Anambra State Governor, Prof. Charles Chukwuma, Soludo, on Friday (1st July, 2022), hosted stakeholders of private sector transportation and market unions leaders in the state. The Governor interacted with the stakeholders on the state’s new digital revenue collection system which commence on the first day of July 2022. Recall that Anambra State had in June...
Category: <span>Business</span>
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Buhari welcomes first ship at Lekki Deep Sea port
The President, Major General Muhammadu Buhari (retd.), has congratulated the Federal Ministry of Transportation and the Nigerian Ports Authority on the successful berthing of the first ship at Lekki Deep Sea port. The vessel, ZHEN HUA 28, delivered three Ship to Shores and 10 Rubber Tyre Gantries cranes that will help in the evacuation of...
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Higher landing costs linked to Russia-Ukraine war
Higher landing costs as currently being witnessed has been linked to the global energy crisis as a result of the ongoing Russia-Ukraine war. A trade and finance expert, and lecturer in the Department of Economics, University of Lagos (UNILAG), Dr Adebayo Adedokun, made the assertion in an interview with Vanguard. Adedokun stated that the only...
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Dollar value of Peter Obi’s investment for Anambra now US$3.7million or US$5.3 million depending on exchange rate
Given the repeated fake news about the current dollar value of the investment by the Peter Obi administration in SABMiller, it has become imperative to clarify the matter in public interest. The Peter Obi Administration invested the sum of N1,955,535,247.00 (equivalent of approximately US$12,616,356.43 at the then average CBN exchange rate of N155.00/$1.00) in Intafact...
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FG to demolish Customs building for rail connectivity at Apapa seaport
The Federal Government has concluded plan to demolish Nigeria Customs Service (NCS) building said to be causing an obstruction on the rail lines at the Apapa seaport. It was gathered that the Customs building has been causing delays and impediments to the construction of the rail line meant for cargo evacuation at the port. Speaking,...
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Finland expresses interest in Nigeria’s gas deposits
Finland has expressed interest in taking advantage of Nigeria’s huge gas deposits, stating that it was looking for avenues to diversify its energy sources. This followed the decision of the European Union member countries to end their dependence on Russian gas and seek alternative gas suppliers over the invasion of Ukraine by Russia. Disclosing this...
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OPEC Report Shows Crude Oil Production Dropped In Nigeria, Six Other Countries
The latest report by the Organisation of the Petroleum Exporting Countries (OPEC) has shown that Nigeria’s crude oil production dropped, placing Angola ahead of the most populous African nation. According to the OPEC Monthly Oil Market Report (MOMR) published on Wednesday and obtained by the News Agency of Nigeria (NAN) in Abuja, crude oil output...
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AON raises alarm, says 3 Nigerian airlines may soon shut down
The Airline Operators of Nigeria (AON) has decried the increasing cost of aviation fuel which has peaked to N714 per litre in some airports, saying that least three domestic airlines may shut down in the coming months due to this. The was disclosed by Mr. Allen Onyema, the Vice Chairman of AON, while speaking at...
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Diesel price may hit N1,500/litre, 75% filling stations closed – Marketers 
About 75 per cent of filling stations across the country are currently out of business due to their inability to purchase diesel required to power their tankers and transport Premium Motor Spirit, popularly called petrol, to their various outlets, oil marketers stated on Tuesday. Marketers also stated that the cost of diesel would keep increasing...
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Banks reward savings accounts with 1.28%, lending hits 26.61%
The gap between the savings and lending rates in the banking sector widened by 25.33 per cent in March, according to figures obtained from the Central Bank of Nigeria. Latest figures obtained from the CBN on money market indicators revealed that savings deposit rate was 1.28 per cent in March while the maximum lending rate...