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29 ships to arrive Lagos
Twenty-nine ships are to arrive in Lagos ports with foods, petroleum products and other goods from January 20 to February 7. The Nigerian Ports Authority (NPA) disclosed this in its daily publication,...
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Nigeria may double VAT due to falling oil prices
Dr. Ngozi Okonjo-Iweala The federal government plans to double its value-added tax (VAT) and cancel government projects if oil prices continue to slide. Coordinating Minister for the Economy/Minister...
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Digital surveillance to curtail pipeline vandalism coming, says Power Minister
Prof Chinedu Nebo, Minister of Power Professor Nebo said government is working hard to combat pipeline vandalism through digital surveillances system. According to him, it is not as if government is...
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Section 2 of Lagos-Ibadan Expressway reaches 16% completion — Official
LAUNCH OF RECONSTRUCTION OF LAGOS-IBADAN EXPRESSWAY Mr Nkereuwem Ukpong, the Deputy Director, Federal Highway (South West), Federal Ministry of Works, said the reconstruction work on Section 2 of the...
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Political unrest puts pressure on Bangladesh businesses
The Bangladeshi Chamber of Commerce and Industry, said on Thursday in Dhaka, that an indefinite transport blockade called by the Bangladeshi opposition was taking a heavy toll on businesses. Hossain...
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NSE market indicators dip further by 0.24%
The market capitalisation of the Nigerian Stock Exchange (NSE) on Thursday dipped further by 0.24 per cent, following sustained huge profit takings by investors. The News Agency of Nigeria (NAN)...
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CPC withdraws litigation against NBC, Coca-Cola
The Consumer Protection Council (CPC) on Thursday announced its decision to withdraw all its pending litigation against the Nigerian Bottling Company (NBC) and Coca-Cola Nigeria Limited (CCNL). This is...
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Estimated billings: FG to compel DISCOs to deploy metres — Nebo
LAGOS — The Federal Government has said it plans to compel electricity distribution companies (Discos) to deploy metres to Nigerians, to address the issue of estimated billings. Speaking during a visit...
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FG still subsidising petrol at N87 per litre – PPPRA
The Petroleum Products Pricing Regulatory Agency (PPPRA) on Friday revealed that Federal Government was still subsidising the current pump price of petrol at N87 per litre. This is contained in a...
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PPPRA: How government arrived at N87/litre petrol pump price
The Petroleum Products Pricing Regulatory Agency (PPPRA) on Friday said that the recent decision of the federal government to cut official regulated pump price of petrol from N97 to N87 per litre was...
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FG to begin piping of products to ease Apapa traffic
Federal Government has said that it will commence piping of petroleum products from the Lagos port to major depots across the country as part of efforts to decongest the perennial traffic situation in...
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Nigeria’s gas supply market hits 2bn cfbd – NNPC
Nigeria has grown its gas supply market from 300 million to two billion cubic feet per day (cfpd) says the Nigerian National Petroleum Corporation (NNPC). The Group Executive Director, Gas and Power,...
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Press Release: Aggreko extends 200MW Ivory Coast Power Project
200 MW Aggreko Power Plant in Abidjan, Ivory Coast The Aggreko plant provides critical power to Ivory Coast and surrounding countries interconnected to the Ivory Coast grid Aggreko...
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Fire guts Warri spare-parts market
A storey building housing several shops in Lower Erejuwa Motor Spare-part Market, Warri, was on Monday razed by fire, the News Agency of Nigeria (NAN) reports. Properties including assorted automobile...
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Good news! Naira rebounds at parallel, black markets
The Naira on Monday rebounded to gain N6 against the dollar following the Central Bank of Nigeria’s (CBN) plan to upwardly review the weekly Forex cash sales to Bureau De Change (BDC) operators....
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Relief as NNPC’s Forcados pipeline resumes operations
Diezani Alison-Madueke, Minister of Petroleum Resources Nigerians will experience relief in power supply as the Trans-Forcados oil pipeline, which transports crude oil to an export terminal and gas to...
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New clearance procedure boosts customs revenue by N167.7bn
Dikko Inde Abdullahi, Comptroller-General of Customs The Comptroller-General of Customs, Alhaji Dikko Inde Abdullahi, on Monday disclosed that the implementation of the Pre-Arrival Assessment Report...
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Ogun confirms outbreak of bird flu in Ota, Sagamu, others
Mrs. Ronke Sokefun, Ogun State Commissioner for Agriculture ABEOKUTA — The Ogun State government yesterday confirmed the outbreak of Avian Influenza otherwise known as H5N1 and also known as bird flu....
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Konga now most visited Nigerian site
One of Nigeria’s largest online shopping sites, Konga.com, has been ranked as the most visited website in Nigeria in the latest Alexa rankings. This puts Konga.com ahead of the widely read Nairaland...
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Oil price recovers as dollar weakens against euro
DRUMS CONTAINING ALLEGED STOLEN CRUDE OIL IN ENUGU Oil prices steadied above 48 dollars a barrel on Tuesday, recovering from earlier losses as the dollar weakened against the euro. Brent crude oil...
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