
Pascal Oparada
5037 articles published since 29 Nov 2021
5037 articles published since 29 Nov 2021
Four depot owners have increased their prices following the increase in crude oil costs in the international market, as marketers plot against Dangote.
The move by the Nigerian government to secure a $5 billion oil-backed loan from Saudi Aramco is facing a major hurdle due to falling crude oil prices.
Diesel prices have spiked at the depots by over 10 per cent, with owners increasing the product's prices from N925 per litre to N1,050 and N1,025 respectively.
Depot owners have hiked petrol prices slightly due to increase in global crude oil prices, supply challenges and shutdowns across the country during the holiday.
The World Bank is set to slash Nigeria's loan request after key agencies, the FIRS and Customs, failed to meet key international auditing standards.
Key petroleum product marketers have engaged foreign suppliers to import petrol and sell at about N700 per litre, below the Dangote Refinery rate.
The Central Bank of Nigeria (CBN) has released a new foreign exchange rate to clear goods at Nigeria's ports following the naira's massive gain against the dollar.
The Nigerian economy experienced renewed investor confidence in May as foreign exchange inflow hit a six-month high of $5.6 billion, leading to the naira's gain.
The Centre for Economic Growth and Monetary Reforms (CEGMR) has commended the Central Bank of Nigeria (CBN) for boosting investors' confidence via its policies.
Pascal Oparada
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