In specific terms, the Nigerian Autonomous Foreign Exchange Market (NAFEM) reported the Naira closing at N1,072.74/$1 on Wednesday. This marked a substantial appreciation of 6.6% or N75.40 compared to the previous day’s rate of...

The Nigerian Ports Authority (NPA) is set to receive a $700 million loan from Citibank, which is to be funded by the UK Export Finance (UKEF). The fund is meant to revamp the Apapa...

The Federal Government through its Ministry of Petroleum Resources and the Nigerian National Petroleum Company Limited have stated that the various claims by different individuals and groups on the alleged return of subsidy on...

Recent findings show that the prices of liquified natural gas (LPG), also known as cooking gas, are beginning to crash following the appreciation of the Nigerian currency, the Naira. Naija News recalls that in...

President Bola Ahmed Tinubu has lauded Dangote Oil and Gas Limited for slashing the wholesale cost of the Automotive Gas Oil (AGO), also known as diesel, from its refinery. Dangote Petroleum Refinery had on...

The Federal Government has vowed to take stringent regulatory measures against traders “unfairly inflating prices” of goods and commodities. The government, through its agency, the Federal Competition and Consumer Protection Commission (FCCPC), expressed worry...

Dangote Petroleum Refinery has announced a further reduction of the price of diesel from 1200 to 1,000 naira per litre. While rolling out the products, the refinery supplied at a substantially reduced price of...

The Federal Government has eventually complied with the demands of domestic crude oil refiners and other operators in the sector, as it declared on Monday that indigenous refineries can now buy crude oil in...

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), revealed yesterday that Nigeria’s crude oil reserves rose from the 36.96 billion barrels (bb) to 37.50bb within a year while the natural gas reserves also increased from...

The naira strengthened against major currencies on Monday the greenback saw an increased safe-haven demand, in the wake of an Iranian strike on Israel, putting it at more than five-month highs. Goldman Sachs projection...