Business News

The Nigerian National Petroleum Company Limited (NNPC) has reportedly stepped aside as the sole buyer of petrol from the Dangote Refinery. This means NNPC will no longer be the sole...

Nigeria has officially commenced the sale of crude oil and refined petroleum products in Naira.A statement from the Ministry of Finance yesterday said the Minister of Finance and Coordinating Minister...

The Lagos State Government on Thursday stated plans to ban the circulation of single-use plastics, and sachet water, among others from January 2025. Confirming the ban, at a stakeholders’ workshop...

Federal Government through the Minister of Power, Adebayo Adelabu yesterday said average cost of electricity may reduce as ongoing efforts to improve generation and distribution of power take firm root....

Nigerians might soon be faced with fuel scarcity as petroleum marketers sounded an alarm over a critical disruption in the supply of Premium Motor Spirit (PMS), also known as petrol,...

The Central Bank of Nigeria (CBN) has reduced the exchange rates for cargo clearance at the nation's seaports and airports. According to information on the official trade portal of the...

Libya continues to offer the cheapest petrol in Africa, with the price of octane-95 gasoline (petrol) standing at 0.15 Libyan Dinar per litre, equivalent to approximately $0.032 or N52 as...