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Category: Business
Depots deserted as petrol landing cost hits N720/litre
Many petroleum products depots are currently deserted due to lack of products caused by foreign exchange rate volatility, as the landing cost of Premium Motor…
17 independent power distributors get licences, 10 operational
The Federal Government has issued licenses to 17 Independent Electricity Distribution Networks operators, among which 10 are currently operational, the government announced on Tuesday. It…
Chevron Commits $100m To Boost Economic Development In Niger Delta
The establishment of Partnership Initiatives in the Niger Delta (PIND), by Chevron has gulped over $100 million and leveraged a corresponding amount from investors and…
FG issues first wholesale gas supply licence under PIA
The Federal Government has issued its first Wholesale Gas Supply Licence for 500 million standard cubic feet of gas per day to an indigenous firm…
Nigeria sets $5bn target for startups
Nigeria has set a plan to help startups raise their total yearly funding rounds to $5bn by 2027. This was disclosed by the Minister of…
Kwara hoteliers tackle government over excessive taxation, harassment, coercion
Hoteliers in Kwara appealed to Gov. Abdulrahaman Abdulrazaq on Saturday to save them from harassment, coercion, intimidation, extortion and unlawful locking up of their facilities by…
Partners seek investment in Nigeria by American firm
Trimble, a United States of America manufacturer software, hardware and services technology company that supports global industries in building and construction, agriculture, geospatial, natural resources…
CBN assigns roles to deputy governors
On Friday, the Central Bank of Nigeria (CBN) assigned responsibility to the four deputy governors confirmed on Tuesday by the Senate. Consequently, Bala Bello will be responsible…
CBN will spend $3bn loan to stabilise economy – NEC
The National Economic Council on Thursday affirmed that the $3bn emergency loan-for-crude oil the Federal Government secured in August would be deployed to stabilise the…
Dangote Refinery To Sell Fuel To Nigerians In Dollars, Not Naira
Dangote group’s Executive Director Devakumar Edwin has revealed that the refinery would sell petrol to Nigerians in US dollars and not Nigeria Naira. Dangote Refinery…