ΩÅThe two major unions in the oil and gas sector, the Petroleum and Natural Gas Senior Staff Association of Nigeria and the Nigeria Union of Petroleum and Natural Gas employees, on Wednesday expressed divergent views on the marginal reduction in the pump price of petrol. The Federal Government had on Tuesday announced a reduction in the price of petrol by N1 per litre at filling stations being run by the Nigerian National Petroleum Corporation and N0.5 at outlets of independent marketers.

31 December 2015, Abuja – The naira weakened against the United States dollar at the parallel market on Wednesday. The local currency closed at 262 against the greenback two days after it rose from 265 to 260. Currency analysts had predicted that the naira would remain weak against the dollar at the parallel market until the […] More »