Pinnacle Oil and Gas FZE firmly denies any association with alleged Maltese cargo, emphasising compliance with Nigerian regulations on product quality and safety. Managing director/CEO, Bob Dickerman in a statement said. “In a recent publicati ...

Minister of finance and coordinating minister of the Nigerian economy, Wale Edun has said the government would begin the sale of crude oil to Dangote and other local refineries in Naira from October 1 2024. The minister gave the remarks on Mon ...

Shareholders of Transnational Corporation (Transcorp) Plc, along with its listed subsidiaries, Transcorp Hotels Plc and Transcorp Power Plc received N16.339 billion interim dividends. These Companies for the first time in their history paid sh ...

Says 221,000bpd crude oil pledged for debt financing The Nigerian National Petroleum Company (NNPC) Limited has declared a net profit of N3.297 trillion at the close of the financial year which ended in December 2023. This indicated an incr ...

Accugas has invested an additional $45 million in a new compression system at the Uquo facility that will allow the company to continue to provide reliable gas supplies to customers for years to come. The system comprises two parallel trains w ...

The Centre for the Promotion of Private Enterprise (CPPE), has urged the federal government to peg the exchange rate for computing Customs import duty at the nation’s seaports to N1,000/$1 as it fuelling diversion of cargoes to neighbouring seapo ...

Federal government is set to auction Series 1 of its first ever domestic dollar bond worth $500 million on Monday. This is as the Debt Management Office will be issuing three tranches of FGN bonds worth N190 billion on Monday. The bond, unv ...

The reintroduction of the Retail Dutch Auction System (RDAS) is meant to alleviate the persistent demand pressure in the FX market and to enhance the process of price discovery, BUKOLA ARO-LAMBO writes. In managing the unrelenting liquidity pr ...

Nigeria’s headline inflation has eased for the first time in 19 months in July to 33.4 per cent. The National Bureau of Statistics (NBS) reported a decline in Nigeria’s headline inflation rate, which dropped to 33.40 per cent in July 2024. Thi ...

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has stated that the $500 million domestic FGN US dollar bond will enhance external reserves and help stabilise the foreign exchange situation in the country. He state ...