Fuel prices may rise by 300% over cost variation
• NNPC denies slashing petrol price to N488 Fuel prices in Nigeria may rise by as much as 300 per cent in certain states in line with the removal of fuel subsidies, reflecting
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How Nigeria can generate N16.2tn annually from palm oil – Dogara
Former Speaker of the House of Representatives, Yakubu Dogara, has said that Nigeria is capable of generating N16.2trillion from palm oil production annually. The ex-lawmaker said that if the President, Bola Tinubu
‘Amid prospects, ICT’s contribution to GDP falls to N7.9tr in Q1’
Contributions of the information and communications technology (ICT) sector to Nigeria’s gross domestic product (GDP) dropped from N8.4 trillion in Q4, 2023 to N7.9 trillion in Q1, 2024. But the Ministry of
Government raises N3.8 trillion from bonds in six months
The federal government has realised N3.77 trillion from bond auctions in the first six months of the year, an analysis of the results of the bond auctions conducted by the Debt Management
CBN directs banks, IMTOs to pay diaspora remittances in naira
The Central Bank of Nigeria (CBN) Tuesday directed banks and International Money Transfer Operators (IMTOS) to pay all diaspora remittances in naira and match with the corresponding foreign currency inflows going forward.
DAPPMAN refutes Dangote Refinery’s claim of dirty fuel license, imports
The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has strongly refuted claims made by Dangote Refinery regarding the issuance of licenses for dirty fuel and the importation of substandard petroleum
Inflation may decline to 29.5 per cent by year-end, PwC projects
•Canvasses more investment, flexible policies PwC has projected a marginal decline in inflation to 29.5 per cent by the end of the year. This is expected to balance the effects of reforms,
Group optimistic trade modernisation project will aid cargo clearance
The President, Nigerian Association of Master Mariners, Capt. Tajudeen Alao, has disclosed that Federal Government’s Trade Modernisation Project (TMP) will stimulate quicker cargo clearance at the nation’s seaports. Alao made the observation
PETAN identifies 53 oil wells in Abia State
The Petroleum Technology Association of Nigeria (PETAN) said it has identified 53 existing oil wells in the fields and 105 capped wellheads within Abia State. Â Â PETAN Chairman, Wole Ogunsanya disclosed
Advertising industry value grows to N605.2b, multiplier effect at N1 to N16.5 — New report
A new report commissioned by the Advertising Regulatory Council of Nigeria (ARCON) but funded by industry associations has shed light on the advertising sector’s contribution to the nation’s Gross Domestic Product (GDP),
Corruption wrecks Nigeria’s ports, shrinks GDP by $204m yearly — MACN
Widespread corruption in the maritime sector has been described by stakeholders as a major stumbling block to harnessing the huge opportunities within the nation’s port sector, as it chokes domestic trade and