The Nigerian National Petroleum Company (NNPC) Limited says it has not changed the pump price of premium motor spirit (PMS), also known as petrol, throughout its retail outlets. There have been reports that the NNPC has dropped the price of petrol to N560 per litre from N568. The national oil company was also described as … Read more
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has described the Nigerian currency as “undervalued.” Mr Cardoso stated this Wednesday at the Launch of the Nigerian Economic Summit Group (NESG) 2024 Macroeconomic Outlook Report. “We believe that the naira is currently undervalued and, coupled with coordinated measures on the fiscal side, we will … Read more
The Nigerian National Petroleum Company, NNPC, Ltd says it recorded a profit of N2.548 trillion in 2022. The national oil company in its 2022 Financial Performance Report posted online described the profit as the highest since its inception in 1977. The financial report stated that it recorded a loss of N803 billion in 2018 and … Read more