DOLLAR HOARDING CAUSED NAIRA DEPRECIATION – ABCON

Bureau De Change operators have expressed concern that since the value of the naira has depreciated, some Nigerians are holding their money in US...

ETERNA PLC SECURES EXCLUSIVE DISTRIBUTORSHIP DEAL WITH DANGOTE REFINERY

Eterna Plc has officially become Nigeria's exclusive domestic sales distributor of Dangote Petroleum Refinery products. The announcement, detailed in a corporate disclosure signed by...

OIL MARKETERS TO COLLABORATE WITH DANGOTE REFINERY FOR NATIONWIDE FUEL DISTRIBUTION

The Major Oil Marketers Association of Nigeria (MOMAN), comprising seven critical players in the oil industry, has successfully engaged with the Dangote Petroleum Refinery...

NIGERIA GOVERNMENT TARGETS N35 BILLION FOR AJAOKUTA LIGHT STEEL MILL THROUGH LOCAL FINANCING

The Federal Government of Nigeria aims to generate approximately N35 billion by leveraging the local financial market to repair Ajaokuta Light Steel Mill. Mr....

ECONOMIC DOWNTURN IN SUB-SAHARAN AFRICA’S LARGEST ECONOMIES TO CONSTRAIN CONTINENT’S GROWTH IN 2024 – WORLD BANK

The World Bank has highlighted the limitations posed by economic weaknesses in Sub-Saharan Africa's largest economies - Nigeria, South Africa, and Angola in its...

DANGOTE REFINERY NEARS TEST RUN AS IT WELCOMES SIXTH 1 MILLION BARREL CRUDE CARGO

Dangote Refinery is on the brink of initiating its test runs this week, marking a significant milestone with the arrival of its sixth 1...

SHELL EXPECTS HIGHER Q4 EARNINGS FROM GAS TRADING

Shell Plc has indicated that it foresees a surge in earnings from gas trading in the fourth quarter of 2023. This positive trajectory is...

NIGERIA GOVERNMENT EARMARKS 40,000 HECTARES OF LAND FOR WHEAT PRODUCTION, LOOKS FOR EXPORT POTENTIAL

The Federal Government Agricultural Policies, including but not limited to the recently earmarked 40,000 hectares of land in Jigawa State, has been tipped as...

DECEMBER CRUDE OIL PRODUCTION OF OPEC AVERAGES 28.05 MBPD

In December, the Organization of Petroleum Exporting Countries (OPEC) produced an average of 28.05 million barrels per day (mbpd), sticking to production restraints established...

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