Nigeria’s foreign exchange (FX) reserves rose by $621.2 million in 10 days following the successful sale of a domestic dollar bond. The gross FX reserves increased from $36.24 billion on September 2, 2024, to $36.87 billion by September 12, 2024. This is according to the latest data on the reserves […]
Business
300 Trucks In Dangote Refinery To Lift Petrol On Sunday – NNPC
The Nigerian National Petroleum Company (NNPC) Limited on Saturday said about 300 trucks have arrived at the Dangote Refinery ahead of the loading of petrol. DAILY POST had reported that NNPC announced that the first batch of petrol would be loaded from Dangote Refinery on Sunday. The company’s Chief Corporate […]
Akomolafe Henrich Banks ₦150M Farm Demolished After Backing Lagos Demolitions
https://www.youtube.com/watch?v=-MF9Yd3K8BE?si=xgsuJOjBPP0MG3TQ Abuja Entrepreneur Loses N150m Poultry Farm to Demolition Months After Supporting Lagos Demolitions Akomolafe Henrich Banks, an entrepreneur based in Abuja, has lost his N150 million poultry farm due to a demolition carried out by the Federal Capital Development Authority (FCDA). The demolition occurred on Sunday, approximately four months after […]
FG, Dangote Reach Agreement On Petrol Supply, Lifting Begins Tomorrow –
The Federal Government on Friday disclosed that the supply of petrol from Dangote Refinery will commence on tomorrow after both parties reached an agreement on pricing and supply. NNPC will remain as the sole off-taker of petrol from the refinery with other marketers getting the product from the national oil company. […]
NNPC Demands Office Space For Its Staff At Dangote Refinery
The Nigerian National Petroleum Corporation, NNPC, Limited has asked for office space for about 10 of its staff at Dangote Refinery as part of their crude supply deal. According to Devakumar V. G. Edwin, Vice President, Oil & Gas, of Dangote Group, NNPC made the demand since they will be […]
Fuel Price Hike: Ebonyi Government Seals 3 Petrol Stations
Fuel price hike: Ebonyi Govt seals 3 petrol stations Petrol price hike has worsened our operations — MAN [quote]Ebonyi State Government has sealed three filling stations within the Abakaliki metropolis in the State. The petrol stations were sealed following their alleged involvement in sharp practices, and meter adjustments among other […]
Locations Of Government Petrol To CNG Conversion Centres In Lagos This Weekend
Oluwaseun Osiyemi is the Lagos State commissioner for transportation. Oluwaseun Osiyemi @seunosiyemi_ Lagosians, make una no miss *’OPERATION FIRST COME, FIRST SERVE’* dis na opportunity to convert your car/muto to CNG fueling. Na Federal government project wey go save you money on fuel and helep the environment. Check the graphic […]
Naira Depreciates To N1,655/$ In Parallel Market
The Naira yesterday depreciated to N1,655 per dollar in the parallel market from N1,645 per dollar traded on Wednesday. Similarly, the Naira yesterday depreciated to N1,649.76 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,649.76 per […]
Dangote Refinery Begins Polypropylene Production In October, Saving $268m Forex
The Dangote Refinery is set to begin polypropylene production by the end of October 2024, effectively curbing Nigeria’s imports of the product which is a crucial raw material in various industries, including packaging, textiles, and automotive parts. Chairman of Dangote Group, Aliko Dangote, announced that as the refinery edges closer to full […]
UAE Visa Only Available To Nigerians From 45 Years With N16 Million Monthly
UAE visa only available to Nigerians from 45 years with N16 million monthly closing bank balance While noting that the foreign government was accepting visa applications from Nigerian nationals, UAE attached a list of stringent rules that must be followed. The United Arab Emirates (UAE) authorities have mandated that Nigerian […]