Business News
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75Oil Falls Further on Worries of Supply Rising Later in 2024
Oil prices eased in Asian trade on Tuesday, extending losses from the previous session when prices fell to their lowest in four...
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79We Dispensed Benefits to 20,531 Nigerians in 1yr –NSITF
The Nigeria Social Insurance Trust Fund (NSITF) says it has worked to dispense benefits to 20,531 Nigerians in the last one year. This...
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116FG Can’t Afford Minimum Wage Labour Wants –Finance Minister
The Minister of Finance, Wale Edun, has said Labour is asking for a minimum wage that is not affordable. He stated this...
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150₦3.7tr Debt Threatening Our Operations –GenCos
The Power Generation Companies (GenCos) have stated that over N3.7trn debt owed to the companies is threatening their operations and failure to...
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239Tax Committee Recommends ₦800/$ Customs Duty Rate
The Presidential Committee on Fiscal Policy and Tax Reforms has recommended an exchange rate of N800 per dollar Customs import duty rate for...
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129FG secures $500m World Bank Loan to Fund Discos
The federal government has secured a $500 million loan from the World Bank to fund electricity Distribution Companies (DisCos). According to the Bureau...
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257NNPC Approves ExxonMobil, Seplat ₦1.2b Asset Sale Deal
After over two years of administrative and bureaucratic delays, the Nigerian National Petroleum Company Limited (NNPC Ltd) has finally signed a settlement agreement...
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148‘FG not Paying Fuel Subsidy, but NNPCL can Intervene Routinely’
Minister of State, Petroleum (Oil), Heineken Lokpobiri, has attempted to clear the doubts expressed by oil and gas operators, economists, as well...
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160FG Rolls out CNG-powered Vehicles, Projects $10b Market
The Federal Government has commenced the rollout of Compressed Natural Gas-powered buses and tricycles beginning from Ilorin, the Kwara State capital. On...
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106Nigeria’s 2023 Oil Export to Indonesia Hit $3.8b
Nigeria exported crude oil and gas valued at over $3.8bn to Indonesia in 2023, the Indonesian Ambassador to Nigeria, Usra Harahap, has...
