How NNPC covers petrol cost amid forex crisis — Officials
Officials say between N20 and N25 is paid per by the national oil company.
Nigeria to establish new oil, gas free zone in Delta
The Authority is working on establishing three more in Ibaka, Ibeno and Ikot Abasi in Akwa Ibom state.
Osinbajo, governors appoint six board members for NSIA as agency gets fresh $250 million
The agency says it will invest in social Infrastructure such as affordable housing and specialist hospitals.
As consultations continue, Nigeria records 58 per cent decrease in pipeline vandalism in Niger Delta
The NNPC also reported a 13.4 per cent rise in oil and gas sales in December 2016 over sales in November 2016.
CBN directs banks to file forex returns in dollars
The CBN was alleged to have sold naira at ridiculous rates of N18, N25, N100 to the dollar.
Kano, Oyo, Abuja residents paid highest for cooking gas in January
The average price of cooking gas went up across Nigeria.
Price of kerosene in Nigeria rose by 87.12 % in January – NBS
Sokoto buyers paid the highest for the product.
How Arik Airline accumulated huge non-performing loans –AMCON
The asset corporation defends its decision to take over Arik
NSE All-Share Index, Market Capitalisation increase
Forte Oil led the gainers’ table for the day, appreciating by N5.80 to close at N62.50 per share.
Abuja, Bayelsa, Borno, pay highest prices for diesel in January
Nigerians also paid more per litre of petrol in January than December.
Nigeria’s inflation rate increases, hits 18.72 per cent
Food index increased by 17.82 per cent (year-on-year) in January, up by 0.43 per cent points from rate recorded in December.
Less than one per cent of Naira notes are fake – CBN
“Twenty percent of currency circulating in Nigeria is fake,” a former CBN official had said.
Head of Nigeria’s Oil, Gas Free Zones Authority wants agency’s establishment law amended
Attempt to amend the laws has come at the right time when government is focused on diversifying the economy.
OPEC members produce less oil than production limit in January
“OPEC’s 13 members pumped 32.1 million barrels per day (bpd) in January.”
Forcados trunkline attack responsible for Nigeria’s gas supply shortage – NPDC
The pulverization of the Forcados trunk line by militants in 2016 gravely impacted gas production.
Arik Air was ‘huge mess’, very poorly managed – AMCON
The airline does not have money to procure aviation fuel for its nine operational aircraft.
Dana Airline grants 50 per cent discount on govt flight tickets
To reduce the cost, the Efficiency Unit sought discounts from airlines operating in Nigeria.