growing influence of the Dangote Petroleum Refinery & Petrochemicals is extending far beyond Africa and the Middle East, as the United States imports over two
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Federal Government has unveiled plans to regulate gold exploration in Zamfara State by introducing a standard operating code aimed at ensuring a more structured and transparent mining process.
Seven vessels carrying imported Premium Motor Spirit, popularly called petrol, are expected to berth at seaports along the nation’s borders between Monday, March 17,
Adamawa/Taraba Area Command of the Nigeria Customs Service has intercepted 240 drums of Premium Motor Spirit (PMS) worth N72.6 million, preventing an attempt to
Nigerian Exchange extended its losing streak on Wednesday, shedding N289bn in market value as bearish sentiments persisted for the third consecutive trading session.
Tinubu appoints Board Member for Power System Operator
The stock market on Monday recorded mixed performances.
Seyi Tinubu, son of President Bola Ahmed Tinubu, has described his father as the greatest president in Nigeria’s history.
Governor Siminalayi Fubara
The Naira ended the week positively on Friday, trading at N1,517.93 to a Dollar in the official market.
Dangote Petroleum Refinery on Friday reduced the loading cost of its petrol from ₦825 per litre to ₦815 per litre, further intensifying the pricing war in the downstream sector.
Report has it that marketers are taking advantage of the ₦10 reduction by sourcing petrol directly from the refinery instead of relying on depot owners who may be forced to embark on a downward adjustment of their price.
Meridian Spy learnt that the landing cost of imported petrol is ₦774.72 per litre.
The cost, which factors in various expenses, including shipping, import duties, and exchange rates, prompted retail marketers to opt for importation, ditching Dangote Refinery.
The landing cost was speculated to cause a reduction in pump price to ₦800 per liter, which may have prompted the latest reduction by the refinery.
Meanwhile, depots in Lagos are beginning to effect price changes, selling between ₦820 and ₦839 to reflect the new reduction offered by the refinery.
Depots like AA RANO and MENJ are selling at ₦830 per liter while WOSBAB and RAINOIL sell at ₦831. Bovas sells a litre at ₦826, likewise Integrated depot while AITEO changed its price from ₦832 to ₦827
Amid rising security concerns across Nigeria, the Senate has once again summoned top security chiefs, including National Security Adviser (NSA) Nuhu Ribadu, to appear before