NIGERIA’S GOVERNMENT FORMS INTER-MINISTERIAL COMMITTEE TO ENSURE SUFFICIENT GAS SUPPLY

The federal government has formed an Inter-Ministerial Committee from the Ministry of Power and Gas to propose long-term solutions for ensuring a consistent and...

WARRI REFINERY TO BE COMPLETED FIRST QUARTER OF 2024

The mechanical completion of the Warri Refining and Petrochemical Company (WRPC) is expected to be completed in the first quarter of this year, according...

NIGERIAN NAIRA DROPS TO N882.24/$1, RESULTS IN $56.60 MILLION FOREX TURNOVER

On Wednesday, January 24, 2024, the Nigerian naira slightly declined versus the US dollar in both the official and black markets, resulting in a...

DANGOTE REFINERY TO SUPPLY FUEL TO 150,000 IPMAN STATIONS

The Dangote Petroleum Refinery will deliver fuel to around 150,000 retail outlets managed by the Independent Petroleum Marketers Association of Nigeria (IPMAN), following a...

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...

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