Newscenter Media News From 2015 to 2019, Nigeria could only produce 1.46 billion litres of petrol due to low refining capacity caused by the country’s inactive refineries, as reported by the National …
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NUPRC urged to honour crude supply obligations
The Tope Adebayo LP, a full-service law firm based in Lagos, has examined the implementation framework and enforcement mechanisms of Nigeria’s crude oil supply obligations and its role in …
Read More »FG stops VAT on diesel, cooking gas
The Federal Government has announced the provision of new tax reliefs for deep offshore oil and gas production to boost investments in the sector. It also announced that the …
Read More »NGX: Ellah Lakes, Caverton among top losers as investors shed N187.6bn in five hours
The Nigerian equities market resumed after the Independence Day holiday with a N187.6 billion loss for investors at the close of trading on Wednesday. This followed a dip in the …
Read More »AfDB urges Africa to adopt technology to ensure food security
The Africa Development Bank (AfDB) has canvassed the adoption of technology, supported by the right policy environment and investment to transform agricultural productivity in a bid to ensure food security …
Read More »Amid service disruptions, Zenith, First banks warn customers against fraudsters
As First Bank Plc and Zenith Bank Plc continue to battle service disruptions, the tier 1 banks have warned it’s millions of customers to be wary of activities of fraudsters …
Read More »Stanbic IBTC PMI reports reduced business activity amid inflationary pressures in Q3
Inflationary pressures intensified in September, adding to the challenges faced by Nigerian companies as the third quarter drew to a close, according to the Stanbic IBTC Purchasing Managers’ Index (PMI®) …
Read More »“It’s only in Nigeria that Customs is IGR-based”, Coleman Wires boss laments
The Managing Director of Coleman Wires and Cables, George Onafowokan has lamented that it is only in Nigeria that the Customs Service has been turned into an Internally Generated Revenue …
Read More »UBA grows half-year earnings to N1.37tn
United Bank for Africa has posted a 40 per cent growth in gross earnings to N1.37tn in the first half of 2024 from N981.77bn in the prior period of …
Read More »Emirates Airlines resumes flight operations to Nigeria after two-year break
A flight operated by Emirates Airline, the flag carrier of the United Arab Emirates (UAE), touched down at the Murtala Muhammad International Airport, Lagos, on Tuesday afternoon to signal the …
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