Petrol Near N1,400 As Dangote Defends Price Hikes
The Dangote Petroleum Refinery has defended its latest fuel price increases, attributing the upward adjustments to the cost of crude oil purchased earlier and the lengthy process involved in securing, shipping and delivering crude to the refinery.
Dangote Dumps Naira, Begins Petrol Sales In Dollars
Dangote Petroleum Refinery has fixed the ex-depot price of Premium Motor Spirit (petrol) at $0.779 per litre, unveiling a new pricing template that also raised the benchmark prices for diesel and aviation fuel following its transition to dollar-denominated transactions.
CBN Denies Disbursement Claims Of $1.259bn To oil sector operators
The Central Bank of Nigeria, CBN, has denied claims that it disbursed $1.259bn to oil sector operators, saying that the funds reflected in its records were market-driven transactions conducted by participants in the Nigerian Foreign Exchange Market.
China Raises Tariffs On US Goods To 125% In retaliation to US tariff increase
China has increased the tariffs on goods imported from the United States from 84 percent to 125 percent.
Airpeace Secures IATA Certification
A Nigerian airline, Air Peace, has secured International Air Transport Association Operational Safety Audit, IOSA, certification.
Nigerians To Pay 60% More For Calls, Data
The Minister of Communications and Digital Economy, Bosun Tijani, has said Nigerians will have to pay 30-60 percent more for calls, data, and other services in the telecommunications sector.
NMDPRA Denies Stopping Gas Supply to GenCos
The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, has denied issuing an order to stop gas supply to power generating companies, GenCos, due to a debt of N2trn.
Landing Cost Of Petrol Drops By 20.23 Percent In Nigeria
Nigeria’s landing cost of Petrol has reportedly dropped to N971 per litre.
No Deadline On Circulation Of Old N200, N500, N1000 Notes – CBN
The Central Bank of Nigeria has announced that there is no deadline on the circulation of old N200, N500 and N1000 bank notes.
CBN Directs Banks To Impose 0.5% Cybersecurity Levy on All transactions
The Central Bank of Nigeria, CBN, has directed 0. 5 percent Cybersecurity Levy deductions on electronic transfers.