Ghana could buy petroleum products from Nigeria’s Dangote Petroleum Refinery once the facility is operating at full capacity, cutting more expensive exports from Europe, the head of the country’s oil…
Category: BUSINESS
FG: CNG Initiative Has Attracted over $175m Private Investments in Energy Sector
The federal government said the Presidential Compressed Natural Gas Initiative (P-CNGI) had already attracted over $175 million in private investments, in addition to government financing, in the energy sector. Special…
Constant grid collapse affecting DISCOs’ operations – JEDC
The Head of Corporate Communications, at Jos Electricity Distribution Company, Dr Elijah Adakole, has said that the reoccurring national power grid collapse affects Distribution Companies’ revenue generation. Adakole, said this…
Weakening Purchasing Power Pushes Preference for Second-hand Goods
With inflation eroding purchasing power in the country, households and firms are increasingly turning to second-hand markets in the country for their shopping needs. From clothing, cars, electronics to furniture…
Stakeholders Urge FG to Secure Telecoms Infrastructure
Key stakeholders in the telecommunications sector have urged the federal government to take over the security of telecommunications infrastructure, which had now been designated as Critical National Infrastructure (CNI). The…
Cooking gas price rises by 114% in 16 months
The price of Liquefied Petroleum Gas (cooking gas) has skyrocketed from N700/kg in June 2023 around when President Bola Tinubu assumed office to N1,500/kg in October 2024, The PUNCH reports.…
World Bank to FG: Conduct Audit to Reconcile What NNPC Owes Federation
The World Bank yesterday urged the federal government to carry out an audit to reconcile what the Nigerian National Petroleum Company Limited (NNPC) is owing the Federation as part of…
FG orders Discos to replace phased-out meters
The Federal Government has declared that electricity distribution companies must replace any meter phased out due to a meter upgrade. It declared this through the Nigerian Electricity Regulatory Commission and…
FIRS: govt not introducing new taxes
Chairman of the Federal Inland Revenue Service (FIRS), Zack Adedeji said yesterday that the tax reform bills recently presented to the National Assembly is not aimed at increasing tax or…
CBN verifying disputed $2.4bn FX claims – Cardoso
The Central Bank of Nigeria has commenced a re-validation exercise to ascertain complaints of manufacturers and importers over foreign exchange claims worth $2.4bn. The CBN Governor, Olayemi Cardoso, disclosed this…
