Zainab Iwayemi
1659 articles published since 07 Jul 2023
1659 articles published since 07 Jul 2023
In addition to Dangote Refinery, there are several refineries in Nigeria, the largest oil producer in Africa, which are vital to the country's oil and gas sector.
The Central Bank has revealed that banks operating in the country have refunded about N7.05bn and $714,569.03 to customers following its intervention.
The federal government has formally handed over the Kashimbila Dam to KP Hydro Limited, the private corporation owned by former Defense Minister Theophilus Danjuma.
The CBN is in charge of managing inactive accounts and unclaimed funds; a management committee will oversee the process, which will be run by a special office.
On October 14, 2024, the Nigerian naira hit a new record low, closing at N1,700 per dollar on the parallel market, according to data from BDC operators.
The Group CEO of the NNPC said fuel traffickers in neighboring countries made about N17 million per truck by taking advantage of the subsidy system.
Lack of pipelines and the logistics component of pump prices have been identified as the main causes of the high cost of premium motor spirit (PMS) in the country.
Thanks to Axxela Limited and NGML, a 5 kilometer natural gas pipeline network connecting Eko Atlantic City, Lagos, has opened on Victoria Island.
Today, Babajide Sanwo-Olu, the governor of Lagos, officially opens the Red Line train for business. The line will carry roughly 500,000 Lagosians every day.
Zainab Iwayemi
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