Saturday , December 16 2017
Breaking News
Home / BUSINESS (page 17)

BUSINESS

Stop fixing fuel prices, NNPC, others tell FG

NNPC-GMD

The fixing of petroleum products’ prices is denying the country investment in the downstream sector of the oil and gas industry and depriving Nigerians certain benefits from the country’s petroleum resources, industry stakeholders said on Thursday. The Federal Government currently regulates the prices of Premium Motor Spirit, otherwise known as ...

Read More »

FG wastes funds on kerosene subsidy

PIC.6.  PEOPLE QUEUING FOR KEROSENE AT THE NNPC MEGA 

STATION ON OLUSEGUN OBASANJO WAY, CENTRAL BUSINESS DISTRICT 

IN ABUJA ON THURSDAY (18/8/11).

Petroleum products’ marketers across the country have continued to ignore the directive of the Federal Government on kerosene price as they sell the product between N110 and N160 against the regulated price of N50 per litre. The Federal Government is paying N58.65 as subsidy for every litre of kerosene being ...

Read More »

Nigeria Gets N2.5trn From Petroleum Products In 3 Months

20150819-233735

Nigeria earned N2.512 trillion from the export of petroleum products in three months, between April and June 2015, according to data released Wednesday, by the National Bureau of Statistics (NBS). In its Foreign Trade Statistics for the Second Quarter of 2015, the NBS also stated that Nigeria recorded total merchandise ...

Read More »

Naira rises to 217 against dollar

naira-notes

The naira appreciated against the United States dollar at the parallel market on Monday to 217, from 221 recorded on Friday. The naira rose on the back of weak demand for the dollar at the foreign exchange markets. Forex traders linked this to an improved dollar liquidity occasioned by the ...

Read More »

NGO calls for probe of Nigeria’s oil sales

Oil-Refinery

An NGO, Natural Resources Governance Institute (NRGI), on Sunday urged the Federal Government to critically look into the nation’s oil sales in order to address revenue leakages. This is contained in a statement issued on Sunday in Bwari, Federal Capital Territory, by the NGO’s Director of Communications, Mr Lee Bailey. ...

Read More »

Ambode warns parents against street trading

street-trading

Lagos State Governor, Akinwumi Ambode, has urged parents to endeavour to respect the Child Right Law provisions of the state.The appeal came as he advised them to desist from engaging their children in street trading during school hours. Ambode stated this while presenting 250 West African Senior School Certificate Examination ...

Read More »

Buhari Sacks NPA MD, Sanusi Ado Bayero

ado_bayero_-_now

President Muhammadu Buhari has terminated the appointment of the Sanusi Ado Bayero, managing director of the Nigeria Ports Authority (NPA). According to Femi Adesina, presidential spokesman, the termination of Bayero’s appointment is with immediate effect. “He is to hand over the management of the NPA and all government property in ...

Read More »

NIGERIA LOST OVER $1BN TO GAS FLARING IN 2014

Nigeria-map

Nigeria lost over N225 billion ($1 billion) to gas flaring in 2014 alone, while about 295 billion standard cubic feet of natural gas was flared in nine months, according to the Lead Director, Centre for Social Justice (CSJ), Eze Onyekepere. Onyekepere, while speaking with journalists in Abuja on Monday, during ...

Read More »

‘Why Buhari won’t sell refineries’

Port-Harcourt-refineries-e1427761827730

• Stakeholders’ expectations from new NNPC’s directors • Want focus on self-sufficiency in petroleum products STRONG indications have emerged in Abuja that President Muhammadu Buhari may not be in a hurry to sell Nigeria’s three refineries. It was understood he may not do so because it may place the economy ...

Read More »

Customs impound N31m smuggled poultry

1

The Western Marine Command of the Nigeria Customs Service has announced its latest seizure of 3,221 cartons of smuggled poultry worth N19.326m. This brings the total worth of smuggled poultry impounded by the command since the launch of Operation Hawk Descend to N31m. In a statement to our correspondent, the ...

Read More »

Med-View Airlines to commence operations into London, Jeddah

384655

Indigenous carrier, Med-View Airlines, is to commence direct flight operations from Lagos to London, United Kingdom; Jeddah, Saudi Arabia and Dubai in the United Arab Emirates (UAE), according to its Managing Director/CEO, Alhaji Munuer Bankole. Bankole who spoke to journalists while taking delivery of a new Boeing 767-300ER bought by ...

Read More »

Power firms: Military, govt agencies, others owe us N26bn

powerplant

The Association of Nigerian Electricity Distributors, a group of 11 Energy Distribution Companies, may begin disconnection of power supply to military formations as well as Ministries, Departments and Agencies at every level of government as debts owed the power firms by the agencies stand at N26bn.‎ Speaking with journalists in ...

Read More »

World Bank Appoints Arunma Oteh, Vice President And Treasurer

arunma-oteh-jide-salu

Nigeria’s immediate director general of its Securities and Exchange Commission, Arunma Oteh, has been appointed as Vice President and Treasurer of the World Bank. According to a statement from the World Bank, Oteh, whose appointment takes effect from September 28, 2015, will manage and lead a large and diverse team ...

Read More »
Translate »