Presidency raises alarm over NNPC’s non-completion of PH refinery
The presidency has expressed concern about the Nigerian National Petroleum Company (NNPC) Limited’s failure to meet key milestones crucial to President Bola Tinubu’s administration’s goals. Sources from The Cable reveal that Hadiza Bala Usman, special adviser to President Tinubu on…
Nigeria risks losing $20bn in cocoa exports-FRC
The Executive Secretary and Chief Financial Officer of the Financial Reporting Council of Nigeria, Rabiu Olowo, has said Nigeria is at risk of losing over $20bn in cocoa exports within the next three years. He said the loss is likely…
‘Protectionism eroding global business’ – world trade chief
That is the admission of the director general of the World Trade Organization (WTO), Dr Ngozi Okonjo-Iweala. “We are seeing increasing protectionism, some undermining of the WTO rules, and some of this is leading to fragmentation,” she tells the BBC….
FG suspends taxes on maize, wheat, rice, other staples
The Federal Government has announced the suspension of duties, tariffs, and taxes on some essential food items imported through land and sea borders. The Minister of Agriculture and Food Security, Abubakar Kyari, made this known during a press briefing at…
Dangote Refinery on track for July petrol supply – Official
The Vice President of Oil and Gas at Dangote Industries Limited, Devakumar Edwin, has reiterated that the Dangote oil refinery will supply petrol in July as promised. Edwin said this when he took officials of the S&P Global on a…
Nigeria secures bid to host $5 billion Africa Energy Bank in Abuja
Nigeria has successfully secured the bid to host the headquarters of the newly established $5 billion African Energy Bank (AEB) in its capital city, Abuja. This is contained in a statement by the State Minister for Petroleum Resources (oil), Heineken…
NNPC unveils business opportunities for youth corps members
A total of 2,659 members of the National Youth Service Corps across Nigeria have been pre-qualified for the final phase of the NNPC Foundation Business Pitching Exercise. According to a statement issued by the Chief Corporate Communications Officer NNPC Ltd,…
Ghana gets World Bank’s approval for $250 million loan as Nigeria expects $2.25 billion this month
The World Bank has approved a $250 million International Development Association (IDA) credit for Ghana’s Financial Stability Project. According to a statement from the bank on Monday, this initiative is set to span five years and aligns with Ghana’s Financial…
Present economic challenges have rendered our husbands figureheads – Nigerian women cry out
Some Nigerian women have narrated the huge economic challenges confronting them in sustaining homes. The women expressed their views in separate interviews with the News Agency of Nigeria (NAN) in Lagos on Sunday. A Mother of four, Mrs Abiola Dipeolu,…
Petrol: Marketers fret as depot price rises to N710/litre in Lagos
Independent petroleum marketers have expressed concern over the rising price of Premium Motor Spirit, PMS, otherwise known as petrol, in private depots to N710 per litre. With the increase, petrol pump prices at outlets operated by independent marketers also rose…