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Article 'CBN: Dangote Refinery to Lower Transportation Costs and Food Inflation'- Wakanda
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IPMAN highlights a N15 billion debt owed by NNPCL, impacting petroleum supply to marketers. Calls for direct sourcing from Dangote Refinery aim to alleviate pressure amid ongoing fuel shortages across Nigeria.
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has raised alarm...
![[VIDEO] Zenith Bank Customers Protest Over Ongoing Service Failures](/data/attachments/209/209040-ad7f7d6c7a7d813fdf1ac47dc8dd4499.jpg?hash=AddZGjQXES)
Zenith Bank faces widespread customer backlash as ongoing technical issues lead to failed transactions and uncredited funds. Customers fill branches nationwide, demanding resolutions. Frustration mounts on social media, with many threatening to sever ties with the bank amid ongoing service...
Fuel prices in Nigeria have surged to N1,030 per litre at NNPC outlets in Abuja, following the termination of an exclusive purchase agreement with Dangote Refinery. This shift allows other marketers to negotiate prices directly, sparking frustration among motorists amid ongoing economic...
Aliko Dangote emphasized Nigeria's potential as a refining hub at a recent summit, urging the government to enhance crude oil production and manage supplies. He highlighted the nation's capacity to transition from a net importer to a net exporter of petroleum products, aiming to reduce reliance...
![Today's Naira Rate[09-10-2024]: Black Market Dollar Hits New High of N1,680 Against Naira](/data/attachments/209/209013-03a01f2a5d372098353f6d0b323f3995.jpg?hash=PERHMQHP25)
As of October 9, 2024, the black market exchange rate for the US dollar has risen to N1,680 against the Nigerian naira. This significant disparity from the official Central Bank of Nigeria rate highlights ongoing economic challenges, including foreign currency shortages and market volatility...
![[VIDEO]: Festus Keyamo Reveals Nigeria's Monthly Airport Electricity Cost Exceeds ₦1 Billion](/data/attachments/209/209000-7d794e9a799b2f048e5552625dd1d789.jpg?hash=bfqQPEnCXe)
Nigeria
[VIDEO]: Festus Keyamo Reveals Nigeria's Monthly Airport Electricity Cost Exceeds ₦1 Billion
Festus Keyamo, Nigeria's Minister of Aviation, announced that the government spends ₦1 billion monthly on electricity for major airports. He highlighted plans to switch to solar energy and urged airlines to purchase Jet A1 fuel from Dangote Refinery to reduce costs and mitigate oil price...
The Nigerian Communications Commission (NCC) retracted its statement about Starlink's subscription price hike, claiming it was issued in error. Initially, the NCC had stated that Starlink announced price changes without regulatory approval but later clarified that the announcement was premature...
The Nigerian Communications Commission (NCC) has stated that Starlink did not receive approval for its recent subscription price increase to N75,000. The NCC plans to enforce regulations against the satellite internet service provider, highlighting the importance of compliance in Nigeria’s...
The Dangote Refinery faces backlash from oil marketers over its refusal to allow direct petrol lifting. Leaders from IPMAN and PETROAN express frustration at the lack of communication, which could impact petrol prices that currently range from N950 to N1,200 per liter amid recent market changes...
The Nigerian National Petroleum Company Limited (NNPC) ended its exclusive purchasing agreement with Dangote Refinery, allowing other fuel marketers to buy petrol directly. This move aims to enhance market competition, improve supply chain stability, and provide consumers with better pricing...
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