Category: blog

Dangote Petroleum Refinery Crashes Diesel and Aviation Fuel Prices to N940 and N980, Respectively

Dangote Petroleum Refinery has, again, announced a further reduction in the prices of both diesel and aviation fuel to N940, N980 per litre respectively.     This is coming in…

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Naira tumbles to N1,234/$ at official market, speculators resume hoarding

The naira depreciated in its value against the United States dollar to N1,234 at the official foreign exchange market on Monday, according to data obtained from the FMDQ securities exchange.…

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Nigerian Breweries : Consumers no longer able to afford beer

Nigerian Breweries has vowed to remain consumer focused despite the economic headwinds which saw the brewery giant recording some upsets in its financials in the year end results. Speaking during…

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More Relief As Dangote crashes Diesel price to N1,000 per litre

The Dangote Petroleum Refinery has announced a reduction in the price of Automotive Gas Oil, popularly called diesel, from N1,200/litre to N1,000/litre. It announced this in a statement issued on…

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Excitement As Nigeria’s Naira Sustains Rally at parallel market

The Nigerian naira has strengthened further across the foreign exchange (forex) markets amid expectations that the national currency will continue to gain weight in the period ahead. At the Nigerian…

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How We Grew Our Pre-Tax Profit To N609.3b – GTCO

Guaranty Trust Holding Company (GTCO) Plc grew pre-tax profit by 184.5 per cent to N609.3 billion in 2023. Key extracts of the audited report and accounts of GTCO for the…

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NBS Report: Naira Crash Pushes Raw Material Imports To N3trn

Imports of raw materials into the country rose by 25 per cent to N3tn in 2023 and this is according to the Foreign Trade Statistics data published by the National…

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Naira sells below 1,280/$ at official, parallel markets

The naira began the new month on a bullish note, appreciating to N1,278.58 against the United States dollar from N1,309.39 per dollar recorded last week Thursday. This indicates an increase…

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Dangote Refinery : 150,000 fuel retail outlets Nationwide Receive their fuel supply

The $20bn worth Dangote Petroleum Refinery has commenced the sale of Automotive Gas Oil, popularly called diesel, to oil marketers nationwide.   Dealers and officials of the plant confirmed this…

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Economists : Why Price Of Food Won’t Drop Immediately Despite Naira Appreciation

Economists have stated that it will take some time for Nigerians to feel the impact of the current strengthening of the naira against the dollar on the prices of commodities…

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