business
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IPMAN Reveals Marketers Will Purchase Dangote Fuel with Naira
Refined petroleum products from the $20bn Dangote Petroleum Refinery are to be sold in naira and not in the United States dollar as speculated in some quarters, oil marketers clarified…
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Katsina Residents Opt for Ox-Driven Carts, Donkeys, and Bicycles to Reduce Transportation Expenses
Amidst rising economic costs, occasioned by fuel subsidy removal, Katsina residents are resorting to ancient ways of transporting goods and services. The residents, who are mostly low-income earners, made the…
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Dangote Refineries to Supply 150,000 IPMAN Stations as per Plan
The Dangote Petroleum Refinery is to supply fuel to about 150,000 retail outlets operated by the Independent Petroleum Marketers Association of Nigeria following a meeting between the management of the…
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CBN Identifies Violations in FX Market Regulations, Prepares Sanctions for Offenders
The Central Bank of Nigeria (CBN) says an independent forensic review of the foreign exchange (FX) backlog revealed “grave infractions, gross abuse and noncompliance” with market rules. Disclosing the development…
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Naira Weakens to N1,295/$ in Parallel Market Exchange
The naira yesterday fell to N1,295 per dollar in the parallel market from N1,265 per dollar on Monday. However, the naira depreciated to N878.57 per dollar in the Nigerian Foreign…
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