Industry & Money
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231FG Flags off 3m Scf CNG Plant in A’Ibom, to Leverage Gas for Industrialisation
The Minister of State Petroleum Resources (Gas), Ekperikpe Ekpo, at the weekend performed the groundbreaking of Guelph Gas Limited’s Compressed Natural Gas...
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218NNPC Ships Out First Crude Cargo on Delta Tanker to Europe
The Nigerian National Petroleum Company Limited (NNPC) has clinched another breakthrough export deal by shipping out its own cargo to a customer...
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222Manufacturers Regaining Confidence as Forex Stabilises –MAN
Manufacturers are optimistic about the stability of the sector following a challenging period of unsold inventory and economic uncertainty, according to the...
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245Nigeria Cuts March OPEC Quota by 50,000bpd in Blow to 2025 Budget
The Organisation of Petroleum Exporting Countries (OPEC) reduced crude oil production last month, with curbs in Nigeria amounting to about 50,000 barrels...
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345Nigeria Expands Crude Oil Supply to Europe with Medium Sweet Obodo Blend
A new Nigerian crude grade, medium sweet Obodo, will hit the market in April, according to sources familiar with the matter, as...
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358Nigeria Explores CNG Technology to Power Defence, Industrial Vehicle Fleets
Minister of Foreign Affairs, Yusuf Tuggar, led a high-level delegation on a tour of UROVESA – a renowned Spanish manufacturer of military...
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489Broadband Penetration Hits 45.61% as Telecoms Contribution to GDP Decline to 13.94%
Broadband penetration in Nigeria has maintained a steady increase in the last one year, to reach 45.61 per cent with a total...
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332Pharmaceuticals Now Exempted From Import Duty, VAT –Customs
The Nigeria Customs Service has announced a two-year exemption from import duty and Value Added Tax for critical raw materials essential for...
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87Discos Rake in ₦509b Amidst Serial Grid Collapses
Electricity consumers paid a total of N509.84bn in the fourth quarter of 2024 despite enduring five grid collapses within the same period,...
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93Foreign Trade Through Maritime Rose 91% to ₦130.8tr
Foreign trade through maritime transport rose by 91 percent, Year-on-Year, YoY to N130.75 trillion in 2024 from N68.44 trillion in 2023. Vanguard...
