The seven major oil marketers in Nigeria have registered with the Dangote Petroleum Refinery for the lifting and distribution of refined petroleum products produced by the $20bn plant. Dealers under the aegis of the Major Oil Marketers Association of Nigeria confirmed on Sunday…

The Dangote Petroleum Refinery, on Monday, announced its readiness to commence production of refined petroleum products as it received the 6th batch of one million barrels of crude oil required by the plant for its initial operations. “Dangote refinery appears set to commence…

Persistent insecurity, armed conflict, and deteriorating livelihoods will continue to affect local government areas in Borno, Kaduna, Katsina, Sokoto, Yobe, Zamfara states, and the far north of Adamawa State in Nigeria until May 2024, the World Bank has predicted. This is as it…

The Office of the Special Central Bank of Nigeria Investigator has rejected a request by the Chairman of Titan Trust Bank Limited, Babatunde Lemo, for rescheduling the December 28, 2023, meeting with investigators till January 7. The investigator warned that the failure of…

Added to the economic slowdown and cash crunch challenges that took the shine off the 2023 festive period, sluggish payment digital channels have compounded the woes of Yuletide. The challenge of cash crunch across the country has forced many bank customers to switch…

The Central Bank of Nigeria (CBN) on Thursday said the country’s inflation rate and the pressures on the exchange rate will reduce in the coming year.  While the country’s inflation rate jumped to 27.33% for November – the highest in 18 years, the apex…

Critical flaw in the implementation of the naira redesign policy is responsible for the prevailing cash scarcity, Central Bank of Nigeria (CBN) Governor Yemi Cardoso, said yesterday. Cardoso acknowledged the “glaring defects” in various CBN policies and announced a comprehensive review initiative. “We are…