Oil Prices Climb as Naira Steadies After MPR Cut
Global oil prices rose while the naira held firm after the CBN’s interest rate cut. Analysts say Nigeria’s external buffers and rising output are easing
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Naira Comeback on Carry Trade and Softer Dollar
The naira rallied this week, buoyed by carry trade inflows and a weaker U.S. dollar. Analysts say CBN’s policy easing has boosted investor appetite for
CBN Rate Cut: OPS Says Relief Still Marginal
The Central Bank of Nigeria cut rates for the first time in five years, lowering the MPR to 27%. But the Organised Private Sector says
Actors Guild of Nigeria Lagos Calls Urgent Meeting Over Industry Crisis
The Actors Guild of Nigeria Lagos chapter has called an urgent meeting to address mounting industry concerns, signalling deepening cracks in Nollywood’s creative unions.
Nigeria’s overnight lending rate falls 100 bps
Nigeria’s overnight lending rate fell by 100 basis points this week, reflecting excess liquidity after the CBN’s policy easing and growing confidence in monetary stability.
Oil Marketers Push Back Otedola’s Call to Scrap Depots
Oil marketers have rejected Femi Otedola’s call to restructure and scrap depots, saying billions invested cannot simply be written off amid the Dangote refinery shakeup.
Dangote Trucks Alone Cannot Solve Fuel Distribution, Marketers Say
Oil marketers say Dangote Refinery’s 4,000 trucks alone cannot serve Nigeria’s fuel needs, calling for inclusion of existing depot and retail infrastructure in distribution plans.
TUC President Osifo: Nigeria’s Refineries Worked But Ran at Loss
TUC president Festus Osifo insists Nigeria’s refineries did function but at a loss, calling for 51% private control to improve efficiency and end recurring shutdowns.
Controversy Over NUPRC’s Proposed Role as Oil Concessionaire
The Federal Government’s plan to make the NUPRC concessionaire of oil blocks, displacing NNPC Ltd, has triggered opposition from stakeholders who warn of conflict of
Oil Workers Warn FG’s JV Stake Sale Could Bankrupt NNPC Ltd
By IDNN Energy Desk The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the Nigeria Union of Petroleum and Natural Gas Workers...