Nigeria adopts cash payment for petrol imports
16 June 2023 |
1:48 pm
The Nigerian National Petroleum Company says it will start paying in cash for petrol imports as it ends the direct sale direct purchase contracts with foreign refiners. Kola Karim, the CEO of Shoreline Group, joins CNBC Africa for this discussion.
Related
Related
1 day ago
The EU and Lebanon have agreed upon an aid package to help the country deal with its financial crisis and high numbers of refugees. Most experts believe the deal could increase, not dampen, irregular migration.
3 days ago
Find these stories and much more when you grab a copy of The Guardian on Wednesday.
2 hours ago
The naira continues to trade around 1,300 against the greenback at the official market this week. Meanwhile, data from the CBN shows Nigeria’s currency in circulation has risen to 3.87 trillion naira at the end of March. Kingsley Nwaiwu, Head of Consumer sector sales, Global Markets at Stanbic IBTC joins CNBC Africa on the FX trading patterns, impact of CBN’s reforms and Nigeria’s drive to increase dollar flows.
1 day ago
Nigeria has announced plans to delist the naira from all peer-to-peer (P2P) platforms. According to the Director General of the Securities and Exchange Commission, the move is to tackle the manipulation of the local currency’s value in the foreign exchange market.
2 days ago
Find these stories and much more when you grab a copy of The Guardian on Thursday.
1 day ago
Find these stories and much more when you grab a copy of The Guardian on Friday.
Latest
1 day ago
A ship bearing the flame has docked in the southern port of Marseille. Athletes, public figures and ordinary citizens will now carry the symbol of Olympic tradition to Paris in a relay across the country.
1 day ago
About a quarter of Germans cited immigration as their main priority in 2022, which rose to 44% in the 2024 survey. About a third were most concerned about climate change two years ago, falling below the 25% mark this time.
1 day ago
Authorities in Kenya say at least 171 people have been killed and more than 190,000 displaced by catastrophic flooding.
1 day ago
Ten people were injured Thursday after a plane operated by the airline Transair left the runway at the Blaise-Diagne International Airport in the capital of Senegal, Dakar, an event that forced the cancellation of all flights scheduled during the morning.
1 day ago
The Olympic flame arrives in France from Greece this Wednesday. Some 10,000 people will have the honour of carrying the torch for part of its relay around the country, from ordinary citizens to VIPs. One of these torch bearers is a Paris-based, Sri Lankan-born baker who only came to France for the first time in 2006.
1 day ago
The incontestable reigning queen of pop, Taylor Swift has broken dozens of records on her way to the top. As she heads to Paris for the latest leg of her Eras tour at the La Défense Arena, author and journalist Morgane Giuliani joins us to discuss the cultural phenomenon the US musician has generated in a 17-year career.
×
Get the latest news delivered straight to your inbox every day of the week. Stay informed with the Guardian’s leading coverage of Nigerian and world news, business, technology and sports.
0 Comments
We will review and take appropriate action.