UgamatvPIB: FG to engage oil-producing communities, says Sylva
The Federal Government says it will, again, engage Niger Delta oil-producing host communities on the three per cent operational costs allocated to them in the recently passed Petroleum Industry Bill.…
NLC demands electricity tariff reduction agreement implementation by December
The Nigeria Labour Congress has said the Federal Government must implement by December the agreement to reduce electricity tariffs by N15 per kilowatt-hour. The congress cautioned that it would not…
Tochukwu Chukwu
- Business , News
- August 2, 2021
- 211 views
Petrol subsidy may gulp N2tn this year –Rainoil boss
Nigeria may end up spending N2tn on petrol subsidy this year if the current situation persists, the Group Managing Director, Rainoil Limited, Dr Gabriel Ogbechie, has said. Ogbechie said this…
- Business , News
- August 2, 2021
- 258 views
Nigeria’s loans from World Bank, AfDB rise to $14.35bn under Buhari
Nigeria’s liabilities to the World Bank and the African Development Bank rose from $7.14bn to $14.25bn between June 30, 2015 and March 31, 2021, data obtained from the Debt Management…
Dangote Sugar records N131.9bn revenue in H1, cement posts N191.6bn in six months
Dangote Sugar Refinery has posted N131.95 billion revenue in its unaudited financial results for the half year (H1) ended June 30, 2021. The Group Managing Director/CEO of the refinery, Ravindra…
MTN Nigeria grows profit by 54% despite subscriber loss
MTN Nigeria Communications Plc has announced that its profit before tax jumped by 54.01 per cent to N215.12bn in the first half of this year, compared to the corresponding period…
CBN directs banks to create mobile app for forex following ban on sales of forex to Bureau de Change operators
The Central Bank of Nigeria has directed Deposit Monetary Banks (DMBs) in Nigeria to create mobile applications and alert systems to update customers of their foreign exchange movement. This comes…
- Business , News , Society and Events.
- July 29, 2021
- 221 views
Enugu Airport resumes IT’S international flight activities
There are indications that the Akanu Ibiam International Airport, Enugu will resumes its international flights activities today july 29 This was announced by the Chairman, House Committee on Aviation, Nnolim…
N30bn maize lost to insecurity in 2020, farmers claim
To mitigate attacks while cultivating crops on their farmlands, farmers have resolved to work in groups of 100, 200 or 300 persons, it was learnt on Tuesday. It was also…
- Business , News
- July 27, 2021
- 195 views
Nigeria’s revenue-to-GDP ratio lowest, private sector choking – World Bank
· Finance minister says revenue very weak Nigeria’s revenue-to-Gross Domestic Product ratio, which fell to between five and six per cent last year, is the lowest in the world, the…
