Pascal Oparada
7048 articles published since 29 Nov 2021
7048 articles published since 29 Nov 2021
The Nigerian government has threatened to revoke the licenses of oil wells that have remained unused, saying that the country is losing about $30bn and oil output
The Dangote refinery has released a statement and video showing oil marketers lifting diesel at the facility as marketers demand a price crash from N1,250/ litre.
Cooking gas price is crashing from a high of N1,500 per kilogramme it sold a few weeks ago to N1,100 following the appreciation of the naira against the dollar.
The Nigerian government has said that crude oil producers in the country must prioritize local refineries before exporting the product to other countries.
The National Bureau of Statistics revealed that Nigeria's headline inflation for March 2024 was 30.7%, with food inflation in Kogi and other states on the high side.
The naira continued its gain against the US dollar in all markets on Monday, April 15, 2024, selling at N1,100 per dollar in the parallel market and N1,136 at FMDQ.
Libya overtook Nigeria as Africa's biggest oil-producing country for the month of March, with Nigeria coming second with 1.23mbpd of crude oil daily.
Nigeria is one of the 10 African countries affected severely affected by high food inflation, as a United Nations report says it is caused by weak currencies.
The Association of Bureau de Change Operators of Nigeria (ABCON) has thrown its weight behind CBN's policy that prevents banks from using FX as collateral.
Pascal Oparada
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