AIHN Honors Resilient Nigerian Companies Amid Challenges
Association of Issuing Houses of Nigeria recognizes companies thriving despite economic headwinds. See award winners and market outlook for 2025.
Category : Search result: downstream fuel market
Dangote Denies Viral Bike Fuel Delivery Scheme
Dangote Petroleum Refinery has officially denied involvement in a viral fuel delivery video. The company clarifies it has no bike delivery service for individual consumers. Read full details.
Stock Market Dips 1.7% on Tax Jitters
The Nigerian stock market fell sharply last week, losing N1.5 trillion as panic selling over a proposed capital gains tax caused a major sell-off. Discover the key winners and losers and what's next for investors.
FG Suspends 15% Import Duty on Petrol and Diesel
NMDPRA guarantees sufficient petroleum products during festive season, advises against panic buying as depots announce new prices. Stay informed on Nigeria's energy security.
N120m Lost in Kano Market Fire, 44 Shops Destroyed
Massive fire destroys Singa Market in Kano, gutting 44 shops and goods worth millions. Trader Alhaji Salisu Abdullahi loses N120 million. Read full details on the devastating incident.
NGX Gains N1 Trillion as Investor Confidence Soars
The Nigerian stock market closed with a massive N1 trillion gain, driven by strong performances from key blue-chip stocks. Discover the top gainers and market trends.
Private Depots Slash Fuel Prices Below Dangote Rates
Nigerian private depot owners engage in price war with Dangote Refinery, reducing diesel to N940/litre and petrol prices across major depots. Market competition intensifies.
Naira Gains as Pound Sterling Falls Below N2,000 Mark
Nigerian naira strengthens significantly against British pound, dropping below N2,000 in both official and parallel markets. CBN reforms drive currency stability as forex reserves hit $43.34 billion.
Dangote Refinery Increases Petrol Price to N860/Litre
Dangote Petroleum Refinery has increased petrol prices by N32 per litre just days after a reduction, causing depot operators to follow suit. Learn how this impacts Nigeria's fuel market.
N4.64 Trillion Wiped Out in Nigerian Stock Market Crash
Nigerian stock market plunges 5.01%, wiping N4.64 trillion off investor wealth in massive selloff. Key stocks including MTN Nigeria, BUA Cement crash by 10%.
Nigerian Stock Market Plunges Amid Economic Worries
Nigeria's financial markets experience significant downturn as rising interest rates, inflation fears, and job market instability spook investors. Key indices drop amid growing economic uncertainty.
Petrol Price Drops at Nigerian Filling Stations
Nigerians celebrate as Dangote Refinery's market impact forces petrol prices down across filling stations. Get the latest on fuel cost reductions and economic implications.
Presco Plc Launches ₦237B Rights Issue for Expansion
Nigerian agribusiness giant Presco Plc announces massive ₦237 billion rights issue to drive expansion, strengthen market leadership, and enhance production capacity across West Africa.
Dangote Refinery Withdraws Lawsuit Against NMDPRA
In a dramatic turnaround, Dangote Refinery has withdrawn its lawsuit challenging the NMDPRA's issuance of import licenses to competitors. Discover how this decision could reshape Nigeria's energy landscape and fuel pricing.
Presco Plc Launches ₦250BN Rights Issue for Expansion
Nigerian agribusiness giant Presco Plc unveils ambitious ₦250 billion rights issue strategy to accelerate expansion, strengthen market leadership, and enhance production capacity across West Africa.
SEC Chief Urges Registrars to Embrace Innovation
SEC Director-General Timi Owoturo challenges registrars to drive efficiency and technological advancement in Nigeria's capital market operations.
FG to Sell Nigeria's Dormant Refineries After Years of Losses
The Federal Government announces historic decision to sell Nigeria's dormant refineries, marking a major shift in the nation's energy sector after decades of operational failures and financial losses.
Benue Market Shut Over Rampant Car Theft
Frustrated traders at Benue Modern Market have closed shop indefinitely following repeated vehicle thefts, demanding immediate government intervention and enhanced security measures.
Naira Falls Again: Loses Ground Against US Dollar
The Nigerian naira has reversed its recent gains, depreciating significantly against the US dollar across both official and parallel markets. This latest development raises concerns about currency stability and economic recovery efforts.
Nigeria Stock Crisis: ₦1.3Trn Lost in Day
Nigeria's stock market plunges deeper into turmoil as investors witness massive wealth erosion, raising concerns about market stability and economic recovery prospects.
Nigeria to Privatize Refineries in Historic Agreement
In a groundbreaking move to revitalize Nigeria's oil sector, the Federal Government and manufacturers have agreed to privatize the Port Harcourt refinery and other national refineries, promising to end fuel import dependency.
Asian Markets Rebound Strongly on US Jobs Data
Asian markets surged dramatically as robust US employment figures boosted investor confidence, triggering a powerful recovery across major indices from Tokyo to Sydney.
Trump Effect Worsens Nigerian Stock Market Losses
Nigerian equities continue downward trend as Trump's political resurgence creates global market jitters. NGX sheds N1.36 trillion in two-day losing streak.
Dangote Refinery Cuts Petrol Price to ₦880.5/Litre
Dangote Refinery and its depots have significantly reduced petrol prices to ₦880.5 per litre, creating intense market competition and potential relief for Nigerian consumers.
Naira Rebounds Against Dollar Amid Trump Election Concerns
Nigeria's currency makes impressive recovery in parallel market while official rate weakens. Expert analysis reveals how Trump's political comeback threats are impacting forex trading patterns.
Dangote Refinery Cuts Petrol Prices, Shakes Market
In a dramatic market move, Dangote Petroleum Refinery has significantly reduced petrol prices, triggering a competitive battle that's transforming Nigeria's downstream oil sector and bringing relief to consumers.
Asian Markets Crash Amid Tech Bubble Fears
Asian markets experienced significant declines as growing concerns about a technology stock bubble and Federal Reserve policy shifts sparked investor panic across major exchanges.
Naira Crashes, Stocks Drop After Trump Victory
Donald Trump's presidential win triggers financial turmoil in Nigeria as Naira crashes to record lows and stock market experiences significant drops. Expert analysis reveals what this means for Nigeria's economy.
BP Profit Surges to $2.7B as Oil Prices Soar
British energy giant BP announces staggering $2.7 billion quarterly profit amid soaring oil prices, marking a dramatic turnaround from previous losses and signaling strong market recovery.
Nigeria Stock Market Gains ₦7.2 Trillion in October
Nigeria's stock market experienced an unprecedented rally in October, delivering massive gains to investors as renewed confidence and steady reforms fuel economic optimism.
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