AGS NEWS – The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced plans to amend the Domestic Crude Supply Obligations Regulations 2023. This was disclosed in a notice signed by NUPRC Chief Executive, Gbenga Komolafe, on Thursday. In addition to … Continue reading NUPRC set to amend domestic crude supply regulations
AGS NEWS – Dangote Industries Ltd. has praised the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) for its efforts in addressing the company’s crude supply requests from International Oil Companies (IOCs). In a statement on Wednesday in Lagos, Mr. Devakumar Edwin, … Continue reading Dangote praises NUPRC’s efforts in securing crude supply
AGS NEWS – The Ghana Grid Company Limited and the Electricity Company of Ghana have informed the public about nationwide power supply interruptions due to a reduction in gas supply from Nigeria. In a joint statement on Thursday, the companies … Continue reading Gas supply disruption from Nigeria causes power outages in Ghana
AGS NEWS – The Niger State House of Assembly is adamant that the Abuja Electricity Distribution Company (AEDC) must ensure the provision of electricity for 18 hours daily, or else the state will explore alternative power sources. The assembly recently … Continue reading Niger assembly demands 18 hour electricity supply
The Nigerian naira experienced a significant appreciation of 27.16%, closing at N864.29/$ on the official Investors and Exporter window on Monday. The daily turnover of the dollar also saw a substantial increase, surging by 86.83% to $132.46 million compared to … Continue reading Naira gains ground, trades at N864/$ on official market with increased dollar supply
The Northern Consensus Movement of Nigeria has declared its intention to halt the supply of food from the North to the southern region of the country. This threat comes in response to a recent ultimatum by Yoruba nation agitator Sunday … Continue reading Northern group threatens to stop food supply to the south
In response to a decline in the value of the Nigerian Naira, the Central Bank of Nigeria (CBN) has announced measures to increase the supply of dollars in the foreign exchange market and has lifted the ban on 43 previously … Continue reading CBN boosts dollar supply and lifts ban on 43 items, including cement
Economists have outlined several strategies to counter the depreciation of the Nigerian naira and address the scarcity of US dollars. One key recommendation is to secure balance of payment facilities from multilateral institutions, which could inject foreign currency into the … Continue reading Economists propose strategies to increase Dollar supply amid Naira depreciation
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