Tomato paste manufacturers tackle CBN over FX policy

The Union of Tomato Paste Manufacturers in Nigeria has raised alarm over the danger of the…

OPEC oil output to drop in January – IEA

Steeper cuts in OPEC oil production are likely this month as producers increasingly implement a recent…

30 ships laden with petroleum products, food items to arrive Lagos

Thirty ships laden with petroleum products, food items and other goods are expected to arrive Apapa…

Buhari reappoints Erediauwa as NDIC director, seeks Senate approval

President Muhammadu Buhari has written to the Senate, seeking the confirmation of his reappointment of  Aghatise…

Subsidy Fraud: Court picks January 26 for hearing on oil magnates’ applications

Justice Lateefat Okunnu of the Lagos High Court, Ikeja, on Wednesday fixed January 26 for hearing…

Senate approves MTEF, raises oil benchmark to $44.5

The Senate on Wednesday finally approved the revised version of the 2017-2019 Medium Term Expenditure Framework…

NUPENG urges lasting solution to delay in loading petroleum products at Apapa depot

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) on Wednesday, urged the Federal Government…

Crude oil theft: Shell goes to trial in March

A Federal High Court in Lagos will on March 20 begin trial in a suit filed…

CBN sells forex to BDCs

The Central Bank of Nigeria (CBN) started auctioning $250m to 3147  registered Bureau De Change nationwide…

NAMA backs FG on vehicle importation ban

The Nigeria Automotive Manufacturers Association (NAMA) has expressed  support for the Federal Government’s ban on importation…

Petroleum marketers: FG owes us N660bn subsidy arrears

The Depot and Petroleum Products Marketers Association (DAPPMA) on Wednesday appealed to the Federal Government to…

Nigeria’s external reserves hit $27.2bn-CBN

Nigeria’s foreign exchange (forex) reserves have increased to $27.223 billion as at January 16, 2017, according…