A further drop in crude oil prices and the reintroduction of the “naira-for-crude” initiative for domestic refiners could see the price of Premium Motor Spirit (petrol)...
The Dangote Petroleum Refinery has once again lowered the ex-gantry cost of premium motor spirit (PMS), commonly referred to as petrol, to N835 per litre. Sources...
Twenty-two days after pausing sales of petroleum products in naira, the Dangote Refinery has restarted the supply of refined products to its partners and marketers using...
Crude oil prices have fallen to $59 for the first time since February 2021. Brent crude, the global benchmark, declined by 5.09 percent to $59.62 per...
The federal government has confirmed that the “naira-for-crude oil deal” will proceed beyond the conclusion of its initial phase on March 31. This announcement followed a...
The United States Trade Representative (USTR) has criticized Nigeria’s ban on the importation of 25 items, stating that the measure restricts market access for American exporters....
The newly introduced 14% tariff on Nigerian exports by US President Donald Trump poses a major threat to the $10 billion annual trade between Nigeria and...