC), after fire gutted a section of the facility on Friday. Daily Report Nigeria reports that the incident was…
Dollar to Naira Exchange Rate Today: Black Market Rate Hits N1610
The dollar to naira exchange rate at the black market, also known as the parallel market (Aboki fx), has hit N1610 to buy and N1615 to sell, according to sources…
NNPC Fails to Deliver on Crude Supply Deal, Says Dangote Refinery
The Dangote Refinery, Nigeria’s largest privately-owned refinery, has accused the Nigerian National Petroleum Corporation (NNPC) of failing to meet its agreed crude oil supply obligations under the crude-for-naira arrangement. In…