Business News
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639Tax 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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213FG 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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412NNPC 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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259‘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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272FG 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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204Nigeria’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...
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247Fed Govt to Give Special Forex Access to GenCos
Minister of Power, Adebayo Adelabu, has said the Federal Government is planning to give electricity generation companies (GenCos) access to foreign exchange...
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187FG Targets Greenhouse Emission Reduction Through Decarbonisation
The Federal Government has backed a pioneering move towards a sustainable and environmentally-friendly future. It partnered with Bibigizer Africa Limited, a leading...
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154Asian Stocks, Bonds Fall as High Yields Hit Mood
Stocks, currencies and bonds across Asia slumped on Thursday, as US Treasury yields near this year’s high underscored uncertainty over the timing...
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321NNPC Uncovers 122 Illegal Refineries, Seals Fuel Station
The Nigerian National Petroleum Company Limited (NNPCL) has discovered a total of 122 illegal oil refining sites in the past week across...
