The Manufacturing Association of Nigeria and other stakeholders have called for a new industrial policy, as manufactured goods constituted only 1.4 per cent of the country’s total exports in …
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Unremitted gas royalty, flare penalty hit $1.4bn – NEITI
The Nigeria Extractive Industries Transparency Initiative, on Thursday, said its most recent report on the oil and gas sector showed that the total unremitted revenue of gas royalty payments …
Read More »World Bank approves $2.25bn loan for Nigeria
The Federal Government has received significant funding from the World Bank worth $2.25bn. The international lender announced the approval of two significant financial operations aimed at bolstering Nigeria’s economic …
Read More »Dangote refinery projects price fall, expands plant to 5.3bn litres
The President of the Dangote Group, Alhaji Aliko Dangote, has projected that the current pump price of petrol would come down when the product from his refinery hits the …
Read More »Dangote refinery plans 5.3bn litres fuel storage
The President of the Dangote Group, Alhaji Aliko Dangote, says it is expanding the storage capacity of his refinery by 600 million litres. This, according to him, will enable …
Read More »NGX: Investors gain N114bn as NB, Unity Bank, others soar
In the first trading session after the country’s Democracy Day celebration, investors in the Nigerian equities market gained N114 billion at the end of business on Thursday. This followed an …
Read More »NNPCL boss seeks special courts for crude oil theft, vandalism
The Chief Executive Officer of the Nigerian National Petroleum Corporation Limited, Mr. Mele Kyari, has called for the support of the judiciary in tackling the twin challenges of crude …
Read More »NNPC to withdraw suit on sale of ExxonMobil’s $1.28bn asset
The Nigerian National Petroleum Company Limited (NNPC) has filed a motion in the High Court of the Federal Capital Territory (FCT) in Abuja to discontinue lawsuit against the sale of …
Read More »Nigeria seeks $500m loan from World Bank for rural roads
The Federal Government has requested a $500 million loan from the World Bank for the development of rural roads and agricultural marketing. This fund is expected to address the problem …
Read More »Amid liquidation fears, CIBN assures of Nigerian banks safety, resilience
Following the revocation of the operating license of Heritage Bank Plc and the lingering worries on the health of other four banks in the country, the Chartered Institute of Bankers …
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