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 […]

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 […]

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 […]

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. […]

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 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 […]

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 […]

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 […]

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 […]