Business Scene
Dangote refinery slashes petrol price to N865
The Dangote refinery has announced a downward review of its ex-gantry loading cost of petrol to N865 per litre. The...
Dangote begins global export of refined petroleum products
The Dangote Petroleum Refinery has commenced the export of refined petroleum products to international markets across Africa, Europe, the Americas,...
Nigeria’s PMI rises to 52.3 in March 2025 – CBN
A report by the Central Bank of Nigeria (CBN) has shown that Nigeria’s private sector activity continued its upward trajectory...
FG, CIMEC sign $328.8 million contract to boost power supply
The Federal Government and China Machinery Engineering Corporation (CMEC) have signed a contract agreement worth $328.8 million aimed at improving...
Nigeria needs 40% growth to withstand U.S. tariff shock- Economist
An economist, Dr. Yemi Kale, says Nigeria requires 40 per cent annual growth rate to cushion the potential negative impact...
Nigeria records $6.83 billion balance of payments surplus in 2024 – CBN
The Central Bank of Nigeria (CBN) has said the country recorded a Balance of Payments (BOP) surplus of $6.83 billion...
Oil revenue under threat as oil price falls to $59 per barrel
Nigeria’s earning from oil is under threat as crude oil price has dropped to $59 for the first time since...
China slams 84% tariff on US imports
In a retaliatory move, China has announced an 84 per cent tariff on US imports, a development that is certain...
How suspension of naira-for-crude deal affected OPEC output – Report
A survey by Reuters has revealed that the decision of the Nigerian National Petroleum Company Limited (NNPCL) to suspend crude...
FG orders continuation of naira-for-crude deal
The Federal Executive Council has officially directed the full continuation and implementation of the suspended Naira-for-Crude agreement with local refiners....