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
Suggestions
Africa’s oil demand to hit 4.9mbpd next year as Nigeria battles more risks
• Sector requires $14 trillion investment by 2045 • ‘Rise of commercial midstream players renders OPEC playbook obsolete’ Africa’s oil demand is projected to increase by 11.5 per cent within a year
More worries for Nigeria as Aiteo shuts down production over spill
Nigeria’s struggling oil production is facing another crisis as the Eastern Exploration and Production Company (AEEPCO) shuts down its oil mining licence 29 in Nembe, Bayelsa State, over a crude oil leak.
SEC cautions operators against cyber security risks
Director-General (DG) of the Securities and Exchange Commission (SEC), Dr Emomotimi Agama, has stressed the need for operators to remain vigilant and navigate risks associated with cyber security threats, regulatory complexities, and
Flour Mills receives recognition, commits to local content
Flour Mills of Nigeria Plc (FMN), a leading food and agro-allied company in Nigeria, clinched the Global Brand Award 2024 in the Food and Beverage category. The prestigious Global Brand Awards recognise
Targeted fiscal interventions needed to stabilise economy, say analysts
To stabilise the macroeconomic environment and create a conducive business environment, more robust and targeted fiscal interventions from the government are needed. According to analysts at Commercio Partners Research, the policies should
RT Briscoe to raise N10b from savings, investment scheme
RT Briscoe Nigeria Plc has secured the approval of the Securities and Exchange Commission (SEC) to raise N10 billion in funds through a newly introduced savings and investments scheme. Speaking with journalists
Ghana bourse eyes Nigeria’s N19.5tr pension funds to boost real sector
The Ghana Stock Exchange (GSE) has unveiled plans to woo Nigerian pension funds and other global investors to the market to boost investment in the country’s real sector. Managing Director of GSE,
Nigeria absent as African leaders fault global debt financing models
African leaders, yesterday, faulted the global financing architecture that is plunging several African countries into debt trap amid biting socioeconomic realities.
FG approves national dairy policy, lists achievement in sector
Amidst efforts to boost dairy production in the country, the Federal Executive Council (FEC) has approved the National Dairy Policy to guide the operations of the sub-sector’s value chain.
Immediate subsidy removal portends danger to economy, stakeholders warn
Stakeholders in the nation’s oil and gas sector have warned that immediate removal of fuel subsidy would bring untold hardship to the already-impoverished Nigerians considering the state of the economy.