Oil Marketers To Resume Fuel Importation Oil marketers will soon resume importation of Premium Motor Spirit (PMS), popularly known as petrol into Nigeria as the Federal government moves to end the Nigerian National Petroleum Company Limited (NNPCL)’s monopoly of importation. This sequel to a meeting the marketers: Depots and Petroleum[Read More…]
InDrive invests over N70m to boost drivers safety in Nigeria InDrive has invested over N70 million to demonstrating its firm commitment to elevating urban mobility safety standards in Nigeria. According to the firm, these funds are specifically allocated for the distribution of safety helmets and jackets for its drivers[Read More…]
Telcos renew push for tariff hike, others Mobile network operators (MNOs) have renewed the push to hike the end-user tariff of telecom services in the country, citing high cost of doing business. They urged President Bola Tinubu to cancel the recently suspended 7.5 per cent Value Added Tax (VAT) imposed[Read More…]
Heirs Insurance Group unveils digital centre Heirs Insurance Group has announced the launch of Nigeria’s first-ever digital insurance centre – the Heirs Insurance Experience Centre. Based in Transcorp Hilton, Abuja, the centre provides one-stop shop for the group’s products and services. The centre features an interactive screen, enabling users[Read More…]
Nigerian Exchange appoints New Chairman, Ahonsi Unuigbe Nigerian Exchange Limited (NGX) has appointed Mr. Ahonsi Unuigbe as its new Board Chairman, effective 27 September 2023, following the retirement of Mr. Abubakar Mahmoud. The shareholders of NGX also approved the appointment of Mr. Jude Chiemeka as Executive Director, and[Read More…]
USAID organises roadshow to introduce American investors to opportunities in Nigeria The United States Government, in partnership with the U.S. Agency for International Development (USAID) Mission in Nigeria and the U.S. Prosper Africa and Power Africa initiatives, is organizing a roadshow scheduled from October 9 to 13 to introduce[Read More…]
Africa will earn over $70bn from internal trading – AfCFTA The Africa Continental Free Trade Area has said that internal trading will earn Africa more than $70 billion development assistance. The Chief of Staff of the AfCFTA Secretariat, Silver Ojakol, made the assertion at the 2023 Regional Integration Issues Forum[Read More…]
Kerosene prices rise by 57.18% in August — NBS Household kerosene prices surged by 57.18 per cent, reaching N1,272.40 per litre in August, according to the National Bureau of Statistics. The NBS’ National Household Kerosene Price Watch report noted that this sharp increase from last year’s N809.52 in August 2022[Read More…]
Blue Economy Will Offer 350 Million Jobs If Adequately Harnessed — NIMASA DG Director-General, Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Bashir Jamoh, has said the blue economy will offer 350 million jobs to Nigerian citizens if adequately harnessed. Jamoh, who was represented by the Acting Coordinator of[Read More…]
NNPCL says no plans to hike petrol The Nigerian National Petroleum Company Limited (NNPCL) has debuted reports that it is planning to increase pump price of Premium Motor Spirit (petrol) as unfounded lies. In a statement posted on Friday on its official X handle (formerly Twitter) the management of[Read More…]
